Well, here we go. Where will we move this week? Hopefully up and into the stratosphere.
Ah well, doesn't hurt to dream, does it?
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Well, here we go. Where will we move this week? Hopefully up and into the stratosphere.
Ah well, doesn't hurt to dream, does it?
Skydock PR...Perfect timing for CC on the 5th!!! Maybe...just maybe...they have figured out the PR game!
XM SkyDock Now Available for Purchase Across the Country
XM SkyDock(TM) is now available at retailers and online stores nationwide including the Apple Store, www.apple.com, Best Buy, RadioShack and www.xmradio.com/skydock
NEW YORK, Nov 02, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- SIRIUS XM Radio (Nasdaq: SIRI) today announced that the XM SkyDock(TM), the first satellite radio controlled by an iPod touch or iPhone, is available for purchase in stores across the country including the Apple Store (www.apple.com), Best Buy, Radio Shack, independent retailers and online retailers, including www.xmradio.com/skydock.
(Logo: http://www.newscom.com/cgi-bin/prnh/...19/NYTU044LOGO )
"We are excited to launch XM SkyDock at our subscribers' favorite retailers," said Bob Law, Group Vice President and General Manager, After Market Division, SIRIUS XM Radio. "The XM SkyDock can bring live satellite radio entertainment to millions of iPod touch and iPhone users in their vehicles."
Subscribers can enjoy all of XM and the complete "Best of SIRIUS" programming package controlled by their iPod touch or iPhone anywhere they drive. XM SkyDock will also charge iPod touch and iPhone devices while listening to satellite radio.
The required XM SkyDock App utilizes the innovative Multi-Touch user interface of iPhone and iPod touch to let customers experience the breadth of content SIRIUS XM subscribers have come to enjoy. The XM SkyDock App is available for free from the App Store on iPhone and iPod touch or at www.itunes.com/appstore.
Subscribers can easily tag songs and purchase them from the iTunes Store (www.iTunes.com) --including songs on SIRIUS XM's 24/7 artist-branded commercial-free channels such as Jimmy Buffett's Radio Margaritaville, Elvis Radio, Eminem's Shade 45, The Grateful Dead Channel, B.B. King's Bluesville, Willie Nelson's Willie's Place, and Siriusly Sinatra.
XM SkyDock comes with SIRIUS XM's PowerConnect(TM) technology, which simplifies vehicle installation, working through the existing vehicle radio and making it easy to move from vehicle to vehicle. An Aux In Cable is a standard in-box accessory to facilitate Aux In connections in vehicles with Aux In capability.
XM SkyDock is compatible with iPod touch (1st and 2nd generation), iPhone, iPhone 3G and iPhone 3GS. All models require iPhone OS 3.0 or later.
XM SkyDock is available at retail locations and online stores nationwide, including the Apple Store (www.apple.com), Best Buy, www.bestbuy.com, www.crutchfield.com, RadioShack and www.xmradio.com/skydock, as well as independent retailers from coast to coast, at an MSRP of $119.99.
To view the interactive demo and to learn more about XM SkyDock, please visit www.xmradio.com/skydock.
To learn more about XM, please visit www.xmradio.com.
About SIRIUS XM Radio
SIRIUS XM Radio is America's satellite radio company delivering to subscribers commercial-free music channels, premier sports, news, talk, entertainment, and traffic and weather.
SIRIUS XM Radio has content relationships with an array of personalities and artists, including Howard Stern, Martha Stewart, Oprah Winfrey, Jimmy Buffett, Jamie Foxx, Barbara Walters, Opie & Anthony, Bubba the Love Sponge(R), The Grateful Dead, Willie Nelson, Bob Dylan, Tom Petty, and Bob Edwards. SIRIUS XM Radio is the leader in sports programming as the Official Satellite Radio Partner of the NFL, Major League Baseball(R), NASCAR(R), NBA, NHL(R), and PGA TOUR(R), and broadcasts major college sports.
SIRIUS XM Radio has arrangements with every major automaker. SIRIUS XM Radio products are available at shop.sirius.com and shop.xmradio.com, and at retail locations nationwide, including Best Buy, RadioShack, Wal-Mart and independent retailers.
SIRIUS XM Radio also offers SIRIUS Backseat TV, the first ever live in-vehicle rear seat entertainment featuring Nickelodeon, Disney Channel and Cartoon Network; XM NavTraffic(R) service for GPS navigation systems delivers real-time traffic information, including accidents and road construction, for more than 80 North American markets.
This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about the benefits of the business combination transaction involving SIRIUS and XM, including potential synergies and cost savings and the timing thereof, future financial and operating results, the combined company's plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as "will likely result," " are expected to," "anticipate," "believe," "plan," "estimate," "intend," "will," "should," "may," or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of SIRIUS' and XM's management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond the control of SIRIUS and XM. Actual results may differ materially from the results anticipated in these forward-looking statements.
The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statement: our substantial indebtedness; the businesses of SIRIUS and XM may not be combined successfully, or such combination may take longer, be more difficult, time-consuming or costly to accomplish than expected; the useful life of our satellites; our dependence upon automakers and other third parties; our competitive position versus other forms of audio and video entertainment; and general economic conditions. Additional factors that could cause SIRIUS' and XM's results to differ materially from those described in the forward-looking statements can be found in SIRIUS' Annual Report on Form 10-K for the year ended December 31, 2008 and XM's Annual Report on Form 10-K for the year ended December 31, 2008, which are filed with the Securities and Exchange Commission (the "SEC") and available at the SEC's Internet site (http://www.sec.gov). The information set forth herein speaks only as of the date hereof, and SIRIUS and XM disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this communication.
R-SIRI
Contacts for SIRIUS XM Radio:
Sal Resendez
SIRIUS XM Radio
sal.resendez@siriusxm.com
646 313 2405
SOURCE SIRIUS XM Radio
http://www.xmradio.com
If you are a AAA member, go to AAA.com/discounts and get 25% off on radios and accessories from SIRIUS , good from Nov.1 to Dec.31,2009 Change website to AAA.com/sirius.(sorry)
Wow. The stock is imploding.
2. Sirius XM Radio
In late 2004, when the buzz surrounding Howard Stern's planned defection to satellite radio helped drive Sirius to crazy levels of $5 to $7 a share, it was tough to talk anyone, especially Stern fans, out of paying such an insane price for the stock.
By late 2005, though, reality started to set in. Sirius stock began a long decline.
Last summer, sellers pushed the stock even lower after Sirius merged with rival XM Radio to form Sirius XM Radio (SIRI, news, msgs) on worries about excessive debt and recession-weary consumers tuning out satellite radio fees.
Video: Finding stocks for $10 or less
Now Sirius XM's stock sells for just 60 cents a share -- so low it looks like the crowd has it wrong once again. They're missing an impressive post-merger turnaround that has the company cutting costs while raising prices -- exactly what you want as an investor, said Scott Stevens of Strata Capital Management, a Beverly Hills, Calif., hedge fund. Strata’s investments are up more than 46% this year after fees as of Oct. 26, compared with 16.4% for the Standard & Poor's 500 Index ($INX). The fund owns Liberty Media Capital (LCAPA, news, msgs), which has a big stake in Sirius XM.
"You have two companies where almost every expense line was duplicative," Stevens said. Sirius XM has been cutting its staff. It also is reducing the price of content as it renews fat contracts negotiated back in the heyday of the Sirius-XM battle. All told, the company will cut more than $400 million in costs this year, Stevens said.
Meanwhile, Sirius XM is reaping more revenue per customer. So revenue is heading up even as the subscriber base slips. The company has also improved the terms of its deals with carmakers.
The bottom line: Cash flow is up enormously, Stevens said. The company recently projected cash flow (adjusted for unusual charges) of more than $400 million this year, compared with a loss of $136 million in 2008.
Barrington Research Associates analyst James Goss thinks the turnaround will boost cash flow by more than 30% a year for the next few years, to $751 million in 2011 from $439 million this year. He thinks this could propel the stock up 30% next year, to 80 cents a share, and make it double or more to $1.30 at some point in 2011.
Buy below 60 cents. *
Hang on to your hats everyone! Here's the run-up to CC! Up a penny!
...woot... :rolleyes:
mel will be appearing on CNBC's squawk box tomorrow. keep your eyes peeled.
Yeah, it'll be interesting to see the spin after the stock drops around .13 per share or so tomorrow.Quote:
Originally Posted by bassmaster
Of course I hope I'm wrong. I can't help but see tons of people shorting this stock over Q3 release tomorrow and waiting to make a bundle of moolah over it. I'd laugh my ass off (for once) if it actually rose on the report though. I'd love it!
I'm sitting tight at .6347 until Q4 I guess.
Has anybody else read the Q3 report yet but me? Oh well...
Why am I the only one in here with pom-poms? :)
My arms are getting tired...:(
BRB, have to do some work at work now. I'll continuw talking to myself later.
(Like the smiley's, Julie?)
Ha-ha shorts!
If I am reading right, we beat expectations. Evened out per share instead of .02 loss as projected. Is this correct? Man, they have been slashing operating expenses left and right too. They also cleared off some debt.
I might just hold this through 2010.
We shall see the spins out there today. Another interesting fact is what bassmaster mentioned...Mel's on TV also today. Wish I could see it.
Oh well...still waving pom-pom's...alone...