To thyself be true
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It is going up and good......;o]
Already volume is 1,202,392 in pre market $ .9747 high so far. Wonder if CNBC will say anything?
Nice buys after hours first 10 min.
After Hours Buys:
16:00---------- $ .955 ---------------- 99,300
16:08---------- $ .9337---------------- 70,500
16:10 ---------- $ .9534---------------- 152,301
I have never lost money in any of the investments I made that were connected to Malone. It has always been a wild ride, because he thinks so far ahead. Definitely a gamble though. Here in Vegas this is a tiny gamble, and this can have a huge payoff.........;o}
I am hoping Malone holds true to his style in business, but also know business can't always work for everyone. This is in my mind a total gamble, went in with my eyes wide open.....lol
Still holding my opinion, that it will become the fight over Global BANDWIDTH.
One spectrum. Imagine one radio that picks up both XM and Sirius signals. Now imagine one satellite transmitting both signals. These are not pipe dreams, but actually stated goals from Liberty Media CEO Greg Maffei, which controls a 40% stake in Sirius XM through its Liberty Capital tracking stock (NASDAQ:LCAPA). He stated in late 2009 that he was excited that Sirius XM will one day be consolidating their spectrum and service, and freeing up huge amounts of spectrum for other services, possibly mobile TV, or simply leasing out its bandwidth to other entities willing to pay billions for its use. As the cell phone industry is discovering, Wi Fi and cell phone repeater towers are not the answer for mass internet streaming. The problems are enormous, and current technology makes it impossible to get to where they want to go. Not to mention the huge health risks associated with the service. Do we really want more powerful frequencies ripping through our brains just so Johnny can download a movie to his cell phone faster? Do we really want to endanger aircraft, see filings associated with WCS Coalition and the companies seeking to block this terrible deal for Americans, just so Mary can get a text message .0001 second faster? Sorry folks. You really weren’t meant to be able to download the new Black Eyed Peas song from the top of Mount Everest without satellite technology. Not without giving your entire world population cancer in the process. Satellite technology is safe, more powerful, and 100 times more efficient. Why the delay to go all satellite? No vision. Problems of today were unimaginable to the companies that went with cellular technology back then. Sirius was smart enough early to realize the importance of satellite technology. Keep in mind, the first cell phones were just becoming popular when Sirius and XM were getting off the ground.
5. Global markets. With recent acquisitions and comments from Liberty Media and Sirius XM, some type of global play seems to be well underway. What advantages Sirius XM will receive from these ventures no one is sure as of yet. However, with Liberty putting up the costs, it seems like some addition to their bottom line would be generated from this partnership. With expansion into Mexico already slated, and service in Canada years in play already now, Mel has every reason to be excited about expansion possibilities into new markets. Is Europe next?
http://www.kingofalltrades.com/2010/04/05/11445.html
SIRI on iPad - Compatible with iPhone, iPod touch, and iPad. Requires iPhone OS 2.2.1 or later.
Found this on Liberty Media board:
LIBERTY MEDIA INVESTS $ 150, 000 ,000 IN SIRIUS SENIOR NOTES
4-Apr-10 07:05 AM
LIBERTY MEDIA HAS SO MUCH CONFIDENCE IN SIRIUS THAT THEY PURCHASED $ 150,OOO ,000 MILLION DOLLARS OF SIRIUS "UNSECURED "SENIOR NOTES THAT ARE DUE APRIL 1 , 2015 YIELDING 8 3/4% . THIS WAS JUST COMPLETED MARCH 17 , 2010 .
THE WHOLE BOND OFFERING WAS OVERSUBSCRIBED FROM ORIGINALLY $550,000,000 TO $800,000,000 . REMEMBER THESE SIRIUS SENIOR NOTES ARE UNSECURED AND ARE NOT DUE UNTIL APRIL 1 ,2015 , THAT IS 5 (FIVE )YEARS.
YES , MANY INVESTORS HAVE CONFIDENCE IN SIRIUS $ $ $
This is after hour purchase March 31st SIRI, could be Liberty.
16:49 PM --------- $ .8705 ---------- 11,404,851.000
Mon. should be interesting.
Lazard Capital Encouraged About Sirius' Fundamentals
by: Satwaves April 01, 2010
by Demian Russian
In a research note issued Tuesday, Lazard Capital Markets’ senior media analyst Barton Crockett reports on a series of investor meetings hosted by Lazard with Sirius XM (NASDAQ:SIRI) CFO David Frear. Recapping the meetings, Crockett says, “We walked away encouraged about fundamentals…we saw arguments for Sirius XM, over time, topping our assumptions for revenue and subscriber growth, programming costs, SAC, and satellite network efficiencies.”
During the meetings, David Frear indicated that he believes churn will continue to improve along with the economy, as credit card defaults have been the main cause of self-pay churn. Frear sees churn improving this year and beyond, as the economy continues to stabilize. In his report, Barton Crockett noted that the channel consolidation and cost increases in 2008 and 2009 “were arguably hostile to subscribers”, but also notes that churn improved in 2H09 in spite of these changes. He sees any improvement in churn exceeding his model, which currently assumes steady churn.
Frear also spoke of big opportunity in used cars. “Frear sees an opportunity to convert more of these used cars into paying subs, potentially with a low-end, limited channel option, which could expand the market to more cost-conscious consumers, but not cannibalize subscriptions to the fuller channel lineups that new car buyers currently subscribe to”, Crockett reports. Frear sees SAC per gross addition declining over the long term; it should come down with more used car subscribers, because Sirius XM “essentially pays no SAC for used cars.”
Details of the new GM deal were discussed. Sirius XM renewed its contract with GM at the end of 2008, which the company has stated was much more favorable than the previous deal. Frear spoke of “a second leg of changes” to the GM deal that will take place in 2013. These changes will bring a “meaningful” boost to 2014 adjusted EBITDA, according to Frear. This new contract with GM goes out to 2020.
Frear spoke of programming cost reductions and specifically mentioned several contracts, including Howard Stern’s. “Overall, Frear sees downward pressure on signature content deals as they renew, citing a reduction in the yearly cost of the Oprah and Martha Stewart deals from a combined $25M/yr to $10M/yr, and steep cost cuts from NBA and Opie and Anthony renewals”, Crockett reports. He notes the huge benefits from Sirius and XM no longer being in competition with one another, combined with the weakness in “cash strapped” terrestrial radio.
According to Mr. Crockett, David Frear doubts that Howard Stern will leave Sirius to go back to terrestrial radio. He also doesn’t see Sirius paying more to renew Stern either. In the next two years, Sirius XM’s deals with the NFL, Fox (NWS), Disney (DIS) and NASCAR all come up for renewal. Frear expects “meaningful reductions” from these contract renegotiations. After 2015, Sirius XM is also projecting huge cost savings from much better deals with MLB and the NHL.
There is a potential opportunity to consolidate the currently separate Sirius and XM service platforms, according to Frear. Crockett reports that during the meetings Frear discussed a possibility of only the XM platform being installed in all new cars. The majority of new cars that have satellite radio installed have an XM radio, so this would make sense. Frear noted that some of this depends on talks with the automakers, but sees a scenario where the Sirius platform could be either used for new services, or sold.
In his report, Crockett states: “Sirius is fully prepared to reverse split, if needed, to avoid delisting. However, it resists this, and the Nasdaq has played along by suspending enforcement of the share price requirement.” Crockett doesn’t see the Nasdaq changing its rules, but goes on to say that, “We also believe that the Nasdaq could suspend enforcement indefinitely.” The analyst bases this on his belief that there is a risk to the Nasdaq of Sirius XM performing a reverse split and then moving to the NYSE.
While Sirius XM’s low share price may keep some institutions away, Frear defended the benefits of the company’s low share price during the meetings. Crockett reports that, “Frear argues that the low price could appeal to the core retail investors that are Sirius’ key holders. He does not believe, at the moment, that any potential benefit from appeasing institutional investors that balk over the penny stock status would justify the risk of losing core retail holders.”
http://seekingalpha.com/article/196612-lazard-capital-encouraged-about-sirius-fundamentals
I didn't see the banana thing, I feel like I am going bananas maybe a little bit. This is definitely a gamble, who knows, just might be a good one. I'll fly like the birdies until they deorbit me......lol
Probably an institutional buyer who is smelling some kind good news....;o} SiriusXM is a great investment, been in since last Feb. Once it passes a dollar again, it can't be held down anymore, too many longs. People like the service and who knows what other services they will come up with, there are so many that they would be able to do. JMHO
Looks to me like the birdies are a sideshow, really has nothing to do with Liberty or Worldspace. If I am understanding the papers they said someone else seems to own them.
Wasn't the date April 17th? eom
No they don't, but there is sort of celebration May 1st, when colleges graduate.
Also in Scandinavia they celebrate start of summer on June 21st.
Worldspace De-Orbit in Lieu of Sale Contingency Plan Approved
March 24, 2010 By: Steve Garcia Category: LCAPA, LCAPB, LINTA, LINTB, Media Companies, WRSPQ
By Steve Garcia
What is left of Worldspace (OTC BB: WRSPQ) was granted permission(docket #0962 dated 3/24/2010) on March 24th in a Delaware courtroom to either find a suitor for their satellites, or de-orbit them. Liberty Media (NSDQ: LCAPA, LBTYA) attorney representatives were present when the decision was made. Although the satellites are actually owned by Worldspace Satellite Company Limited (SATCO) a non debtor affiliate of Worldspace, the contingency relief sought by Worldspace in the petition filed on March 16th was accepted, in the event they are unable to sell the satellites off.
One way or another, this issue will come to final resolution soon. The long dragged out Bankruptcy has not done any justice to anyone. Especially not all the former listeners of Worldspace, some of whom were stuck when the service went bottoms up with pre paid services they can no longer use to listen to Worldspace and its content which they once enjoyed. Final decisions yet to be made, let’s hope the final chapter and closure to this situation is quickly upon us and not dragged along even more.
Someone REALLY believes in SIRI this is after hours:
16:16 PM -------- $ .8723 ----------- 228,900
Seems to me like the court approved Jan 6th 2009 the assets to be auctioned off to the highest bidder. Wonder who is the interested parties?
Chapter 11 is a restructure of the company and WRSPQ still has control, not like chapter 7 BK, where you don't have any control.
That is probably the only assets Worldspace has to its name. We still don't know if this is a hostile stand or maybe SIRI is buying them. Who knows?
There is still the new sat. in storage in France. This seems to come to a head 30 th of April 2010.
CNBC has had all day coverage about mobile wireless stuff - What I am hearing is the hottest ticket is BANDWITH of the future. I stand by my old post. I think it is good for WRSPQ and Malone/SIRI.
Posted by: bepop12345 Date: Thursday, March 11, 2010 3:50:58 AM
Post # of 1744
What is the real payoff for Malone? He wouldn't have invested 1/2 Billion dollars in SIRI if there wasn't a huge payoff in the future. The big picture is about bandwidth and getting control of as much as possible, everything is going mobile/worldwide (WorldSpace)....etc.
Now Malone can negotiate with the big guys like AT&T (he worked for them), Apple (maybe), other Telco and Cable companies. Watch what happens when WorldSpace and Siri get going. Malone can start right away. He has such a head start nobody will be able to catch up. He will make more money, just renting out bandwidth than anything else. Deals are probably on the table already. Just my own opinion.
March Auto Sales Positive for Sirius XM
by: Satwaves March 21, 2010
By Brandon Matthews
Preliminary March auto sales data is giving Sirius XM Radio (Nasdaq: SIRI) investors reason to celebrate, as good news continues to flow surrounding the company. According to Edmunds.com, the SAAR rate for March is now running at an astonishing 13.2 million vehicles. Edmunds attributes the spike to successful incentive plans that seem to be attracting car buyers whom have been sidelined during the recession.
The numbers are higher than anyone has anticipated. JD Power is reporting that through the first eleven selling days of March, 883,300 vehicles were sold. To put this in perspective, that number already exceeds the total monthly numbers posted in January and February of this year. March has a total of 26 selling days, which could mean that monthly auto sales could reach between 1.5 -2 million vehicles.
JD Power is projecting an annual rate of 12.2 million units, which by far exceeds analyst projections when forecasting Sirius XM Radio’s growth. Earlier this month, Wunderlich Securities Analyst Matt Harrigan suggested that Sirius XM shares would be valued at $1.85 based on a 12 million unit run rate, more than double SIRI’s current price.
Satwaves will present a live exclusive interview with Jessica Caldwell of Edmunds.com on next week’s Satwaves Radio show, who will offer listeners a first look at Edmunds’ monthly forecasts, which are historically the most accurate forecasts in the industry.
Example of Siri volatility from their history. Siri has always been a volatile stock. This was when there wasn't a whisper of SIRI making money.
This is from May 1st to June 6th 2003.
Took the most important numbers and eliminated unnecessary ones:
Date High Close Vol
2003/06/06 2.06 2.15 94,442,205
2003/06/05 2.09 2.06 220,114,394
2003/05/15 1.35 1.41 116,702,081
2003/05/12 0.97 1.06 51,359,733
2003/05/09 1.04 0.97 60,549,685
2003/05/06 0.90 1.21 134,156,183
2003/05/05 0.83 0.90 37,445,865
2003/05/02 0.79 0.83 48,246,056
2003/05/01 0.74 0.79 16,873,580
Need a refill on my popcorn....lol
Info about Europe-Satellite beats cable across Europe
Written by Chris Forrester
Wednesday, 17 March 2010 19:38
SES Astra's latest numbers show the strength of satellite in Europe grows and grows, with satellite homes overtaking cable homes for the first time ever.
Yesterday a UK terrestrial network (Ch 5) decided to place its HDTV eggs firmly onto the satellite market, having not been able to secure ‘terrestrial’ distribution. Ch 5 becomes BSkyB’s 42nd HDTV channel. The move isn’t surprising given the instant audience satellite delivers. The satellite story, as far as SES Astra is concerned, is more than spectacular. SES says they have added 3m new satellite homes in Europe over this past year, and that the number of European satellite homes now exceeds that of cable. Moreover, satellite is now almost totally a digital audience, while cable lags behind with barely one third of homes viewing digital channels.
SES Astra is now broadcasting to 125 million TV homes across Europe and North Africa, 3 million more than the year before. For the first time, satellite reaches more households than cable in Europe, with 77 million satellite and 71 million cable households. Terrestrial infrastructures reach 86.5 million households; however, not even half of them (48%) are digital.
The digitalisation rate of satellite increased to 92%, with a total of 71 million out of the 77 million satellite households being digital. Cable still shows the lowest digitalisation rate, with one third or 34% (24 million) of all 71 million cable households being digital. IPTV is 100% digitised and reaches 9 million households across Europe.
In high definition, Astra counts around 6 million HD viewing homes and currently broadcasts 114 HD channels. The success of HD is underpinned by the high number of HD screens sold across Europe. 125 million HD Ready TV sets have been sold since the start of HD in 2005. It is expected that by 2013, an estimated 55 million households will be equipped with both an HD Ready TV set and a suitable HD receiver. Satellite is expected to remain the largest distribution platform for HD.
“The significant increase in reach and the success of SES Astra are based on a stable business model and on strong drivers which allow us to develop our business despite the difficult market situation,” says Ferdinand Kayser, President/CEO SES Astra. “The underlying dynamics of Western European key markets, and the growth in Eastern Europe, impressively demonstrate that we are able to maintain our competitive position and further develop our reach, in technical and commercial terms. Whether in HD, hybrid reception or 3D TV, we are extremely well positioned to play a leading role in future innovations.”
Astra’s highlights:
Legal confusion over WorldSpace satellites
Written by Chris Forrester
Sunday, 21 March 2010 04:45
WorldSpace has filed an emergency motion with the Delaware Bankruptcy Court to “de-orbit” its two satellites. Liberty Satellite Radio, in a matching filing, states bluntly that it has no intention of providing any more funds to WorldSpace. Liberty also adds that the two WorldSpace satellites “are not assets of [WorldSpace] and thus the request to de-orbit should be denied”.
In reality the two satellites, if de-orbited, will be sent up, not down, to a graveyard orbit safe from damaging other satellites. The bankruptcy court judge, Peter Walsh, will hear the application this coming Wednesday, March 24.
The WorldSpace filing asks the court to approve the plan to de-orbit AfriStar and AsiaStar, or permission to sell the assets. Liberty, in its filing, says any sale of assets by WorldSpace [“the debtor”] should not be approved “in a vacuum”. “If the debtor obtains a purchaser for their assets [then] the debtors should file an appropriate sale motion [to the court] and provide notice [to all interested parties].”
Liberty adds: “The satellites...are not assets of [WorldSpace] and are not subject to the jurisdiction of the court.”
Just for good measure Liberty then says that the WorldSpace motion contains “a number of inaccurate and misleading factual statements concerning, among other things, negotiations among Liberty, the Debtors and the Committee, and the status of the proposed transaction.”
That this whole process is odd is an understatement, but nothing that’s in any way associated with WorldSpace is anything less than odd. Judge Walsh will rule on Wednesday.
© Rapid TV News 2010
I am sure you are right. Military always get the first crack at technology. They haven't come up with a better one for global reach for now anyway.
You THINK this might be true in the commercial sector also???
I believe that is the golden goose the big moguls are after.....:o}
bandwidth insufficiency continues to be one of the biggest challenges
Military is always in the forefront of tech. Here is something interesting to read.
Stockmarket is always looking forward and these are things you need to know when you are buying into a certain industry.
Frost & Sullivan’s (News - Alert) recent report “Military Satellite Communications - Business and R&D Prospects” gives an overview of key global developments and trends in military satellite communications.
The report notes that military satellite communications have developed significantly since the launch of the first artificial satellite more than half a century ago.
Today, satellite communications are the core of all military communications, especially during wars on foreign territory and unfriendly terrains. Contemporary satellite links support a significant amount of IP traffic, especially video feeds and high-resolution imagery, apart from conventional voice communications.
Additionally, new applications such as communications-on-the-move and ballistic missile defense are opening up considerable business opportunities for technology vendors and solution developers in the military satellite communications sector.
“A key trend in contemporary military satellite communications is the COTM facility that has become critical for mobile command and control operations, specifically during counter-insurgency operations in mountainous terrain without traditional communication infrastructure,” Frost & Sullivan research analysts report. “The rise of COTM capabilities is the main accelerating factor for military satellite communications as it facilitates enhanced situational awareness in real time, while on the move, and broadens the scope for technology vendors.”
Technological developments such as improved satellite network communications protocols and novel compact antennas with signal locking capabilities are greatly speeding up the adoption of COTM solutions.
According to the report, bandwidth insufficiency continues to be one of the biggest challenges in military satellite communications impacting the deployment of COTM and similar applications requiring significant bandwidth.
Marisa Torrieri is a TMCnet Editor. To read more of her articles, please visit her column is
http://satellite.tmcnet.com/channels/portable-satellite-antenna/articles/65712-report-military-satellite-communications-sector-presents-lucrative-opportunities.htm
Sideem-Me too and refill on soda..lol
Foxy's-Interesting post from SIRI board.
Siri board post by Foxy:
Liberty moves in and buys up the debt... then becomes the DIP financier; while negotiating an asset purchase agreement with the unsecured creditors and claimants.
I'm guessing that the unsecured creditors and claimants were was asking for too much for their unsecured claims... entities such as Yenura Pte. Ltd -- which is Noah Samara's Singapore based company who owned most of the company... or even Stonehouse Limited, which was one of Samara's "money connections".
So Liberty pulls out of negotiations and says, you're on your own -- but we still own your debt.
This left Worldspace with no recourse and backed them into the corners, so now they're claiming that they're going to de-commission and deorbit the satellites. A move of desperation to force Worldspace to do something.
In Worldspace's filing today, they note that they're asking to de-commission or sell the satellites and related assets in bankruptcy.
This is getting good. Let's see who blinks first... but again, my guess is that Samara and company were asking for too much.
Did you read the posts on Siri board, wow this is REALLY exciting.......:o}
My take on it, Siri might be the one to combine with WRSPQ, could be licensing or legal stuff, because Liberty invested even more in SIRI. This combination might be more practical and faster. JMHO
News.............today 3:33 P.M.
WorldSpace Strategic Transaction Negotiations with Liberty Terminated
18 minutes ago - Businesswire
As of 3:33 PM ET 3/16/10
WorldSpace, Inc. ("WorldSpace") announced today that strategic transaction negotiations with Liberty Satellite Radio, Inc. ("Liberty"), its debtor-in-possession lender, have been terminated by Liberty. WorldSpace is awaiting information from Liberty as to its expectations as WorldSpace's secured lender with respect to the handling of Liberty's collateral. In the interim, WorldSpace is planning for a potential de-commissioning of its satellites and reviewing its strategic alternatives in light of the termination of negotiations.
Forward-looking Statements
This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs about future events and financial, political and social trends and assumptions it has made based on information currently available to it. The Company cannot assure that any expectations, forecasts or assumptions made by management in preparing these forward-looking statements will prove accurate, or that any projections will be realized. Such forward-looking statements may be affected by inaccurate assumptions or by known or unknown risks or uncertainties. Actual results may vary materially from those expressed or implied by the statements herein. For factors that could cause actual results to vary, perhaps materially, from these forward-looking statements, please refer to the Company's Form 10-K, filed with the Securities and Exchange Commission, and other subsequent filings. Forward-looking statements contained herein speak only as of the date of this release. The Company does not undertake any obligation to update or revise publicly any forward-looking statements, whether to reflect new information, future events or otherwise.
SOURCE: WorldSpace, Inc.
WorldSpace, Inc.
Donald J. Frickel, 301-960-1215
Liberty Media and Sirius XM Partnership or Content Agreement?
March 15, 2010
By Steve Garcia
With the filed petition through the International Bureau of the FCC by Liberty Satellite Radio to take possession of Worldspace’s Afristar 1 and 2 satellites, it appears the end to the bankruptcy proceedings regarding Worldspace will be upon us fairly soon. Liberty Satellite Radio is the actual filer with agreement from Worldspace of the petition. As discussed previously in earlier articles, Liberty Satellite Radio is a holding company for Liberty Media.
The next big question is will Sirius XM be a partner or a content provider to Liberty? If it were all about fair and equal, one would expect Sirius XM to become a 40% partner in any new venture from Liberty, since they received 40% of Sirius XM for essentially a short term bridge loan. That loan was paid back to Liberty in very short order, and had many shareholders up in arms, for some pretty fair reasons. However that is ancient history, and we know that business can sometimes be ruthless in its conduct.
It is more than reasonable to speculate that Liberty is planning on starting up a satellite radio service with global implications and exclusive content. Part of that content will be native language programming for any countries that grant permission for Liberty to broadcast. Undoubtedly another large part of the situation will involve music, which certainly Sirius XM could provide. But Sirius XM can provide much more, like OEM relationships, and other exclusive content. Additionally, there is the technology and licensing on the XM side, which was granted by Worldspace several years ago to XM, and whatever improvements have been made upon it. Looking at it from the outside as an investor, I would hope that Liberty would enter into a partnership with Sirius XM. This would enable both companies to realize even greater leverage and cost reductions across their respective infrastructures with regard to satellite radio.
Of course, it’s just me, a writer who loves the service and has invested in it talking; but imagine if both companies shared the cost of satellites and launches. The ground control facilities, billing departments, the list goes on and on with regard to the cost savings that would come. What would the potential value of these two companies be then? I know one thing for sure; if I am thinking along these lines then surely some of the folks at both Liberty and Sirius XM have already discussed it at length. The recent debt re finance which removes restrictive covenants seems to lend creedence to that fact.
A tight lid has been kept on the flow of information regarding what the next step is, but in the interim, Sirius XM is setting itself up to handle its existing debt load in a more manageable fashion, and appears to be moving toward a more complete merger on paper. As the search for information keeps us alert, and our appetites wet, we can look forward to higher lows and higher highs in the future of this strengthening equity. Expect some negative press this week regarding failure to maintain minimum price for the NASDAQ Global market. However, that is a temporary situation which appears to be correcting itself already with Friday’s press release regarding quarterly reranking of the NASDAQ Q-50 and Sirius XM joining that index as of March 22, 2010. So folks, good times coming, we just need to ignore the nonsense that will be thrown out there in the interim.
http://www.kingofalltrades.com/
Disclosure; Long Sirius XM, currently hold no position in Liberty Media
Thanks Foxy-Sounds like we should put our seatbelts on for the rocket flight......lol
This article was written before he knew about the bond offering.
As of 4:00 PM ET 3/12/10
SIRIUS XM Radio (Nasdaq: SIRI) priced an offering of $800 million of Senior Notes due 2015.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080819/NYTU044LOGO )
====================================
Liberty Media Could Be Upping Preferred Stake In Sirius XM Radio
March 03, 2010 By: king1
This is the end of the article. It is very long, link is on the bottom.
By Relmor Demitrius
Sirius XM could be selling content rights. As has been reported on this site for months, Liberty Media and Sirius XM are in plans to provide satellite radio on an international scale. Liberty will need content. Sirius XM has plenty of content, satellite radio expertise, and deals with every major car maker. They have contacts within music and radio, and have compatible technology with Liberty Media’s recently acquired World Space Assets (OTC:WRSPQ). So this explanation might make sense too.
Sirius XM could sell assets. This is possible, but I would begin to wonder what assets exactly, and what is the wisdom in doing this. Not even sure this is a viable explanation, but it is within the realm of the facts presented.
There are other possible explanations, but the first two are the most reasonable. Since I wouldn’t expect all these cash obligations to be paid out at the exact end of the year, and it is already March, I would expect something of this to come within a short period of time. It could be days, or it could be months. Not sure, but as the numbers are suggesting, something is definitely in the works.
http://www.kingofalltrades.com/2010/03/03/1728.html
This article was written before he knew about the bond offering.
As of 4:00 PM ET 3/12/10
SIRIUS XM Radio (Nasdaq: SIRI) priced an offering of $800 million of Senior Notes due 2015.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080819/NYTU044LOGO )
====================================
Liberty Media Could Be Upping Preferred Stake In Sirius XM Radio
March 03, 2010 By: king1
This is the end of the article. It is very long, link is on the bottom.
By Relmor Demitrius
Sirius XM could be selling content rights. As has been reported on this site for months, Liberty Media and Sirius XM are in plans to provide satellite radio on an international scale. Liberty will need content. Sirius XM has plenty of content, satellite radio expertise, and deals with every major car maker. They have contacts within music and radio, and have compatible technology with Liberty Media’s recently acquired World Space Assets (OTC:WRSPQ). So this explanation might make sense too.
Sirius XM could sell assets. This is possible, but I would begin to wonder what assets exactly, and what is the wisdom in doing this. Not even sure this is a viable explanation, but it is within the realm of the facts presented.
There are other possible explanations, but the first two are the most reasonable. Since I wouldn’t expect all these cash obligations to be paid out at the exact end of the year, and it is already March, I would expect something of this to come within a short period of time. It could be days, or it could be months. Not sure, but as the numbers are suggesting, something is definitely in the works.
http://www.kingofalltrades.com/2010/03/03/1728.html
That part I am sure you are right about in regard to the WRSPQ stock. I was just thinking about the big picture in general, unfortunately we don't know where our stock will end up, hoping for good news.......;o} Wonder when the whole picture will reveal itself. This stock could make us all huge amount of money or burn us. Let's hope the former.
What is the real payoff for Malone? He wouldn't have invested 1/2 Billion dollars in SIRI if there wasn't a huge payoff in the future. The big picture is about bandwidth and getting control of as much as possible, everything is going mobile/worldwide (WorldSpace)....etc.
Now Malone can negotiate with the big guys like AT&T (he worked for them), Apple (maybe), other Telco and Cable companies. Watch what happens when WorldSpace and Siri get going. Malone can start right away. He has such a head start nobody will be able to catch up. He will make more money, just renting out bandwidth than anything else. Deals are probably on the table already. Just my own opinion.
What is the real payoff for Malone? He wouldn't have invested 1/2 Billion dollars in SIRI if there isn't a huge payoff in the future. The big picture is about bandwidth and getting control of as much as possible, everything is going mobile/worldwide (Worldspace)....etc.
Now Malone can negotiate with the big guys like AT&T, Apple (maybe), other Telco and Cable companies. Watch what happens when Worldspace and Siri get going. Malone can start right away. He has such a headstart nobody will catch up. He will make more money just renting out bandwidth than anything else. deals are propably on the table already. Just my own opinion.