Mark Wienke of Goldman Sachs Issued reports on XM and Sirius Satellite Radio today. The analyst sees XM as a sell with a 12 month price target of $11.50. Wienke sees Sirius as a sell with a price target of $2.25. REPORT EXCERPTS FOR XM XM: In-line 1Q08,… → Read More
Satellite Radio Earnings Reports
Sirius and XM both reported earnings today, and while the results were not stellar, there are many metrics which are scaling in a manner that helps demonstrate the viability of the SDARS business model. Costs are under better control and both companies are seeing the benefits of their… → Read More
XM’s Quarter Better Than What Headlines Read
The Headline Does Not always tell the story. “XM Losses Expand. Estimates Miss As SAC Increases” The headline is technically accurate. XM’s loss did expand, and SAC was higher. The question though is whether or not the performance in Q1 of 2008 is good for the company going… → Read More
XM Announces Q1 Results
XM Satellite Radio announced their Q1 2008 results today, and while the headlines read a miss in the numbers, the reasons behind the miss are what really needs to be considered. The street was expecting a loss of 39 cents per share. XM came in with a loss… → Read More
Urgent Need For SDARS Spectrum Identified
The proposed merger of Sirius and XM Satellite Radio has brought to light an urgent need for additional satellite radio spectrum. Only 6 years ago, when the concept of SDARS was barely breathing, no one seemed to care about satellite radio. Companies and interest groups alike paid no… → Read More
NAB Meets With FCC
The National Association of Broadcasters has had a meeting with the FCC. Interestingly, the positions of the NAB, when thought about from a business perspective seem odd. #1 The NAB states that the merger would harm consumers by removing incentives that XM and Sirius currently have to offer… → Read More
Latino Organization Seeks 15% Of SDARS Spectrum
Another organization has come forward in an effort to seek spectrum as a concession in the proposed merger between Sirius and XM. The National Hispanic Media Coalition stated in a letter to the FCC that should the merger be approved that 15% of the spectrum should be set… → Read More
Minority Media And Telecommunications Council Meets With FCC
The Minority Media and Telecommunications council recently had a meeting with the FCC regarding the proposed merger between Sirius and XM Satellite Radio. In their filing with the FCC, the MMTC noted that they were asked to comment on the merger. The MMTC response was: “MMTC has not… → Read More
LSI Has No Relationship With Sirius
Despite the fact that a chip in the Starmate 5 carries the LSI name, there is no contractual relationship between LSI and Sirius. LSI informed us of this today and provided us with a press release detailing the sale of their mobility business to Infineon. For their part,… → Read More
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