SIRI Intraday Updates for the Week of 3/09/09

[RMAN]

I have scottrade and I saw after hours a 497,000 trade @.157

I don't see it on Nasdaq, what gives?

[tucknroll]

I'm far from an expert.....but as a layperson it seems to me that they got Maffei on CNBC ahead of this report so he could put the "spin" on things. That would help offset or lessen the blow of a slight miss on the numbers. Great strategy if you ask me. Now they are bumping up CC to try and keep spinning some positive momentum right away before the MM's and media have time to find reasons to tear SIRI apart again.

I like the strategy.....if that's what it truly is ???

something mel should have been doing all along, instead of letting media, etc tear them apart

[mydogniles]

ya know what i find encouraging...the yahoo mssg board is not filled with all sorts of people predicting a huge run up tomorrow. Normally, a little good news and this crew goes ballistic with all sorts of crazy predictions like "1.50 at the opening"...or "here we go"...or "up from here" etc. every time you get that stuff on the board, the stock does nothing the next day. so maybe the contrarian position here is that tomorrow the stock may actually move up a bit...

sure would be nice...

[JohnnyIrishXM]

RMAN:i got it from NASDAQ site..

[BuSeeAir]

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Some of the biggest news today-the SEC may reinstitute the uptick rule. This will cut back on some of the shorting.

[john]

What were you guys expecting during one of the worst quarters of the market's history? Now we have clarity on where we stand. 82K net sub adds, not that bad churn at 1.8%, and did you see the savings down the entire expense line?

My only concern is the $200M in "Other Expenses" - wonder what that was.

I would have to think that expenses and synergies have improved even further since last quarter given the close call we had with the funding issues we experienced these past few weeks.

SiriusXM - Jason, that was cost from the merger that was something homer and I disagreed with him on. I did not think it was going to be that much but he did. That is why I had a 200 million estimate on FCF. I figured most happened in the 3rd quarter. I guess not though.

[Wirestripper]

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Some of the biggest news today-the SEC may reinstitute the uptick rule. This will cut back on some of the shorting.

Yes, we have been hearing that all day, but thanks....

I have some news too, in case you have not heard, the U.S. Senate passed the putrid 410 Billion dollar pork laden spending bill.

62-to 36

Obama will sign it as soon as the dumptruck get's to his desk.

The market will just love this news....just love it.

Nice run up today, but it ends tomorrow if I am right about this.

[Wirestripper]

SiriusXM - Jason, that was cost from the merger that was something homer and I disagreed with him on. I did not think it was going to be that much but he did. That is why I had a 200 million estimate on FCF. I figured most happened in the 3rd quarter. I guess not though.

John, he was supposed to be in control of those costs. He even layed a few people off, but apparently not enough. The street usually discounts one time extraneous expenses, like the impairment stuff, but still we missed.

They can try to spin the top, but investors will retaliate as I did.

I expect a mess tomorrow. The Senate passed that crap in the dark and Obama will sign it. The gold bugs will be back out in the AM.

Not a happy camper.......but I did make some dough on a financial today, sold it tonight.

[john]

Tyler, if you are reading this, I think I am not alone when I hope you are writing an article that outlines the many POSITIVES of today's release, to help counter the inevitable onslaught of bash articles.

The fact that Sirius has achieved positive adjusted income for the first time in history is FANTASTIC news, and I hope missing estimates by a frickin' penny does not overshadow this important milestone.

Why are people saying this was a bad quarter the only bad in it was the net adds. Yes they were bad but considering the economy, I dont think they were all that bad. At the very least they still did something many other subscriber based companies were not able to do and that is grow and not lose a shit load of subscribers. If these metrics get carried into next year you are looking at a pretty good year for them.

[john]

John, he was supposed to be in control of those costs. He even layed a few people off, but apparently not enough. The street usually discounts one time extraneous expenses, like the impairment stuff, but still we missed.

They can try to spin the top, but investors will retaliate as I did.

I expect a mess tomorrow. The Senate passed that crap in the dark and Obama will sign it. The gold bugs will be back out in the AM.

Not a happy camper.......but I did make some dough on a financial today, sold it tonight.

Wirestripper, I dont think you understand, it was all the lay-offs that caused that number to balloon. It was the severence for all the paid talent and the rest.


As an example, if someone has a contract for the next 3 years they were possible given 25%+ of that pay as a release in a lumb sum payment all in the 4th quarter