cnbc liberty interview on sirius ...link
http://www.cnbc.com/id/15840232?video=1058296007&play=1
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cnbc liberty interview on sirius ...link
http://www.cnbc.com/id/15840232?video=1058296007&play=1
Here is how the rss feeds have it reported, and RTT is likely one of the best as far as no spin.Quote:
Originally Posted by Brandon Matthews
(RTTNews) - Sirius XM Radio Inc. (SIRI: News ) reported a GAAP net loss of $245.8 million or $0.08 per share for the fourth quarter, compared to a loss of $166.2 million or $0.11 per share in the prior year quarter.
Pro forma net loss narrowed to $248.5 million from $405.0 million in the fourth quarter 2007.
Total revenue increased to $622.2 million from $249.8 million in the year-ago quarter.
Fourth quarter pro forma revenue was $644 million, up 16% from $558 million in the preceding year quarter.
Analysts polled by Thomson Reuters expected a loss of $0.07 per share for the quarter on revenue of $629.80 million.
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by RTT Staff Writer
Thanks Brandon . . . do you have access to the WSJ article?Quote:
Originally Posted by Brandon Matthews
I haven't checked yet. Keep an eye on drudge...they always make it available in its entirety..Quote:
Originally Posted by Sirius Roadkill
After watching the liberty video, I'm beginning to wonder if the way to play sirius might be to buy liberty...even as a hedge?
business as usual, on their way to becoming profitable and bk out of the way, so why we at .15 again? we will see over .20 by end of week.
I just watched the CNBC/Maffei interview again . . . I gotta admit, this guy is really growing on me . . . seems like a steady-hand in a storm; smiling through the tough questions, nonconfrontational
hated to give up 40% but I kinda like this guy as a partner . . may he can bring some of the fresh outside the box thinking that current mgmt lacks
This guy may be the new face of the company . . and I will not be unhappy if that is the case.
Bradon wrote: This company is heading in the wrong direction.
Far Away wrote: Guys Melone is a fool that after knowing all this he is throwing his money into drain.
Anyone kowns who is stupid?
WSJ posted a correction:
("Sirius XM Radio 4Q Loss Widens On Merger Costs," published at 6:09 p.m. EDT, incorrectly stated the number of subscribers in the ninth paragraph. The correct version follows.)
DOW JONES NEWSWIRES
Sirius XM Radio Inc.'s (SIRI) fourth-quarter loss widened on costs related to the merger of Sirius and XM Radio.
The satellite-radio company was perilously close to bankruptcy last month, before media titan John Malone's Liberty Media Corp. (LINTA, LINTB) lent it $530 million for a 40% stake.
Sirius XM, formed in July when the U.S.'s two only satellite-radio companies merged, faces a mountain of debt and has been hurt by the sharp downturn in U.S. auto sales, a large source of subscribers.
Filing its delayed annual report with the Securities and Exchange Commission, the company said its net loss widened to $245.8 million from $166.2 million. The per-share loss narrowed to 8 cents from 11 cents, reflecting fewer shares outstanding.
The latest results included $83 million in merger-related costs and a $15 million write-down of goodwill.
Revenue more than doubled to $622.2 million because of the inclusion of XM Radio's results.
Analysts' estimates were for a loss of 7 cents a share on revenue of $615.5 million, according to a poll by Thomson Reuters.
Operating expenses grew 54%, with much of the increase due to the merger. Revenue share and royalties jumped 82%, while customer service and billing costs more than doubled.
The company ended the quarter with 19 million subscribers, up 10% from a year earlier.
Average revenue per user was $10.24, up 1.9% because of the start of "best of" package sales and a lower mix of prepaid subscriptions from auto makers.
Subscriber-acquisition costs rose 13%, but SAC per gross subscriber addition fell 32% to $59 on lower retail and manufacturer subsidies. Customer service and billing expenses per average subscriber also slid 4% because of greater efficiency.
Sirius' shares rose 3.4% to 15 cents in after-hours trading. They have fallen 96% in the past year.
-By Kathy Shwiff, Dow Jones Newswires; 201-938-5975; Kathy.Shwiff@dowjones.com
I do. ME. 95,000 shares worth of stupid.Quote:
Originally Posted by Far Away
Quote:
Originally Posted by Brandon Matthews
BINGO!!
That is my thought EXACTLY!! I think you have this one nailed!
But I wish you hadn't published that post until we had time to load up (or did you already load?)
They do an awful lot of ****ing "envisioning" and not a whole lot of doing. Time has passed them by, unless they have a huge rabbit they are about to pull out of their hats in the next 30 days.Quote:
Originally Posted by Sirius Roadkill
The negative press leading up to the end of 2008 was crippling to this company plain and simple. Market-moving-little-geek-entertainment-lovers COULD NOT CARE LESS ABOUT SIRIUS XM.
200 million ipods have been sold... did they depend on car sales?
The management in place at Sirius XM is truly laughable. You longs need to realize this. Stop drinking the Kool Aid guys, they had a loss in retial. My local circuit city had nothing but usb cables, dvd's, and satellite radio units left on the last day. THE LAST DAY!
Brandon - How easily you mentioned that company is moving into wrong direction.
Everyone knows the 4Q results of giants like GE, Toyota so, you mean they are also moving into wrong direction?
Actually...I just sold...Quote:
Originally Posted by Sirius Roadkill
I'll buy them back in a few days. The conference calls are usually very negative in that the analyst questions always seem to focus on the negative aspects of a report.
I know sirius will speak of puerto rico and opening up the service worldwide on the internet, which are suggestions I have written about numerous times, but with only a few weeks to go in this quarter, any plan is not going to come to fruition until at least the second quarter. First quarter results are going to as bad as we have ever seen, and I think they'll beat the stock down as the analyst forecast models are lowered once again.
It may be up now, but I think its going to tank tomorrow and thursday.This is one surprise we didn't need...we could have had a nice run up for another week.
I guess I am even stupider (spell check please) than you.Quote:
Originally Posted by KingFreep
True Charles, true . . but I am not going to hold that against Maffei. We know that Mel et al have been a complete and utter disaster in that regard. I don't know if it IS too late . . . but maybe Maffei can exert some positive influence in the area of technology and distribution.Quote:
Originally Posted by SiriusBuzz
The fact that Mel was not mentioned in the CNBC interview is very telling to me . . . Mel may be riding off into the sunset sooner than anyone thinks.
The delivery platform is still there Charles . . . lets see what Liberty can do with it.
bidding higher over .15 after hours - worst may be behind themQuote:
Originally Posted by Brandon Matthews
Dude... they had negative retail. Is that the right direction?Quote:
Originally Posted by Far Away
Personally, I think SIRI stock will stay where they are for a long while until the Auto Industries turn around and do better AND half of those people who had lost their job find a job back to work....Then, i think the stock will jump above 20.......cents...
Look what happened to blockbuster throwing all that money at trying to play catchup. I think I heard that they spent almost a billion to develop a netflix like service to play catchup and what did it get them? Its going to cost this company too much money to compete in the areas that it let pass by.... money it doesn't have.Quote:
Originally Posted by Sirius Roadkill
BBI
NFLX
An d that is my greatest concern with Sirius. They do ABSOLUTELY NOTHING to market their own product. They rely on co's like GM to market their product, and ride the oem's coat-tails. A billion dollars worth of talent that gets no promotion at all. The pisser is the cash they have on hand. They could advertise but they don't. They don't advertise the NFL in football season, they don't advertise Martha or Oprah or Howard. NOTHING!Quote:
Originally Posted by SiriusBuzz
If they spent the ad dollars they made on promoting their own company, there would be NO decline in retail subs.
Want a freakin' ad idea Mel. Here's one....
"Get Sirius! And hear what you've been missing!"
That'll be a million dollars. I take checks...