SIRIUS XM SATELLITE RADIO FORUM
Going there now to read... that explains the sudden silence on the board....
and why we maybe jumped to .16 in A/H
I hate to say I told you so, but I told you so...
look at retail...they LOST 333,628 retail subs in 2008. Where are my critics? I just baked some humble pie....come have a slice..
I thought this was interesting from the 10 Q:
"We are in discussions with various parties regarding possible joint ventures in other countries."
Brandon-Originally Posted by Brandon Matthews
That Net loss, but they did not have 0 gross. You were talking about an overall loss of 2 million subs for 2009. If they lost the same amount of retail for the next 4 Q's (net), they still don't lose subs for the year.
Your crazy !
Whoa, I just got back from a meeting and this is a huge surprise?!
How is it looking, guys? I see year ending 2008 we have 19.0 million subs... is that accurate...? Didn't we miss guidance of 19.2 or whatever it was?
And the net loss of $250,000 for Q4... I guess that means no chance of cash flow positive?
Someone help me understand if this is good news or bad!
"SAC, as adjusted, per gross subscriber addition improved by 14% to $74 from $86 for the years ended December 31, 2008 and 2007, respectively."
I find this part of the 10K interesting... we'll see how they spin it when/if they anounce a proprietary app for the iphones/internet....
EXCERPT: Internet radio broadcasts have no geographic limitations and can provide listeners with radio programming from around the country and the world. Major media companies including Clear Channel, CBS, America Online and Yahoo! make near CD-quality digital streams available through the Internet for free or, in some cases, for a fraction of the cost of a satellite radio subscription. In addition, an Internet based radio product was recently announced for vehicles. The past few years have seen a steady increase in the audio quality of Internet radio streams and in the amount of audio content available via the Web, resulting in a steady increase in Internet radio audience metrics. We expect that improvements from higher bandwidths, faster modems and wider programming selection are likely to continue making Internet radio an increasingly significant competitor in the near future. These services already compete directly with SIRIUS’ and XM’s Internet offerings and, through the use of home stereo media adapters or media-centric PCs, with the companies’ home line of products.
With the sudden appearance and then abrupt disappearance of the NiceMac app - I'm wondering if the 17th isn't going to be more eventful than we thought... the fact they are recognizing the internet side of the house and clearly see it as "competition" leads me to think they may be getting ready to "counter" that competition....
• at SIRIUS, $1.744 million of 8 3 / 4 % Convertible Subordinated Notes that mature on September 29, 2009;
• at XM Holdings, approximately $227.5 million of 10% Convertible Senior Notes that mature on December 1, 2009;
• at XM Holdings and XM (as co-obligors), $33.2 million of 10% Senior Secured Discount Convertible Notes that mature on December 31, 2009; and
• at XM, a $350 million credit facility, which is fully drawn and $100 million of which is due in 2009, $175 million is due by May 5, 2010 and $75 million is due in May 2011.
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