An Investment Bank By Another Name
For conspiracy theorists out there…
just because the white and blue in the Barclay’s sign matches Sirius’ colors, there is no known indication that Barclay’s will be involved in the financing being sought by Sirius XM Radio.
Position – Long Sirius
so what, we dont need them anyway, they tryed to put siri down every chance they had, glad they went under and i hope cramer goes with them.
And here sirius had almost a year to plan for a big unveiling, what did it take Barclays, one week? And we still don’t see any indication Sirius XM merged 55 days ago…
imromo,
that I don’t get either….
as a Sirius customer, if it were not for the fact that I am a shareholder, I might not even know that they merged.
A couple of my friends asked me when the two company’s were going to merge. They listen to sat rad a lot so I was surprised to hear them ask!! I think the average person does not know about the companies merging.
horrible job of letting everyone know, thanks mel lets go.
All across the board there are questions that need to be answered.
I am at a loss of words.
What do you want them to tell customers?
They don’t have anything new to offer (yet!) current or potential subscribers as a merger company.
I just want them to axe anything that doesn’t provide added value to the merger company. And I really hope they will consolidate into one office in the next year or two.
On the bright side, the stock can only fall another 85 cents……..Now that is what I call a limited downside.
JS:
Totally agree. Even if they went on a media blitz for increasing awareness across retail, what would the retailer find when he went to the store?. Nothing but confusion.
They are doing the right thing, saving tens of millions until they have a product to market.
It’s not like they are going to run a few commercials causing the massses to go out and buy new cars because of SatRad…..
This is the worst atmosphere to be pushing on a string & waste $ on advertisements. The subs & cash gained are coming from cars being delivered to lots and cars being purchased and/or free trials being converted, which does not take marketing $’s for the majority. They must see that the bang for the buck is not there right now and are saving it to when all ducks are in a row, products in stores, capabilities for best of, ala cart are fully in place. 1st week of October would be the earliest, which is not far away. Let’s also hope we have the bank term loan in place by then as well.
JS, Sailboat,
I agree on holding off the massive media campaign but the “best of” better get some attention Oct 6 because that’s what a huge portion of the hype was centered on…joining content. Gotta get people who were on the fence for sat radio who already have the idle equipment in their car to now get convinced and turn it on. I see the more massive campaign focused on the new retail ala carte equipment that is supposedly just around the corner.
In this tighter economy the 6.99 alacarte for some ad free content should be a nice sell. I can see the Ad now.. 7 songs on itunes OR a whole month of …. then fly through thousands of artists jamming it out. The price difference between 6.99 and 12.99 as silly as it sounds I think will win over a large audience who don’t necessarily care about howard or sports.
FCC,
I would “guess” 50% of additional revenue for best of and alacarte comes from existing customers that want to enhance their experience (LOL), and the other 50% is from attraction of new customers. They should be targeting the existing customers by sending mailers and advertising on both XM and Sirius.(I’m not a customer and don’t know if they advertise on certain channels). I would also think disc jockeys are pumping it.
After reading your post again, I agree there can be considerable revenue by getting cancelled subs re-interested by introducing the new services, but they should already know who they are and don’t need to advertise.
I guess we got a little sidtracked on Tyler’s blog about Leehman.
ended afterhours at .89, so hopefully headed back to $1.00 soon.
Buffet to invest 5 bil to GS
Google can advertise the G1 phone before its available, Im sure Sirius XM could throw out some teaser material to get buzz started…
Google has $12 BILLION in cash. Big difference!
siri almost ceased trading today – pathetic.
I’ve read all the posts. No announcement of merger. What happened to the labor day teleconference. If you folks don’t see the writing on the wall yet, God help you.
“A fool and his money are soon parted”
any insight into the above comment SXMInvestor?
I think he’s talking about volume. Until there’s some news to trade on, I would expect this stock to just do the sideways shuffle which is a better dance than the toilet bowl boogy.
That Barclay’s building is right across 49th Street from Sirius, by the way.