LMAO . .. hey Bass . . I think it's gone already; I tried yesterday but then saw all the warnings and decided not to try it . . . it was up on youtube for awhile . . . maybe someone here among us was wise enough to download a clean copy before it got pulled . . .
Something I learned from that story . . . I never knew there was such a thing as a "peep-hole reverser" which apparently the police have had for years and routinely use before making a hotel room raid . .
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 sats that XM started to order for launch in 2010 and 2011,the company has the option to push them back or cancel them with a small penalty fee...The Faber statement is from December CC in 4Q,which was last guidance given,and i've heard it before.
Satelite that was just launched is already paid for and actually they are in arbitration over 15mil that SXM says is owed back to them for unnescesary delays by sat company..
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 like tom watson when i'm 59 years old...
2.can a munchkin ever be put back in the hole of the donut..
3.If M. Vick is allowed to play in the NFL again,will the football be changed from pigskin to synthetic material...
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 it;s a new expenditure and put in this account that earns interest also..this is what Mel was talking about,if they go ahead with next sats,money would have to be taken out of earnings and put aside..
Forgot,it is in the financials under Satelite expenses,this is how it is accounted for,you'll see expected costs laid out for each year in the annual report..
hey Irish . . check this out:
3) CapEx: Also known as Capital Expenditures, refers to the cost of infrastructure, or most notably, the Satellites. Borrowing some numbers from a poster on the Sirius Buzz Forums, Homer, this is what the CapEx looks like from Sirius’s standpoint:
Sirius FM-5: (Satellite and Launch) Sirius FM-6: (Satellite ONLY)
All of 2008: $100 million All of 2008: $100 million
Q1 2009: $25 million All of 2009: $100 million
Through Q3 2010: $80 million
Homer warns us that these numbers are very rough estimates, and does not include launch insurance for either satellite, which is estimated to be around $40 million dollars per satellite, or the cost of the launch for FM-6, which sits around the $90-$95 million mark. Adding up those numbers, you are looking at $405 million dollars, plus insurance ($40 million x2) plus launch fees for FM-6 ($95 million) which brings us to a grand total of $580 million over the next 2 and a half years. The positive for this is that if they build in the ability for one sat to broadcast both networks, this will hopefully be the last time they will have to launch satellites for the next few years.
I think I'll put out an APB for homer . . this is really buggin me now . . .
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 SIRIUS satellites were launched in 2000 and the spare satellite was delivered to ground storage in 2002. The
three-satellite constellation and terrestrial repeater network were placed into service in 2002. SIRIUS has an
agreement with Space Systems/Loral for the design and construction of an additional two satellites. In January
2008, SIRIUS entered into an agreement with International Launch Services to secure two satellite launches on
Proton rockets. This agreement with International Launch Services allows SIRIUS the flexibility to defer the second
of these launch dates and to cancel either launch upon payment of a cancellation fee.
We operate four in-orbit satellites in ourXMsystem, two of which function as in-orbit spares. The two in-orbit
spare satellites were launched in 2001 while the other two satellites were launched and placed into service in 2005
and 2006, respectively. XM is constructing an additional satellite.