How much should we trust Mel Karmazin ?

[nisvan]

charles, it seems reasonable that now that the debt problems are a bit more manageable, you're going to see the company being able to spend more time and resources on additional apps of the kind you speak of; mel may not know or be inclined to know what apps to get into the mix, but he can certainly delegate the r&d and then the operational implementation of apps to younger more tech-inclined personnel who can be brought into the company; don't forget, they've had to reduce the number of employees recently, and now can better focus on long term growth and r&d; there's also going to be influence of new board members from liberty - with their own different ideas and ways of moving forward, to add to the mix -

[imromo24]

In due time, in due time.

This dude has balls. He did what it took to keep us in the game.

Look,

1. if XM goes bankrupt, people aren't going to buy new equipment and go get sirius and it would leave a sour taste for it, Mel's merger kept "satellite radio" alive

2. He knew he needed to make synergies, by cutting jobs, which merged channels. That was Bad News, why waste good news at this time?

3. He managed to get a big loan in the middle of the biggest recession in decades when no one is getting loans and companies are going bankrupt, keeping the game from ending.

I gotta go or i could come up with more.

All this stuff everyone is asking for is like trying to inflate a tire with a million holes in it, Mel is Patching the holes and when they are patched he will inflate the company. Remember Mel knows, this is not a satellite radio company it is a media company. He will extend his reach wherever he can as fast as he can when the timing is right.


Walk softly and carry a big stick. Mel has been quiet lately, he beat alot of people with his big stick today, but that is just the start of his ass kicking.

Remember his quote a while back? He said "We are currently working with the auto industry on some very interesting and cool things...." and he said he doesn't believe in mobile TV for this company, so, what could it be?

[SiriusBuzz]

charles, it seems reasonable that now that the debt problems are a bit more manageable, you're going to see the company being able to spend more time and resources on additional apps of the kind you speak of-

For 1/3 of 1 year of Mad Dog Russos contract they could have best in class applications for every damn portable out there. What do you think would have brought in more new subscribers?

I don't doubt that they just MIGHT do the right thing moving forward because of all the negative press which has to have tipped them off at this point but, make no mistake about it, there was NO REASON they could not have had this done and gift wrapped months ago.

It is my firm belief that they have waited FAR to long and their once great cheap opportunity will now be an increase to their customer acquisition cost to make up for the time they have lost. You need to get into the market quick or throw money at a problem to catch up. They can do it, but its not going to be cheap.

Every day that goes by without any press releases concerning this topic is one more reason long term shareholders should be weary.

[birkoff]

Well, the deal was done. So how much is SiriusXm deluted by "new" stock shares. Seems to me it will be hard to find new equity in a few million more shares, or tens of million shares. 10 cents might be the new high. Maybe someday it will actually earn its first dollar and it can put it in a frame in the studio, but until then, its about selling the sizzle, cause there's no steak.

[J56D]

Well, the deal was done. So how much is SiriusXm deluted by "new" stock shares. Seems to me it will be hard to find new equity in a few million more shares, or tens of million shares. 10 cents might be the new high. Maybe someday it will actually earn its first dollar and it can put it in a frame in the studio, but until then, its about selling the sizzle, cause there's no steak.

As of February 13, 2009, 3,793,193,708 shares of our common stock were outstanding. Keep this number in mind because it will be interesting to see how it grows.

What is the eps if they do earn their first dollar with the current number of shares? What will it be if the shares are diluted to the 6,000,000,000 which is what some people think that it will go to?

[trippingthespeculatingpos]

A millionm!!!11

[birkoff]

"In exchange, Liberty will get 12.5 million shares of preferred stock convertible into 40 percent of Sirius' common shares, and two seats on the company's board."

Okay, so there use to be 3.5 million shares that had a price around
10 cents. But now there will be 16 million shares. And stock is
up 8%. Funny math IMHO.