How much should we trust Mel Karmazin ?

[birkoff]

So what's Mel up to? He owns 5.5 million shares, has paid
$21,000,000 for his shares and they are worth $550,000.
The company has $3.5 billion of debt. His strong statements
don't really mean much in this financial market. Its
about survival.

Charlie Egan purchased $150 million in bonds. Looks like
he has a bigger stake in the company at this point in time.

I'd bet if you gave Mel $10,000,000, he'd recommend that
SiriusXM be sold to Echo Star. Call it a golden parachute.

The remains of the company have to go through BK. It
made bad contracts for personalities and sports. It reached
for the brass ring and only got a bunch of bull snot.

And did I mention that 98% of SirusXm content is on my
iPhone?

[trippingthespeculatingpos]

ton's of services get started without free trial's, sirius has been around long enough their shouldnt be a need for a free trial. I think just a few people try it on their iphone's and get into the service it will spread like wildfire. Not to mention the extra 2.99 that current subscriber's will be willing to pay to hear the service on their iphone, i think otherwise not that many people would pay the extra fee. I think it will start penetrating those who listen to music on their iphone but would like an even better experience with live content. The ability to have the sports package on your phone wherever you are is huge, honestly im more excited about having siri on my cellphone than in my car. Of course siri isnt taking advantage of this the way they should have, but it will still have a beneficial impact, you guys act like it will have no impact at all.

[m4svt]

anybody have mels cost average handy?

[trippingthespeculatingpos]

5 something bucks i believe, it aint pretty.

[SiriusBuzz]

Of course siri isnt taking advantage of this the way they should have, but it will still have a beneficial impact, you guys act like it will have no impact at all.

It will have an impact but that impact will be minimal. It will be from diehards who are already subscribers who will get more value out of the service as apposed to new subscriptions. I signed up for netflix last month because it was on my xbox for free but also because it was a two week free trial. This is silly to argue about... Sirius didnt even make the app and it wouldnt cost them a thing (relatively) to give the service away for a few weeks. Its a no brainer.

I have watched friends and family try games, ringtones, and applications on their phone for no other reason then the fact that it was free or free to try. I have also heard things like "1.99 for bowling... screw that." Like I said, it will help but it will not bolster subscriptions like others think it will. You can hate all you want... just make sure you come back to the forums to say "wow you were right."

BTW, they are seven months late getting this application out so, don't forget the lost opportunity. Pandora and Slacker are top 10 applications for the iPhone now. Not only do you have to convince people to subscribe but you also have to convince them that your service is better then the FREE applications they have been using for MONTHS. BTW, Sirius wont do that convincing because they arent even resposible for the app.

[Phil]

anybody have mels cost average handy?

3.82 rounded according to birkoff's numbers.

[trippingthespeculatingpos]

we'll see charles, we'll see.

[m4svt]

3.82 rounded according to birkoff's numbers.

doh, i shoulda did the math. thx tho.

he's got a long way to breakeven, i hope we see 3 bux again.

[just sirius]

I can think of 81k reasons for the stock to reach $3 again!!!!! Now that would be an awesome thing!!! In due time!!!

[m4svt]

I can think of 81k reasons for the stock to reach $3 again!!!!! Now that would be an awesome thing!!! In due time!!!

hope you're right.