Slacker G2 Launches
The folks at Slacker have taken the next step in their business by launching a new portable player that is smaller, more capable, and hitting the market in time for the 2008 holiday season. As is typical, Slacker brings a unique flair to their player, and given how awesome their Internet radio service is, fans will gravitate to this new player.
The new player makes Slacker even more competitive with satellite radio as well as iPod, by getting the size and capabilities in their player more in line with consumer expectations. When Slacker gets to the point of a car kit, the race for listeners ears will have a new and viable competitor.
Get all the skinny on the new Slacker G2 at Slacker Active
[Via Slacker Active]
Position – Long SIRI, No Position Apple
Tyler, it is very interesting to note that Goldman Sachs downgraded Apple today . . . the launching of the G2 makes the timing of the downgrade more than coincidental and demonstrates the real threat that this evolving medium represents . . .
Is Slacker paying huge royalty fees? Has Slacker been running in the red? Is Pandora toast yet?
Why is the stock changing by tenths of a cent?
I am sorry Roadkill. I’m not just saying this because I am a TOTAL Apple-head….but NO portable player will ever topple Apple’s throne in the mp3 market. EVER.
Slacker and Sirius players are all well and good, but they are better off using a “SOFTWARE” solution when it comes to Apple in the future.
The sooner Sirius creates an online Radio interface that beats Pandora and Slacker at their own game the better. YES Sirius has the content…but they can’t rest on that. They HAVE to develop an online presence that takes the best of what Slacker and the like do…and make it better by adding the Sirius content.
Then and only then will people forget about slacker and pandora. They’ll have everything they need with Sirius. Content AND function.
But back to the portable players for slacker and Sirius. There will always be a niche market for them…but again…they will never replace the iphone or ipod….EVER.
Sirius is better off spending money on the software end. Getting IN the iphone and blackberry in a seemless way. Creating a more “slacker” or “pandora” like interface as I outlined above will make this the must have item on their ipod touch, iphone or blackberry.
I don’t know if Apple will EVER want a sat radio capable ipod. But if Sirius does the above and BECOMES the powerhouse dominant player in the RADIO market that Mel promises….THEN Apple MAY consider this down the road.
Or perhaps Microsoft will wake up and say HEY! Lets create a ZUNE with Sat Radio built in. Who knows.
But for Sirius to throw money at trying to build a BETTER portable than the “Slacker” is throwing money away. It’s a losing battle, because NEITHER one will dethrone Apple.
Sirius is better off expending energy focused on beating Slacker on the software interface side. Taking what people love about Slacker and making it better. With the Sirius content…it’d CRUSH Slacker and Pandora.
Well another chance to average down LOL
YEah..this is INSANE. I really don’t think the market cares shit about what happens to Sirius now.
I mean if Lehman which was a 158 year institution went to zero….who knows what will happen to ANY company in this credit crisis.
I’m getting scared now. How low can we go?
Man. I am regretting averaging down these last couple of weeks. I could have used that money to throw into REALLY great stocks that will surely bounce back quickly once the government bales out AIG.
I have faith that Sirius will survive too….but it will establish an all new low and won’t bounce like other stocks after this.
It will stay at this new low level until SOMETHING FUCKING HAPPENS….and thats going to take awhile.
ARGH.
Even if saomething good happens and we get a 100% jump, it will still only be $1.40. That is still a 50% loss for me. This is Horseshit.
I agree chizzle…the lower we go…the less a HUGE pop will do for us.
I mean when we were at $3 not too long ago…a pop to $4 wasn’t too far fetched.
Now it seems down right IMPOSSIBLE.
It’s why people keep averaging down…and are shocked that it keeps going lower.
I’m kinda kicking myself for not taking Brandon’s warning the other week to SELL if it hit $1.24…and get back in later.
If I did that instead of holding and averaging down…I could have literally DOUBLED my position and all but ensured that I’d at least break even should it reach $1.24 again.
Instead…I’ve “lost” even more…and have even FARTHER to go now to break even.
At this point, my only strategy is to hold and stick it out for the long run.
Ever pay check i have been buying more shares and it continues to lose money, its like I am not even getting paid, I should have just put all that money on the Eagles last night. Fakkk
I’m with u Chizzle fizzle snizzle.
I feel your pain brutha.
I’ve NEVER had such rotten luck with a stock. And it’s been 3 years of being stuck and averaging down. Each time I averaged down thinking it COULDN’T go lower….it went LOWER. EVERY TIME.
That has never happened to me before. And my timing has been horrible. I remember 2 years ago, I was ABOUT to sell….and THAT VERY day they announced the merger. So I stayed in.
Then A YEAR ago…I was tired of waiting for the merger…an was about to SELL again(I would have lost $…but nowhere near now)….but THAT VERY DAY I SHIT YOU NOT….all those analysts started saying MERGER IMMINENT!!!! DEFINITELY by the end of the year.
So I held.
8 MONTHS LATER it CLOSED….and NO POP.
It was devastating.
And every month since then, I said it couldn’t go LOWER…and EVERYTIME I bought more shares to average down…it went LOWER.
So I hear ya buddy.
If I had gotten out last year, I could have bought back in now and had 20 times more shares for the same price! Or I could have bought an equal amount of shares for next to NOTHING.
Hindsight is 20/20 as they say….but this stock will go down in history as the most INSANE experience of my life.
It’d be great to finally get out. Even if a miracle happens and I make a profit(my average pps now is $2.50) I won’t be happy as much as relieved.
Over the last 3 years when I think of how MUCH money I COULD have made it boggles my mind. All the other stocks i wanted to be in soon as I cashed out of Sirius would have made me rich.
No joke. And not even over a 3 year period. Just in this last 8 months!
But worse than that…I haven’t made ONE dime with Sirius yet….if I had the original amount I sunk into it…and just traded this week…I would have made more money going in and out of stocks in my list.
I’m not bitter tho. I’ve learned SO MUCH these past couple of years.
I guess thats the silver lining.
this is the only stock I ever bought, bought it when I was 22 and now 25 just hoping for a down payment on a house, my 10k has turned into 2k, so it has been 3 years that I have been waiting and now i am in a much worse position than I was in college.
My average is around 2.70, so it needs to quadrouple to break even, What are the odds of that.
Another thing that is a pain in the ass, is that I can’t get anything done at work, all I do is stare at the ticker and read these message boards, it pretty pathetic.
The last time I “averaged” down, I bought 1,000 shares at $1.
If I sell those 1,000 shares now, I’ll lose $300 bucks….BUT I’m thinking if the market gets worse…and Sirius drops God forbid to 50cents…I could then get 2,000 shares for the same amount of $.
LOL…I dunno anymore. With my luck, soon as I sell those shares we’ll pop back up towards a buck….and if I HOLD instead…I bet we’d fall to that .50cent mark…..mark my words. LOL.
It’s become so crazy I have to laugh. I have ALWAYS been “lucky” with stocks. I’ve never lost my shirt ever. And I’ve made a profit more often than not.
But Sirius is a whole new experience for me.
It’s like a drug….I can’t quit!
Im just a novice and really don’t know anything about stocks, I only bought the stock because I liked the product. If they get refinancing for the February debt at a decent rate will that signal an upward trend in the stock for the long run?
DEIX is 1.15 with a day low of $1. SIRI is .69. DEIX anticipates a big order (and Share Price bump) from SIRI. Without SIRI, DEIX is hurting. Yet, DEIX is still $1.15 and SIRI is .69.
Well Chizzle….it sure wouldn’t HURT. Lol.
In the craziness of this economic environment, who knows how the market would react to such news….
but I’m willing to bet it would at least BEGIN an upward trend.
keep in mind how down right wrong the stock price seems, I don’t doubt that the right kind of news would at least bring it to appropriate levels, but Im no pro.
Then again we All laughed when Goldman said $2.25 a few months ago…and downright SCOFFED when the downgraded it again with a price target of $1…
So I am not cocky enough to admit that there is no way it could go to 50cents or lower given the right conditions in the market and any hint of bad news from Mel.
Face it, at this point ANY news other than STELLAR news from Mel is going to negatively effect this stock.
Having said that…I look at the current pps of 73cents and think WOW….if I had some free cash….
and then i think I said that when we hit $1 and bought more. Lol. ARGH! 🙂
if it hits 50 cents Ill buy a thousand more shares, whats another 500 bucks, right
imromo, there are no pros, just a couple guys with a battle axe in the form of a few hedge funds wailing on this stock along with the retail guys. I agree with most views here that we just need to weather this storm and wait for Mel to get financing and then make your decision at that next juncture. This is definitely one of those stocks where you are on the knife’s edge and, given the magnitude of the company, a lot of money is in play. If Mel comes through on financing with a decent package I think that could be viewed as a HUGE positive given today’s climate. Anything less and I would expect us to stay flat. How much more market cap can you see disappear given the facts today? If I see this stock stablize over the course of a few weeks I could consider averaging down again (I’m around 2.75).. I had to expect given the news yesterday that we would have some follow on punishment spill over until the consecutive days of bad news stops. Best to get this all out of the way over a few weeks, let the dust settle and start a new baby bull. Whoever is left standing is meant to stick around.
I am here to stay.
Win or lose it was my choice.
I bought 1400 more shares today and have averaged down to 1.30
If they find a buyer for anything over 1.30 pshr
I’ll still make a profit.
If the price keeps dropping I’ll just average it down again.
LOL The total worth of the shares I have now (25000 shares) It would make no sense to sell off The damage was done around 3.00 a share.
I’m here to stay win lose or draw.
I’m sorry but doesn’t any who is complaining about SIRI’s stock price find it odd that your doing so on an article about SLACKER’s new portable device?????
What’s with the stock talk? Who cares? Sirius sound quality is terrible and I’m excited about this player since the Slacker service is so good.