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  1. Krypto1 is offline
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    Joined: Sep 2008 Location: Los Angeles Posts: 21
    10-16-2008, 01:13 AM #71

    Wible will land on his feet!

    Analysts are in a low job security gig right now, lots will lose jobs and the deck will get reshuffled. I think we have not heard the last of Tony. The next 2 years will prove him right & I hope the best for him. Looking at SiriusXM in the short view will drive us all insane - if we look out further, there are more reasons to stay put & positive. The market has a short memory, and todays disapointment often turns into next years success story. Picking darkhorses is just not the soup of the day right now. Being really careful what you say is the ticket... problem is that by the time sentiment changes and the general investing public gets back on the sat radio bandwagon, the money has already been made by investors that take a more independent view. Warren Buffet and many others like him are worth their salt because they are not swayed by irrational fear. They get while the getting is good... and it is good right now. In 10 years,SiriusXm will be an expensive equity, or part of another expensive equity, and nobody will remember this downturn. Look at the fundementals, management, quarterly metrics, and do not get caught up in the rest. All will be well in the end

  2. imromo24 is offline
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    Joined: Aug 2008 Location: Steeler Town, MI Posts: 2,524
    10-16-2008, 10:46 AM #72

    xmp3 official launch

    the xmp3 officially launched today. hopefully we start seeing a holiday add campaign

  3. Greenland is offline
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    Joined: Jul 2008 Location: nation's capitol Posts: 119
    10-16-2008, 11:00 AM #73

    man oh man

    this stock reminds me of the water rides of theme parks. up and down , and then splash , water logged , and drowning. where's the life jacket ?

  4. Demian is offline
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    Joined: Oct 2008 Posts: 2,320
    10-16-2008, 12:13 PM #74
    SIRI trading down about a penny @ about .41 with the Dow down 112 points...

    Press Release Source: SIRIUS XM Radio

    XM and Pioneer Introduce the Wearable XMp3 Satellite Radio: Record What You Love, Listen When You Want(TM)
    Thursday October 16, 10:00 am ET

    Wearable XM radio and MP3 player receives live satellite radio and lets consumers record up to 100 hours of XM programs and the 'Best of SIRIUS,' record multiple channels simultaneously, auto-record, pause and replay

    XMp3 also features new XM2go Music Manager for organizing content and micro-SD card slot for additional MP3 storage

    NEW YORK, Oct. 16 /PRNewswire-FirstCall/ -- SIRIUS XM Radio (Nasdaq: SIRI - News) and Pioneer Electronics (USA) Inc. unveiled the new XMp3 wearable satellite radio and MP3 player today. The XMp3 is the lightest and most compact wearable live satellite radio and the first with simultaneous multi-channel recording capability. It also features a Programming Guide providing subscribers more ways than ever to discover and record their favorite content as well as the "Best of SIRIUS." The XMp3 has a micro-SD card slot for additional MP3 storage and includes the XM2go Music Manager software for organizing content....

  5. Demian is offline
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    Joined: Oct 2008 Posts: 2,320
    10-16-2008, 12:17 PM #75
    The NDAQ just went green and SIRI is trying to down a fraction of a cent.

    DOW and S&P now green too.....SIRI trading flat.

  6. Demian is offline
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    Joined: Oct 2008 Posts: 2,320
    10-16-2008, 12:20 PM #76

    Thursday, October 16, 2008 - 10:03 AM EDT
    Sirius XM makes cuts to XM in D.C.
    Washington Business Journal - by Darlene Darcy and Tierney Plumb Staff Reporters

    Sirius XM Inc. has laid off at least 50 on-air and off-air employees in D.C., according to several published reports.

    Officials with Sirius XM in D.C. and New York did not return calls or e-mails seeking comment.

    XM Satellite, which became a wholly owned subsidiary of New York-based Sirius XM after the $3.3 billion merger, kept its D.C. broadcasting headquarters under the deal.

    In a voice mail message, David Butler, a spokesman at XM in D.C., said his last day at the company was Oct. 10.

    The company has already announced a “best of both” line-up for XM customers, which includes additional Sirius programming options.

    Sirius XM Chief Executive Mel Karmazin has started the belt tightening while assuring Wall Street analysts Tuesday at the Media and Money Conference in New York. He assured analysts that his sputtering satellite radio company will eventually turn a profit.

    Karmazin just has to refinance more than $1 billion in debt amidst the U.S. credit drought.

    Sirius XM has $1.1 billion in debt due in 2009, $300 million of which is due in February.

    The company’s stock (NASDAQ: SIRI) has faltered, closing below $1 a share since Sept. 22. Shares closed at 42 cents apiece Oct. 15.

    Nevertheless, Karmazin told analysts that he expects revenue streams -- despite low auto sales -- to deliver $300 million to $400 million in revenue next year.

    Billy Zero, program director at XMU (Channel 43), and the alternative music channel’s “Dean of Music” Tobi were among those put on the chopping block.

    On the XMU Nation Web site they said they “have enjoyed the years of love, music, fun and passion we have exchanged with our friends in music.”

    The merged company’s 19.5 million subscribers make it the second-biggest subsciption-based media company, after Comcast.

    “We’re probably one of the top 25 media companies today,” said Karmazin on Oct. 14, according to CNet. “I think it’s very clear that we will be the most successful company in the audio entertainment industry. I know certainly, as ranked by revenue, we’ll be there soon. Now we just need to grow our free cash flow and demonstrate that.”

  7. Demian is offline
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    Joined: Oct 2008 Posts: 2,320
    10-16-2008, 12:32 PM #77
    Market starting to tank again with the S&P now in the red. SIRI trading flat....

    This XMP3 news release seems to be moving around the news wires...

    *DJ XM And Pioneer Introduce Wearable XMp3 Satellite Radio

    . Ę (MORE TO FOLLOW) Dow Jones Newswires (201-938-5400)Ę October 16, 2008 10:00 ET (14:00 GMT)Ę Copyright (c) 2008 Dow Jones & Company, Inc.- - 10 00 AM EDT 10-16-08

  8. Demian is offline
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    Joined: Oct 2008 Posts: 2,320
    10-16-2008, 01:18 PM #78
    I was the first to comment again under the most recent Motley Fool garbage posted in the Yahoo SIRI news section...

    On October 15, 2008, at 6:40 PM, DemianBohemian wrote:

    You have got to be kidding me... Why is this posted in the Yahoo SIRI news section? What does this have to do with SIRI? Answer = nothing! Another worthless article from the Motley Fool fishing for hits. These are the same guys who were recommending XM over $30 and then now bashing the combined company at .43. Listening to these guys will lose you money. They pump speculative stocks like JADE and then bash those same stocks after huge declines.
    Quit putting the SIRI ticker symbol in your articles day after day unless you have some worthwhile analysis...

  9. Demian is offline
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    Joined: Oct 2008 Posts: 2,320
    10-16-2008, 01:30 PM #79
    You would think all this job cutting news flow would help the stock?

    October 15, 2008, 5:32 pm
    Sirius Reportedly Cuts 80 Former XM Staff In Washington
    Posted by Eric Savitz
    Sirius XM (SIRI) has laid off about 80 former XM employees based in the former XM headquarters in Washington, D.C., according to the Washington Post.

    The Post says that the cuts included “many of the on-air voices and program directors of the service’s most popular music channels,” including the staff of its Decades channels - hits of the 40s, 50s, 60s, etc. - and its black music channels.

  10. Demian is offline
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    Joined: Oct 2008 Posts: 2,320
    10-16-2008, 01:48 PM #80
    DJ Sirius XM Radio Lays Off 50 Workers -Washington Post

    . Ę DOW JONES NEWSWIRES Ę Sirius XM Radio Inc. (SIRI) Wednesday laid off at least 50 workers, the Washington Post reported Thursday on its Web site, citing employees and people with direct knowledge of the layoffs. Company officials didn't respond to requests for comment.
    Ę -Dow Jones Newswires; 201 938-5500

    Ę (END) Dow Jones NewswiresĘ October 16, 2008 13:37 ET (17:37 GMT)Ę Copyright (c) 2008 Dow Jones & Company, Inc.- - 01 37 PM EDT 10-16-08

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