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?)