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  1. Demian is offline
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    11-05-2008, 05:17 PM #81
    DEIX to exit satellite radio business.......

    http://biz.yahoo.com/prnews/081105/law084.html?.v=101

    ""While it is never an easy decision to exit any market, there are a number of factors that made exiting the satellite radio business the only logical choice for us. These factors include a dramatic drop in demand for aftermarket satellite radio, increasing warranty returns and decreasing margins that we and our customers have experienced throughout 2007 and 2008 on satellite radio products, and the large working capital commitment required for this relatively low margin business. Exiting this business will allow us to return 100% of our focus in 2009 to improving the experience we deliver to our customers and growing our highly profitable security and entertainment businesses."

    Kevin Duffy, DEI Holdings' CFO, commented, "Exiting the satellite radio business will not only allow us to focus on our core business, but also increase our ability to pay down debt by recovering the $20 to $25 million of working capital we have committed to this business. Additionally, we are pleased with the terms of our wind-down agreement, as SIRIUS XM or their new partner will be purchasing substantially all of our remaining satellite radio inventory in the first quarter of 2009. They will also be taking full responsibility for all future product returns and warranty costs after January 31, 2009, regardless of when the product was sold."

    Mr. Duffy continued, "Looking at the fourth quarter and into 2009, we anticipate that purchases of consumer electronics products will continue to decline significantly. As a result, we are taking every practical action to optimize our sales while preserving our margins. In addition, considering the realities of selling into this uncertain market, as well as our planned exit from the satellite radio receiver business next year, we plan to continue rightsizing our facilities and other overhead in all divisions of the company. Combined with the restructuring initiatives we have already implemented, we are confident that we are as well positioned as possible from an operational perspective to weather the current environment.""

  2. APEXSPORTS is offline
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    11-05-2008, 05:25 PM #82
    Good or Bad for sirius

  3. J56D is offline
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    11-05-2008, 05:33 PM #83

    Thumbs down

    They will also be taking full responsibility for all future product returns and warranty costs after January 31, 2009, regardless of when the product was sold."

  4. Demian is offline
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    11-05-2008, 05:35 PM #84
    Quote Originally Posted by APEXSPORTS View Post
    Good or Bad for sirius
    It could be good for SIRI depending on who the new supplier/suppliers is/are and what the terms are...

    Maybe the new supplier/suppliers will be more aggressive in marketing/advertising their sat radios......

  5. Demian is offline
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    11-05-2008, 05:36 PM #85
    Quote Originally Posted by J56D View Post
    They will also be taking full responsibility for all future product returns and warranty costs after January 31, 2009, regardless of when the product was sold."
    How can they say this without a deal with a new supplier in place?

  6. GetItStraight is offline
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    11-05-2008, 06:09 PM #86
    No real affect other than it gives us some insight into a potential slowing in radio sales. It seems to me however that there will be plenty of other players that will pick up the slack if that's not happening already.

  7. APEXSPORTS is offline
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    11-05-2008, 06:21 PM #87
    I got a clue about who it might be.. link.. http://www.streetinsider.com/Corpora...+/4072316.html

    PIONEER I bet

  8. Demian is offline
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    11-05-2008, 06:31 PM #88
    http://www.wwj.com/Azentek-Demonstra...t-SEMA/3264385

    Wednesday, 05 November 2008 4:31PM
    Azentek Demonstrates In-Car Computing At SEMA

    "Its long list of features includes Microsoft Windows Vista, Intel Core Duo processor, built-in Wi-Fi, voice recognition, AM/FM/XM/Sirius/HD Radio capability, Bluetooth, DVD player, CD rewriter, GPS navigation, Voice Over Internet Protocol capabilities, real-time engine diagnostics, and much more."

  9. Demian is offline
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    11-05-2008, 06:34 PM #89
    Quote Originally Posted by APEXSPORTS View Post
    I got a clue about who it might be.. link.. http://www.streetinsider.com/Corpora...+/4072316.html

    PIONEER I bet
    Pioneer has been a supplier to XM for a long time now.....I don't know if that relationship will extend to SIRI or not, but I bet they could make a better SIRIUS portable than Directed - that's for sure!

  10. Demian is offline
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    11-05-2008, 07:32 PM #90
    http://www.nctimes.com/articles/2008...f700621c3f.txt

    Old-time radio finding new life
    By RANDY DOTINGA - For the North County Times | Wednesday, November 5, 2008 10:07 AM PST ∞

    "The golden age of radio drama is long gone, snuffed out by the rise of television. But if you missed it the first time, there are many ways

    to catch up.

    It turns out that classic radio drama is undergoing a revival of sorts. Fans can find long-forgotten shows on satellite radio.....

    ......The good news: Old-time radio shows are more available than ever. The satellite radio companies XM Radio and Sirius ---- which are merging ---- both offer channels devoted to old-time radio.

    "Our sense of it is that the channels are surprisingly popular," said Jeremy Coleman, a senior vice president at Sirius/XM, and not just among those who were around decades ago.

    "Kids, teenagers, kids in their 20s and 30s, they've heard of it and are being introduced to it," he said. "I have a sense that even as these shows get older and older, their appeal keeps refreshing."

    Shows on Sirius's Radio Classics channel include "Fibber McGee and Molly," "Abbott and Costello," "Superman" and Jack Benny, among many others. Some of the shows heard on XM's Radio Classics channel are "Dragnet," "The Whistler" and "Gunsmoke.""

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