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Yes it was tim,and tyler confirmed it,also homer said this one was,but next one he wasn't sure..

ok,thanks,hope this clears it up,but i'm not 100% sure we won't see a surprise Capex of 30to 50 mil,as i'm having a hard time finding a clear definitive answer in the report that says it is all paid...

That is the quote,FM-5 just went up and paid for,25mil was in 1Q,then XM-5 is paid for,just showed you the accounting,but launch hasn't been paid yet,but not due until late next year,and FM-6 is...

this is the reason it was pushed back,fm-6 that is,but it has changed since then,april 9th 2009 and how it is paid for...

In July 2007, SIRIUS amended and restated its existing Credit Agreement...

XM-5 is done and paid for and sitting in storage awaiting launch if needed,now it isn't needed until a problem occurs with xm-3 or xm-4,we already have 2 spares in orbit for xm to cover us until xm-5...

this shows xm paid for this already,xm-5 that is..in 2008

Satellite system . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $449,129 $155,736...

This is the network of current sats...pay close attention to spares and users.


We operate three in-orbit satellites in our SIRIUS system and have one ground spare satellite. The three
in-orbit...

Yes,fm-5 is paid for,just by your numbers,the second fm-6 has been pushed back to 2010 if needed,or canceled,,give me a minute and i'll post the paragraph from the reports,also Q1 2009 was last...

They have a seperate account that money was set aside for when the sat was ordered,payouts are in stages,when ordered,built and finished,then launch is paid for..so capex is accounted for in Q's when...

Is that the supposed video of a newswoman naked or something,saw a headline that said the whole thing was a scam to spread the virus..

Julie,here my 3 random thoughts for today...

1.can i choke...

S-KILL,hate to burst your bubble,but John and i have discussed this and Mel in ANNual CC in March said there will be no Capex for sats till 2015,after the ccompany decides if it wants and needs the 2...

hey i posted it 2 hours earlier,and i do have a life outside of Siriusxm!!!LOL:D
Geez,you post and disappear like the wind,and expect me to wait around for you to post your life outside of...

Hey Julie,this is spooky,we are both moonchilds with same Birthday and also next weekend we are having my family reunion also,and with the irish it will be drinking and fighting and more drinking...

Yes sadly John,just checked it out and SXM will have a 3 billion Capex charge in 3Q and i sold all my stock because we are heading for BK....

Hi Julie,
you can post any topic you want,doesn't have to be SXM related,that is boring right now, until 2QCC that is..!!!:D

So what topics you want to discuss?

Ok,here is one...
How about with the new GM deal in OEM ,SXM buys out or starts up an On-Star like system for all new cars to help with Stolen cars,hands free phone conected to your cell phone...

Exactly,not short term but it is important they realized this and as penetration goes up smartly in new OEM we will see substantial increase in SAC less new sub adds...

P.S. this will also phase...

s-Kill,agree but as Tyler says,penetration and new in those luxury models are few and far between,plus remember the clientele that buy CPO luxury cars are repeat buyers every 3 years and probably...

S-Kill,Cpo really didn't start until recently,some were as far back as march,but most were in the 2Q April-June,so we shouldn't see any benefit until 3Q and Really 4Q...we might see like 10k self pay...

Good Morning everyone!!!
Tyler, posted on my 1 time charges in article,but everything else looks about right,Good Job in breaking it down...It will be spun badly at first ,then if we get some good...