People invested in satellite radio have been looking for answers… any answers. They have had a strong desire to hear from the company, and want to know what the plans going forward are. In a perfect world, we would all have these answers, but in today’s environment, even good news simply seems to get washed up in a vortex of negativity.
In the midst of all of this, Mel Karmazin did an appearance on Autoline in which he discussed the current situation, and in particular focused on the OEM channel. The interview does not give all of the answers, but does provide some answers and insight that investors are seeking. The video is well worth watching, and at less than 30 minutes long, does not wipe out your schedule. Grab a cup of coffee and click and watch.
Position: Long SIRI