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    • Mon Oct 20th 13:13 PM
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      Commented on:
      Will Murdoch Make a Move on Sirius?
      Srius_Employee, First of all you are going to have a hard time getting me or any shareholder feelling bad about any layoffs with a PPS of .4. I think most here would say its about time. You may think it is ok to keep two of the samething going when they can simul-cast to the other, but I do not. I disagree I also remember Mel saying that they were going to take what work best from both and put them together. I took from that, just what it meant, that they were going to cut half of the fat out in that area. By the way engineering staff is easy to replace when you already have two sets of each and only need one. I only wish that you were the next one cut, because to cut to the point, I really have a problem keeping a employee that does not want to be there and looks down on the company they work for. You are fat that this company just cant afford right now. We need dedicated people there, something you are not.
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    • Mon Oct 20th 10:27 AM
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      Will Murdoch Make a Move on Sirius?
      Well This Might Be SIRIUS?, I would not be picking up any more shares until all this crap is over. Then again I have what I would consider way more shares then I should have so it depends on how much of a risk taker you are.
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    • Mon Oct 20th 10:20 AM
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      Will Murdoch Make a Move on Sirius?
      217738, I still dont believe that is in the cards for them. If you want to be worried about something then worry about someone coming in and taking SIRIXM private. That you can worry about. As for Mel, as for what I know about him and seen of him, he could careless about the money. I will say it for the 1,000 time, HE TOOK A PAY CUT TO COME TO SIRIXM. I believe he cares more about his reputation then anything else. He made more at VIACOM in one year, then he did in all the time at SIRI/SIRIXM so far.
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    • Mon Oct 20th 09:58 AM
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      Commented on:
      Will Murdoch Make a Move on Sirius?
      P.S. I remember when someone asked Mel about increases in pay and benifits, he made it clear and said "well I consider the benifits here to be much better then in alot of other places I worked and if you dont like it then leave we are not going to get in anyones way if they are not satisfied here with what they are getting."
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    • Mon Oct 20th 09:51 AM
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      Rating: 0 0
      Commented on:
      Will Murdoch Make a Move on Sirius?
      Srius_Employee, First of all the Feb converts would be easy to reconvert, If SIRIXM wanted those terrible terms. Second there is a 180 day window after the 30 consecutive trading days (6 weeks), then there is a appeal that in which SIRIXM would have to give a plan as to how they plan to get above a dollar, that is another 180 days. So even without the delisting rule being changed it would still take alot of time before that could even happen. Third I have a feeling that if people wanted to leave SIRIXM that would not be a problem for SIRIXM, and would have been happy to let you go it cuts cost for them, if you leave of your own free will.


      By the way you make no sense it seems hard for me to believe in the middle of SIRIXM letting 80 people go which you all would have known was coming after the merger (what else did you think senergies ment). That there would be others basically holding signs up take me first, because I am thinking of leaving anyway.
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    • Mon Oct 20th 09:31 AM
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      Commented on:
      Will Murdoch Make a Move on Sirius?
      cos1000, I did not see Gekko's comment, I did see your Oct 19th on this article. I believe Mel is totally against reconverting the old converts in Feb. and will do almost anything not to. While some think a reverse split is bad, I have always said it depends on the company and not the fact it is a reverse split by itself. I gave several examples where they have worked out and said the reason is because of the catalist that went with it. As you have said they have now way to many shares outstanding and have alot of debt. this does give Mel another option to deal with the issues at hand. As I said if they delute the shares more but use that delution to pay off the 1.1 billion in debt it is what I think is the best way to go. People forget it basically works out to be a even trade 1.1 billion less debt (and the interest, which is the big issue on the debt) for share delution. They also forget that that debt would have to be paid off sooner or later when they had the money to do it. So instead of paying off the 1.1 billion in debt later on, just use that money to buy back shares which will also then give them a chance to do splits the other way.
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    • Mon Oct 20th 06:37 AM
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      Rating: 0 0
      Commented on:
      Will Murdoch Make a Move on Sirius?
      By the way I said before, and will say it again, I am for it, and have no problem with them issuing more shares if it was used to pay down debt. Because as I just said it comes down to a zero sum gain/loss you ether have an extra 1.1 billion in debt or you have extra share delution.
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    • Mon Oct 20th 06:31 AM
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      Rating: 0 0
      Commented on:
      Will Murdoch Make a Move on Sirius?
      Guys we knew that financing was not going to be pretty if it got done. My feeling is, it comes down to a choice of paying a high interest rate or dilution. Lets not forget that if they do this, adding of shares and then a reverse split, what it comes down to is that while there would be a lot of delution there also would be 1.1 billion less in debt. It all breaks down to a zero sum gain/loss, it is 6 of one or a half dozen of the other.
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    • Wed Oct 15th 15:27 PM
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      Commented on:
      GM/Chrysler Merger Could Be Very Interesting for Sirius
      Just to clear the last comment up. Average self paying churn for the year is 1.68 % each month. That is almost 4 million subs lost on the 19.5 million current subs, That also includes all retail losses for the year. So any new retail would be added to the 3 million OEM subs, Mel was talking about.
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    • Wed Oct 15th 15:18 PM
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      Rating: 0 0
      Commented on:
      GM/Chrysler Merger Could Be Very Interesting for Sirius
      sl62, I just read your comment on MF. Not to be down on SIRIXM or Mel but if they only get 6 million of the 12 million OEMs that still gives them a net loss of about a million through churn (if they get no new retail subs, I know fat chance of that happening). Mel is correct technically, they will get that revenue in OEMS in a year like that, but will lose more then that in churn. Once again not to be a downer, just want the facts out.
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    • Tue Oct 14th 13:56 PM
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      Rating: 0 0
      Commented on:
      GM/Chrysler Merger Could Be Very Interesting for Sirius
      Killerkaul, I agree I dont like this new format.


      SIRI, go up!, I also saw that I think that makes it the tenth time that Mel said he was ether working on all the 2009 financing or that this Feb. debt. is not a big deal and something will be done on it.

      So my question is as always why was there ever any talk of bankruptcy over Feb converts by anyone including the posters, press and analyst. I mean, I am not that intelligent and I have seen this from the beginning, so why didn't the people I just talked about.
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    • Mon Oct 13th 17:15 PM
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      Rating: 0 0
      Commented on:
      GM/Chrysler Merger Could Be Very Interesting for Sirius
      sl62, Q3 will be bad. I would be very surprised if they get 200,000 between them. If you are right and they get 300,000 more then maybe Mel low balled the target but if they dont then be ready for it to come in right around what Mel said it would be.


      still sirius, I saw that also. He brings up some good points, but forgets that the bigest losers are the converts that have no insurance on their investment, and would lose every thing, then the common share holder then the banks and they are not going to fare much better getting pennies on the dollar. That is why the banks holding the loans dont force a company into bankruptcy that shows, they are able to pay them back in full if given a little time. (they may also lose more in bankruptcy protection because they may be forced to low the rates that they had before) The share holder is only taken out if they file for total bankruptcy. If a restructuring takes place then the common share holder still keeps his shares, Most likely at a way lower PPS. That is why alot of times you see the PPS of other companies filing for chapter 11 still at .4 cents and lower, because there is still the chance the get restructuring done and come out on better terms.

      So in closing, I will say it again for the 1,000 time, there will be no bankruptcy in the near future for SIRIXM. lets not forget something that most seem to, that SIRI has never missed a payment and that there is no more money being asked for. it is just at most/worst asking for the terms to be extended. THEY ALREADY HAVE ALL THE MONEY THEY NEED. The bottom line is if they cant get the money from the banks then it is simple they just reconvert the old ones. Would they be a worse terms, YES but the savings from the merger are way more then enough to make up for it.
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    • Mon Oct 13th 13:55 PM
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      Rating: 0 0
      Commented on:
      GM/Chrysler Merger Could Be Very Interesting for Sirius
      ARI D K, It is actually more popular in the big cities just look at the places where the most subscribtions are. That might be just because of where the populations are though.
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    • Sun Oct 12th 18:07 PM
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      Rating: 0 0
      Commented on:
      Sirius Shares Priced Like Stamps
      killerkaul, I do what I do when a market like this comes along. I watch it but dont get to involved. I certainly am not going to sell but am looking for a bottom. I believe we will level off, it might go a hundred lower (not to much lower from here) or start its way up again soon. The 700 drop in the morning then the recovery then it turning positive at the end before finishing down only a hundred and thirty, says the bottom is very close.

      As to the bad 3rd quarter, I believe that and most every other thing is priced in. The only thing that would take it much further down in the 3rd Q would be a negitive net sub add (SIRIXM actually losing subcribers). I dont think that will happen looking at the three months of OEMs it makes up for the 2.2% churn, the only way they would lose net subs is if they did not added any retail subs or churn is hugh this quarter. I as you know dont feel as bad that they are not getting the OEMs that fast anyway, because they cost SIRIXM way to much. That is also why the other metrics show improvement because they get less subs they dont pay as much out that quarter. I believe they should have stayed a little longer at the higher end OEMs and kept their OEM % lower. That would have kept their cost lower and their churn lower, due to dealing with the higher end costumer. Remember there are what 10 million OEMS that are turned off now well that is 1 billion in cost, and how much you want to bet they are mostly from the lower end OEM.
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    • Sun Oct 12th 15:56 PM
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      Rating: 0 0
      Commented on:
      Sirius Shares Priced Like Stamps
      killerkaul, and cos1000, I think it was a retirement party. I said if it was held in Vegas I would come and it went from there. I also think the PPS was closer to 30 or 40.


      cos1000, I agree about the 3rd Q call. As you know the 3rd quarter is going to be terrible, because the sub net adds are always bad in the 3rd Q, and this time the other metrics are going to be messed up because of the cost of the merger, to include the cost of the new radios that are paid for in the 3rd quarter.

      There is a bright spot as you and others have talked about. The new revenue streams such as the "B of B". The other I have not seen to much talk about here, it is the new advertisment revenue. As you know SIRIXM has got some new big advertisers in the line up.
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