SIRI Intraday Updates for the Week of 3/16/09

[FoolNHisMoney]

New filing!

S1 Registration Statement for XM Satellite holdings inc.

upon expiration of the waiting period under the Hart-Scott-Rodino Act, Liberty Media has the right to designate six members of SIRIUS’ fifteen-member Board of Directors. SIRIUS expects Liberty Media to designate these directors shortly. As a result, Liberty Media has significant influence over our business and affairs.




Subscribers. " We ended 2008 with 9,850,741 subscribers, an increase of 9% since 2007. Since December 31, 2007, 278,374 net retail subscribers deactivated and 1,075,088 net OEM subscribers activated, resulting in a decrease of 6% and an increase of 25% in retail and OEM subscribers, respectively. Gross additions in our OEM channel continued to grow as automakers continued to increase the portion of their vehicles which incorporates satellite radio. "


( actually consider this good news)


They are moving along expeditiously, which is good, to take care of debt!

6 members? I thought they only got 2 seats on the BoD?

[trippingthespeculatingpos]

this is like a race car revving up getting ready to fly off the line,i think we are mving closer to 1 cent intervals now which is awesome.

[sl62]

New filing!

S1 Registration Statement for XM Satellite holdings inc.

upon expiration of the waiting period under the Hart-Scott-Rodino Act, Liberty Media has the right to designate six members of SIRIUS’ fifteen-member Board of Directors. SIRIUS expects Liberty Media to designate these directors shortly. As a result, Liberty Media has significant influence over our business and affairs.




Subscribers. " We ended 2008 with 9,850,741 subscribers, an increase of 9% since 2007. Since December 31, 2007, 278,374 net retail subscribers deactivated and 1,075,088 net OEM subscribers activated, resulting in a decrease of 6% and an increase of 25% in retail and OEM subscribers, respectively. Gross additions in our OEM channel continued to grow as automakers continued to increase the portion of their vehicles which incorporates satellite radio. "


( actually consider this good news)


They are moving along expeditiously, which is good, to take care of debt!

Well there it is... this is what's driving this. Maybe that other dude was right about a potential sale...or now we see the next best thing. Apparently the Street loves Liberty moving in further....

[mz19]

6 members? I thought they only got 2 seats on the BoD?

6 out of 15 would be 40% of the BOD. Does that correlate to the 40% preferred?

[trippingthespeculatingpos]

i think people are overthinking it, we are returning to fair value simple as that.

[sl62]

Well there it is... this is what's driving this. Maybe that other dude was right about a potential sale...or now we see the next best thing. Apparently the Street loves Liberty moving in further....

Or is this contrary news to what the Street thought??

[Brandon Matthews]

I think that was the pullback...the mm's took out all the low bids...will rise on the open to .43-.44

[sl62]

6 out of 15 would be 40% of the BOD. Does that correlate to the 40% preferred?

No this is something new. In the dealm they only got two seats Malone and Maffei....something's going on behind the scenes. They are just being given 4 more seats....and "siginificant influence over the company"

[asm610]

i think people are overthinking it, we are returning to fair value simple as that.

tripping,

I think you are partly right.....but I also think the street was not aware of the 6 BOD seats....which are a big deal in my opinion. I think they are much friendlier to Liberty and Malone...than they would ever be to Mel and his people. You don't want to tangle with a legitimate whale of an investor unless you have all your ducks in a row!

[sl62]

I think that was the pullback...the mm's took out all the low bids...will rise on the open to .43-.44

Brandon,

I don't know...seems like right at that release, we dove and things got quiet...what do you make of this release??? Call your sources!! LOL