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http://www.marketwatch.com/news/stor...06AACF28006%7D
JetBlue Expands in the Empire State: Airline Now Largest Carrier At Westchester County Airport
Nov. 3, 2008
"All JetBlue service from Westchester County is operated with quiet, fuel-efficient, and full-size jets that boast 36 channels of DIRECTV(r) programming at every seat -- the most free live television of any airline -- in addition to more than 100 channels of XM Satellite Radio, all-leather seating, and industry-leading legroom."
Mel Karmazin needs to save this dog....
http://www.prnewswire.com/cgi-bin/st...4916356&EDATE=
Animal Charity Takes a Star-Studded Silent Auction Online
"Sponsors of the DogCatemy Celebrity Gala include Red Carpet/Presenting Sponsor Rachael Ray Nutrish and supporting sponsors Antares InformationTechnologies, Mel Karmazin Foundation, Frontline Plus, Physicians'Reciprocal Insurers, Fifth Avenue Veterinary Specialists, Dog Fancy, Cat Fancy and City Tails"
Blame the lawsuit you guys wanted, drove the stock off the Clift, hope you wanted to save the stock, ya killed it
This lawsuit is KILLING the stock price. Why would Mel ANNOUNCE to the world that he wanted to take the company private if he really were? Wouldn't he keep it secret? Maybe he wanted to make the company seem attractive to potential buyers... The lawsuit is all over the headlines on the company news...
Does anyone know what cause and affect is with stock prices? I'm sorry to say but this lawsuit is not the cause of the share price going down. It's something else. Does anyone know what it is?
Time is now to buy buy buy
http://www.workers.org/2008/world/korean_workers_1106/
After mass firing
Korean workers come to the source
By Deirdre Griswold
New York
Published Nov 2, 2008
When 300 women workers who manufactured SIRIUS satellite radios in Seoul, South Korea, were all fired for forming a union, they vowed to fight for their jobs.
That was on Aug. 5, 2005—more than three years ago—and they are still fighting.
In mid-October, a delegation of six people from the Korean Metalworkers Union visited New York to seek justice from SIRIUS. For days, they and allies from Korean community and labor groups picketed the firm’s corporate headquarters in a gleaming glass and steel building near Rockefeller Center, trying in vain to get the company to sit down with them. They wanted to know who was responsible for the decision by SIRIUS’s Korean affiliate, Kiryung, to fire the workers.
“On June 7, 2008, Kiryung had come to a tentative agreement to reinstate us as contingent workers,” Hyewon Chong, one of those fired, told Workers World. “We would become regular workers one year later, so the union agreed. But then the company said its board of directors refused. So the workers started a hunger strike. Two of the women fasted for 94 days and were hospitalized.
“During the bargaining, Kiryung Co. said it had been told by SIRIUS to close all production lines in South Korea and move to China.
“They told us lies. They said there were no production lines left in Korea, so we can’t reinstate you. But we investigated and found five other production sites. Because the company keeps lying and makes no effort to settle, we’ve come here.”
The women found out that at exactly the same time they left South Korea, the company sent goons to the site of the workers’ sit-in outside the factory gates to beat people up.
More than 64 percent of all workers in South Korea are considered “precarious”—that is, they have no contract, no seniority and no rights. The Federation of Korean Industries argues that it has to be able to fire workers at will in order to be “flexible.”
A major reason the Kiryung workers decided to form a union was the company’s arbitrary firing policy. “There was an endless stream of dismissals for the pettiest reasons,” explained Chong. “The boss just had to say he didn’t like your face, or you were too fat, or you had asked to go home early. We were dying of overwork but were afraid to take a day off if we were sick, so people took over-the-counter drugs to keep working. When one colleague collapsed, the boss said, ‘Go home and rest and don’t bother to come back.’ The fear of firing gave the company lots of control over people.”
SIRIUS makes satellite radio receivers and has contracts with some of the world’s biggest auto companies to install them in its cars and trucks. It also provides commercial-free programming for a fee and recently merged with its main rival, XM, to create the second-largest subscription media business in the U.S.
“The repression against us is so extreme because this struggle is symbolic for millions,” says Chong. Indeed, companies like SIRIUS think they can dictate horrendous wages and working conditions all over the globe, threatening to move from country to country if workers organize and resist.
The Kiryung workers traveled halfway around the world to reach out for support. Workers here and their unions will be advancing their own struggle against rapacious corporations by responding.
Articles copyright 1995-2008 Workers World. Verbatim copying and distribution of this entire article is permitted in any medium without royalty provided this notice is preserved.
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http://www.impactwrestling.com/Content.aspx?ID=21763
Chris Jericho Speaks on His Relationship with Vince, Family Life, More
11/3/2008
"I got fired by XM radio because I was insulting Oprah. That damn Oprah got me axed from XM radio,”
http://www.fmqb.com/Article.asp?id=965949
Sirius Shareholders Sue Sirius XM Radio Management
November 3, 2008
A group of Sirius shareholders, upset with CEO Mel Karmazin and the state of satcaster stock, have filed a lawsuit against Sirius XM Radio management. The group, calling themselves "Save Sirius," accuses the satellite radio company's management of violating the Federal Racketeer Influenced and Corrupt Organizations Act (RICO), Breach of the Fiduciary Duty and The Sherman Act. It also seeks to prevent Sirius XM from "further damaging its shareholders with massive amounts of additional dilution" of its stock, including the potential "reverse split" of its stock.
"We are working to gain control of our company by seeking to remove current members of the board as well as top executive Mel Karmazin," said Save Sirius spokesperson Michael Hartleib. He also references a Wall Street Journal interview with Karmazin from September, where the CEO mentioned he would consider taking Sirius XM private.
Hartleib continued in the statement, "It is clear that management under Mr. Karmazin's leadership has an agenda to steal this company from its shareholders." He added, "In light of the aforementioned, it is clear that they have lost sight of their obligations to shareholders and have breached and will continue to breach their fiduciary duties in the future. We, as a group, will not stand for this and will use any means possible to prevent and preclude them from stealing this company from its rightful owners -- we the shareholders."
You can view the entire lawsuit at this orbicast link..
you will see download doc to read it all.
http://www.orbitcast.com/archives/sh...radio-inc.html
SIRI closed red again today @ .31...........
I think it was the car sales #'s from Ford & GM that caused the drop today, not the lawsuit.
Yes it was car sales and fear of the unknown... sirius gets bad news and down grades everyday, so we are stuck in the mud even with the market going up.. but be glad we havent had down markets we could be .22$ again:scared:
AND LETS GO STEELERS 10-6 HALFTIME.. STEELERS D LOOKS GOOD BIG BEN AND THAT OFFENCE SUCKING ONCE AGAIN..:annoyed:
http://www.alleyinsider.com/2008/11/...bad-news-siri-
Sirius XM Hosed By GM's Bad News (SIRI)
Dan Frommer | November 3, 2008 6:20 PM
So goes the auto industry, so goes Sirius XM Radio, which relies on new car sales with built-in satellite radios for the bulk of its new subscribers.
So when the auto industry has its worst month, adjusted for population, in the post-World War II era, it's no surprise that Sirius shares took a dive: While the Nasdaq traded up 0.3% today, Sirius XM (SIRI) stock closed down 8.3% to 31 cents; it had dropped as much as 13% before recovering.
After Hours Trade Reporting
After Hours
Last: $ .32
After Hours
High: $ .3237
After Hours
Volume: 272,701
After Hours
Low: $ .31
Good Morning people........
SIRI trading up a couple cents this morning - is it just another tease? What bad news can there be left to come out? Analysts say it should be a penny stock, car sales fall off of a cliff, shareholders are suing management, credit market sucks, more dilution, possible reverse split announced, sweatshop workers protest, consumer spending way down............
What's next? Satellite radios cause cancer?
http://www.mediapost.com/publication...&art_aid=94039
Getting Sirius: Satcaster Charged With Racketeering
by Erik Sass, Tuesday, Nov 4, 2008 8:32 AM ET
The newly merged Sirius-XM satellite radio company has been sued by shareholders of the formerly independent Sirius Satellite Radio--who are accusing top executives, including CEO Mel Karmazin, of deliberately torpedoing the company's stock price in a bid to take it private at a discount.
The lawsuit, filed by a group called "Save Sirius" on behalf of 500 Sirius shareholders, says that Karmazin and other executives knowingly sabotaged stock values in a way that violates the Racketeer Influenced and Corrupt Organizations (RICO) Act, as well as breaching the Fiduciary Duty and Sherman Act.
Michael Hartlieb, speaking for Save Sirius, noted that Sirius shareholders have lost more than 90% of their value under Karmazin's management. From a peak of around $7.70 per share in 2004-2005, the stock price of Sirius has declined steadily to about $0.31 in early November, a roughly 95% drop.
The lawsuit accuses Karmazin and other executives of deflating the stock price to make it easier to take the company private, through a number of measures including a prolonged merger process, failing to give other corporate suitors a hearing, neglecting to introduce interoperable radios and issuing XM shares to financiers who then short-sold the stock.
This isn't the first time that shareholders have taken up legal cudgels against the satcasters.
Hugh Panero, the CEO of XM, ran afoul of XM investors and the Securities and Exchange Commission for certain allegedly illegal stock transactions in 2005. A group of XM investors filed a lawsuit (later dismissed) against Panero and four other XM executives in May 2006 over the sale of $79 million of stock the year before.
Panero and the other executives were accused of issuing false forecasts of overall subscriptions and the average cost of new subscriber acquisition to inflate stock prices in the six-month period before they sold their stock. A federal judge dismissed the case in March 2007.
http://www.theiphoneblog.com/2008/11/04/sonos-iphone/
Sonos for your iPhone
Posted on Tuesday, Nov 4, 2008 by Chad
http://www.theiphoneblog.com/images/...nos_iphone.jpg
"...I can access any shared music files on my personal computer including my itunes library. Beyond that the music selection is near limitless. I can access several on-line subscription services (free 30 day trials included with the purchase). Rhapsody, Pandora, Napster, Sirius, and 1500 pre- loaded internet radio stations, all from my handheld controller(s)! I can search via all the expected criteria, and build Pandora stations right from the controller! The Sonos system transmits this data wirelessly from a sending unit my router out to each room, or “zone”. In each room is a Sonos receiver/amplifier connected to various speaker types depending on the specific room. This is where it gets fun. With the controller I can turn each zone on or off, select the music of choice, and control the volume of each zone independent of one another! I can “link” zones to have them all playing the same music, or not!"
http://www.digitalhome.ca/content/view/3052/281/
Pioneer XMp3 radio now available in Canada
TUESDAY, 04 NOVEMBER 2008
http://www.digitalhome.ca/images/sto...oneer_xmp3.jpg
XM Canada, Canada's number two subscription satellite radio service, today announced the Pioneer XMp3, a portable satellite radio and MP3 player in one, was now available in Canada.
Weighing in at just 3.1 ounces, the new XMp3 has a larger and easier to read colour display than the Pioneer Inno XM satellite radio which it replaces in the XM Radio line-up.
Features of the new units include a wheel for quick access to XM channels; the ability to record up to 5 channels simultaneously; TuneSelect and GameSelect to find your favorite artists or sports events on any XM channel; ability to upload music files from your PC and the ability to store music file on a removable microSD memory card.
The XMp3 is also the first portable satellite radio Program Guide that displays broadcasts on each channel two weeks in advance.
The XMp3 will sell in Canada in $279.
Ok, so the dow is up 238 and SIRI is struggling to stay green again.......so sad.
Pivot Table
R2 R1 Pivot S1 S2
0.37 0.34 0.32 0.29 0.27