yeah, and that would be great for both SIRI and AAPL. Definitely makes sense, and Letterman plays to the right demographic for this too.
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My god, I know this is a spec stock and all but please can you people stop. I said nothing about the app being out today because that was at least a little possible. Now that Apple is done, I think it is time to get real. You guys are just depressing yourselves more and more when it does not happen. SIRIXM said by the end of the 2nd quarter so that means they have til June 30th.
looks like we are going to get a bullish close.
to me the ap should be rdy by now, just waiting on 3.0 release, as apple said thousands of apps will be availableon the 17th, this could include siri's app, and why not speculate i can handle it can you?
i think its a big deal just to have howard back on letterman pumping sirius again. im sure he will make some mention of iphone ap.
Not reacting to what you said....just discussing the missed opportunity of climbing aboard today's Apple hype. We all realize 'end of June' per their earlier announcement on the app.....but......we'd all like to see SXM capitalize and leverage the huge publicity that Apple brings to bear. That's all...just sayin'.....
Perhaps via Howard on Letterman, perhaps on June 17, who knows. but, would be nice for SXM to ride someone's big marketing coattails....that's all.
Thanks for bringing that up again .. I'm still assuming that payment comes out in Q-3 cuz the launch is set for 1st week of August I think:
Here's the pertinent part of the interview once again:
Faber: -- BUT LET'S TALK ABOUT THE FUTURE HERE.
Karmazin: AND I THINK THAT IS THE FUTURE, OKAY? I THINK THE FACT THAT WE HAVE IDENTIFIED IMMEDIATELY $400 MILLION OF SYNERGY ON VIRTUALLY EVERY LINE ITEM OF THE P&L, SYNERGIES THAT WE ARE VERY, VERY CONFIDENT TO BE ABLE TO DELIVER NET OF THE COST BEFORE 2009. SO WHEN YOU TAKE THAT SYNERGY AND YOU ADD IT TO THE COMBINED COMPANY, YOU GET, FOR THE FIRST TIME, POSITIVE EBITDA. NOW, IN MY OPINION, POSITIVE EBITDA ISN'T THE SAME THING AS MAKING MONEY.SO, WE'LL HAVE $300 MILLION OF EBITDA IN 2009, AND BUT FOR A PAYMENT CONNECTED WITH THE SATELLITE, SIRIUS IS PUTTING UP A NEW SATELLITE IN '09, AND WE HAVE ONE PAYMENT -- BEFORE THAT SATELLITE, WE WILL BE FREE CASH FLOW POSITIVE.
Faber: OH, MY GOD, FREE CASH FLOW POSITIVE. YOU KNOW HOW MANY TIMES I'VE BEEN ASKING YOU THIS QUESTION, WHEN ARE YOU GOING TO BE FREE CASH FLOW POSITIVE? SO ARE YOU ANSWERING IT OR NOT?
Karmazin: I'M ABSOLUTELY ANSWERING IT, AND WE WOULD HAVE BEEN FREE CASH FLOW POSITIVE AT SIRIUS, FOR SURE. IT WOULD HAVE TAKEN US LONGER, BUT ONCE THAT PAYMENT IS DONE IN '09, YOU SHOULD THINK ABOUT SIRIUS AND YOU SHOULD THINK ABOUT VALUING SIRIUS. YOU KNOW, WE CAN TALK ABOUT WHAT THE COMPANY COULD BE WORTH OR ISN'T WORTH, BUT WHEN YOU'RE GOING TO VALUE OUR COMPANY, YOU'RE GOING TO VALUE US ON FREE CASH FLOW, BECAUSE THAT'S WHAT WE'RE RUNNING THE COMPANY FOR. AND THIS COMPANY COMBINED IS A COMPANY THAT WOULD GENERATE A LOT OF FREE CASH FLOW, AND THAT FREE CASH FLOW IS GOING TO CONTINUE TO GROW.
Here's the link to the full CNBC interview in case anyone wants it:
http://www.cnbc.com/id/25978164//
early July launch:
"The rocket Proton-M with the booster block Breeze-M and American telecommunication satellite Sirius FM5 will be launched in the beginning of July, 2009.
Sirius FM5 was made by company Loral (Space Systems Loral) on the basis of the platform LS-1300 by the order of the American operator Sirius-radio (Sirius XM Radio Inc). The satellite will work in the geostationary orbit for 15 years, providing telecommunication services."
Here is the link to the source for the above excerpts:
http://eng.gazeta.kz/art.asp?aid=132304
That was a big disappointment!
positive close, we hung around .3391 the whole presentation, then at the end as it neared completion it slipped and bottomed at .335, so good to see it rebound...
You cant miss an opportunity if there never was one. SiriusXM OBVIOUSLY wasnt asked to present. They have no control over Apples board last time I knew, so they didnt miss anything, unless they declined the offer. Which would be dumb, and I doubt they would have done that. So its only a fictional missed opportunity created in peoples hopeful heads. Not reality. A missed opportunity would be SiriusXM not being ready by the release date. Then I would complain, yes, To high heaven I would complain.
Drum Roll Please -http://bits.blogs.nytimes.com/2009/0...er=rss&emc=rss
Apple rolls out a new faster iphone - SIRI needs to announce this week to capture the buzz.
Again, that's not the point. Yes, Apple calls the shots on who presents at their conference. The point is this: the conference was not a surprise event. We (and by we, I mean me and others here who have posted about this) are simply saying, it would have been great if SXM made a big announcement today or tomorrow during this Apple conference, which creates a lot of hype. That is missed opportunity. Not fatal, but it is a miss. I guess what troubles me about this is that if the app were ready, they'd announce details and release date (unless Howard is doing so on Letterman, which would be awesome, and then obviously a great marketing plan). So, either it is not ready, or they have another marketing idea. We'll see.
Ok, I see your point. But what if Apple purposefully delayed the approval to make sure SiriusXM didnt try such a thing. I doubt it, but its possible. Or what if they have Howard doing it, another good point, true. Exactly. Or they are still awaiting approval, maybe it comes in 2 days, 3 days, we dont know. Im just buying if it goes lower, and being patient. Still cant believe how dumb the MM's are for allowing such a low buy in point. But I suppose not enough retailers are taking advantage, hence why it remains here. MM's and institutions have time and patience, we dont knwo their buying schedule or plans. We just have to be faithful that our patience will be rewarded. guess no way of really knowing for sure. Hence big gains are never easy.:D
Its time to stop being so surprised.
1. I said all along that Apple would not make a big deal about this sirius xm application. They have no reason to do so.
2. People say that a $2 increase for Sirius XM is no big deal and that "people don't mind paying $5 for their fancy lattes." Starbucks profits have dropped more then 75%. So, people do mind.
3. I just bought a case of Poland Spring water and the wrapping says "drink less soda!"
Carefull keysmark,i'm a spring water crazy nut,haven't haD TAP IN DECADES..
And yes i can and have had taste test's done and 100% of the time can pick Spring ewater out of tap water..now notice i said Spring water,not that Dasani tap water crap or so called purified water.they are a joke..
:D :D