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What I like about SIRI now, monopoly, free cash flow making a profit, partnerships with other big businesses, much more known technology and possibility of going Global....etc.
None of those were in effect when I bought SIRI stock the first time in 2001. Can't say many companies have that many advantages right off the bat. If I would have felt at all insecure about SIRI, I would never have dumped ALL my savings into it last Feb. when there was nothing but bleak news.......;o}
Ditto....;o}
Magnumbp-Great article, very upbeat.
About XM and WorldSpace Gets $25 Million From XM; $140 Million IPO
Jul 19, 2005 1:09 PM ET
WorldSpace, which provides satellite-based digital radio services in Asia, Europe and Africa, is raising about $147 million in its IPO. It has raised the expected price of its planned share price to $18 to $20 per share, from $16 to $18.
The Washington D.C-based company also said in filing that XM Satellite Radio would buy $25 million of its stock. XM will also get warrants for the right to buy another $37.5 million in WorldSpace stock.
http://paidcontent.org/article/worldspace-gets-25-million-from-xm-140-million-ipo/
Liberty Media Could Be Upping Preferred Stake In Sirius XM Radio
by king1 on Mar.03, 2010, under LCAPA, SIRI, WRSPQ
By Relmor Demitrius
Sirius XM Radio may have spilled the beans again in their quarterly filings. As is often the case with companies, a careful read of their annual report can provide many clues and hints to future plans. Sirius XM’s annual report filed on February 25th appears to be no exception. There are some changes from their third quarter report that are definately noteworthy.
Looking over expected cash contractual obligations from this filing, we will see there has been some changes from the November filed third quarter report. Here is what Sirius XM defined as their cash contractual obligations for the coming years on this current annual report. These would be cash expenses that have been well planned for, consistent, and very much a part of their operating structure. These assessments have proven in the past to be accurate and helpful in projecting their results. So these figures are definitely to be respected.
From the 2009 Annual Report From February of 2010:
http://www.kingofalltrades.com/2010/03/03/1728.html
Positive free cash flow, is what Mel emphasized in the interview with Faber. Now I understand why he was so pleased by that.
Well well being that I am a foreigner it sounded impressive, English is my 3rd language.......:o} I wouldn't know, only get the content.
Thanks Pinky, exactly my thoughts for many years now. Owned Siri stock in 2001-04, same thing then also. I am emailing. Fabulous letter!!!
Someone knows something. Has this big gap up ever happened before? Good luck to all us longs....;o}
Mobile satellite TV to be worth $11bn
Featured on Newsnow.co.uk
Written by Chris Forrester
Monday, 22 February 2010 09:39
Satellite-delivered mobile TV has had a somewhat lacklustre performance to date. But a new study says that the satellite mobile TV market will soon be worth an impressive $11bn a year.
Despite the limited audience and coverage of services, the market for mobile television is expected to witness rapid growth, providing potential opportunities for content providers, mobile operators and handset manufacturers, says Global Industry Analysts Inc, in a new study. Increase in mobile device penetration rate as well as rising popularity of TV services is expected to boost the popularity of mobile TV services among consumers.
Success is determined by factors such as availability of compatible cellular phones, support for wide picture quality and high rates of data transfer. Mobile handsets equipped with standards of analogue broadcast, DVB-H (Digital Video Broadcasting for Handhelds) and CMMB (China Mobile Multimedia Broadcasting) are expected to witness significant growth. Developing countries of Brazil, China, and India are expected to foster growth in the market for mobile TV services.
“Growth is driven by the transition of terrestrial TV signals to digital airwaves from analogue as well as free wireless TV technologies such as MediaFLO and DVB-H,” says the report. “Satellite-based services are forecast to foster growth by offering affordable solutions for reliable and high-quality delivery of mobile TV services in Europe. The development of interoperable standards and availability of free spectrum space is expected to encourage the development of high-quality content for mobile television. Developing countries of Brazil, China, and India are expected to foster growth in the market for mobile TV services.”
“The Asia-Pacific region offers vast growth opportunities for the mobile television market, and is expected to witness large-scale expansion in the subscriber base as well as service revenues. Rapid growth is attributed to factors such as increasing penetration of mobile handsets and availability of services on a free-to-air basis. Affordable subscriptions and unlimited packages hold high significance for mobile TV services in Asia-Pacific countries. Japan and South Korea represent the leading markets for mobile TV services in Asia-Pacific region, while China and India offer the enormous growth opportunities for market participants,” adds GIA.
© Rapid TV News 2010
Sirius has always gone up better on rumor, uncertainty, innuendo, fantasy and fear rather than good news, this is not a normal run of the mill stock. It needs a small nudge (small tidbit of vague news) and people will fill in the blanks big time. It went up tremendously before the REAL good news came out.
Hold those shares it will fly especially when they go Global. They have talked bad about Sirius so long all those Wall Street egos can't accept that they are doing good. Funny thing before when XM wasn't merged with Sirius, they never attacked XM always Sirius.
Auto Sales: Tomorrow's Headliners
By Robert Holmes
03/01/10 - 03:34 PM EST
NEW YORK (TheStreet) -- The health of the auto industry will be in the spotlight Tuesday, with major automakers set to post February's sales data throughout the trading session.?
February's auto sales tally is expected to show a marked improvement from January's showing, with auto researcher Edmunds.com predicting that new vehicle sales rose 12.9% last month. The increase comes thanks to "robust" sales over Presidents' Day weekend.
"Sales over the Presidents' Day weekend were robust-indicating that deal-seekers are still buying, but one strong weekend further illustrates how lackluster sales were the remainder of the month," said Jessica Caldwell, director of industry analysis at Edmunds.com. "We will have to wait until March to see if February is an aberration or a fundamental sign that the recovery in sales will be more subdued than hoped."
Perhaps more notable is Edmunds.com's prediction that Toyota (TM Quote) will see its market share plummet to 12.6%, the lowest level since July 2005, due to the automaker's continued struggle with recalled vehicles. A Senate committee will hold a hearing Tuesday on Toyota's recalls.
Among other automakers, Ford (F Quote) likely sold 136,000 units in February, up 35.3% from a year ago and 18.9% above the previous month's tally. General Motors likely sold 147,000 units last month, up 16.2% from last year but up only 0.2% from January, according to Edmunds.com.
Now it is obvious to everyone this is a manipulated stock big time. I should dig up the old posts from early 2000, it was doing the same type of trading then. Now it is worth a lot, being that they are making a profit, so I am sticking with my shares, actually they are free at this time. Came in in Feb-09
Look at history and you'll need a dramamine....lol
magnumbp-Cheer up SIRI is After Hours High: $ .9543
After Hours High: $ .9543
Example of a Ch. 11 BK, how it could play out for WRSPQ also.
Vermillion Emerges From Bankruptcy
Company Poised to Launch OVA1(TM)
FREMONT, Calif., Jan. 22 /PRNewswire-FirstCall/ --
Vermillion, Inc. (Pink Sheets: VRMLQ.PK) today announced it has successfully emerged from protection under Chapter 11 of the United States Bankruptcy Code in fewer than 10 months following its filing for bankruptcy protection in the United States Bankruptcy Court for the District of Delaware. Vermillion emerged from bankruptcy with all creditors receiving 100 percent of allowed claims and with the common stock being fully restated.
"We couldn't be more thrilled about our successful restructuring. Vermillion is emerging from bankruptcy as a well-capitalized, leading diagnostics company, poised to launch our OVA1 test. This is a great day for all of our stakeholders as well as women who will benefit from OVA1," said Gail Page, executive chair of Vermillion. "We are in a position to resume development of our other programs in ovarian cancer and peripheral arterial disease," she added
Vermillion's legal advisor in connection with its successful reorganization efforts is Paul, Hastings, Janofsky & Walker LLP
About Vermillion
Vermillion, Inc. is dedicated to the discovery, development and commercialization of novel high-value diagnostic tests that help physicians diagnose, treat and improve outcomes for patients. Vermillion, along with its prestigious scientific collaborators, has diagnostic programs in oncology, hematology, cardiology and women's health. Vermillion is based in Fremont, California. Additional information about Vermillion can be found on the Web at http://www.vermillion.com/
DATASOURCE: Vermillion, Inc.
Siri is in the used cars also, it doesn't depend that much on only new car sales. This has always been a wild exciting stock ride.....lol
Really liked it..lol Thanks!
Is this WRSPQ new website? They advertise that you can access it on XM.
http://www.worldspace.ae/english/index.asp?pg=01
Totally agree, came in at .17 .18 and .19 I am happy camper....lol
Good point-Was in Siri loooong ago when they couldn't even project making money any time soon. Went from .42 cents I think it was $2.24 or maybe it was $4.24 but it was good money even then.
Hilarious-true wonder how many naysayers have a bunch of SIRI stock stashed themselves.....lol
I am with you, no shares leaving my hot hands.lol
Wasn't there a doc. that hurried something up sometime in Feb? Not sure what it was. Vaguely remember it was about the timeline for a hearing.
Register for the SIRI cc here is the link to register.
http://investor.sirius.com/
This part is interesting-One suggestion, from Satwaves’ Brandon Matthews is well worth a read. He says: “Liberty Capital recently created Liberty Satellite Radio, in which it transferred its newly acquired Worldspace assets. Through this subsidiary, Liberty could buy Sirius XM, and a new parent company would emerge. Shareholders would likely be bought out for cash or a stake in Liberty Capital. The preferred stake of Liberty could then be spun off to the new Satellite Radio company, avoiding a taxable event. An IPO of a debt free, cash flow generating Liberty Satellite Radio could then follow.”
http://www.rapidtvnews.com/index.php/201002215924/sirius-xm-will-go-global.html
Had to register at this link on SIRI website to hear the conference call podcast.
http://investor.sirius.com/
I saw some blogs from India and they will subscribe if any satellite service comes back.
I was feeling like you when I bought into SIRI Feb 17 2009, because only had a few thousands in my savings account and used it all. Kept saying to myself you are totally out of your mind......lol. Note to self I am.....lol Oh well I am holding, if for nothing else like the excitement and the possibilities.
Here is the link
http://www.sat-universe.com/showthread.php?t=143419
This is something that might have been posted but it is interesting read
Liberty Global cleared for Unitymedia take-over
January 26, 2010
The EU Commission has given the green light to the take-over of German cable operator Unitymedia by US-based media concern Liberty Global.
The Brussels-based authority concluded that the move would not significantly impede competition in the European Union or any substantial part of it.
Unitymedia, which was so far owned by financial investors BC Partners and Apollo Management, is Germany’s second largest cable operator after Kabel Deutschland, serving 4.6 million customers.
In November 2009 Liberty Global agreed to purchase the Cologne-based company for €3.5 billion (US$4.9 billion). With UPC and Cablecom, the media giant founded by US billionaire John Malone already owns the largest cable operators in neighbouring Austria and Switzerland.
Liberty Global originally tried to enter the German cable market in 2002; however the planned purchase of the country’s nationwide cable network which was then owned by Deutsche Telekom was blocked by the Cartel Office.
As Unitymedia only serves two federal states, North-Rhine Westphalia and Hessen, no objections from the competition watchdogs were expected this time.
Industry insiders speculate that Liberty Global will pursue a growth strategy in Germany through further acquisitions in the medium term.
The aim would be to create a powerful nationwide cable operator which would compete head-on with ADSL providers for triple play customers.
Liberty Media yesterday agreed to offload Japanese cable MSO Jupiter Communications (J:Com) to KDDI, for US$4 billion.
http://www.techwatch.co.uk/2010/01/26/liberty-global-cleared-for-unitymedia-take-over/
Liberty Satellite Radio wraps up Worldspace purchase...
Info from the web: Liberty Media, via its subsidiary Liberty Satellite Radio,
Liberty Media, via its subsidiary Liberty Satellite Radio,
Worldspace has confirmed that it is seeking to sell itself to Liberty Satellite Radio. Worldspace said that such a deal would ensure it is able to carry out a debt repayment plan.
Liberty Media, via its subsidiary Liberty Satellite Radio, is now in control at Worldspace, the struggling European and Asian pay-radio broadcaster. Executives from Liberty and Worldspace are visiting Europe this week.However, also understand that Liberty staffers are also in Europe to examine prospects for pay-radio in Europe and elsewhere internationally. Liberty has a significant stake in SiriusSatellite Radio in the US.
Cantarano: I’m now committed to the development of a digital radio service, dedicated and tailored to the French market (only), for which I’m just finalising a market survey that was required to test some of its specificities,” he said. “Although I intend to first deploy this service terrestrially (i.e. targeting L-band), I remain a great supporter of DARS in Europe and look forward to – maybe - also contributing to its success, and have now indeed finalised the acquisition of a couple of assets in this regard
Europe already has at least two potential pay-radio broadcasters in the shape of Ondas Media and new rival ‘Onde Numérique’, formally registered in July, and initiated by Franz Cantarano, formerly VP/Strategy & Development Europe, for Worldspace (and who previously worked at Thales).
=====================================================
Sirius, Liberty Interested in WorldSpace Partnership
12.2.2009
Sirius XM, combined with Liberty Media Corp., could take its satellite radio service global through a partnership with financially struggling WorldSpace, the Maryland-based overseas satellite radio company that operates the Afristar and AsiaStar satellites.
That's according to Sirius XM President/CEO Mel Karmazin. He told the Reuters Global Media Summit in New York that Liberty "expressed an interest" in the global satcaster.
Sirius would lend only its expertise — such as building satellite radios or its relationships with automakers — towards the effort, and not money, according to Karmazin, who says Liberty would contribute funds towards any WorldSpace deal.
Through its subsidiary Liberty Satellite Radio, Liberty Media has purchased all of WorldSpace debt recently, leading to speculation that Liberty Chairman John Malone intends to combine the two satcasters.
Liberty Media rescued Sirius from a possible bankruptcy filing earlier this year with a loan of $520 million. In return, Liberty secured a 40 percent equity stake in Sirius XM.
This is also how. Donofrio also serves on the boards of the Bank of New York Mellon Corporation, Advanced Micro Devices, and Liberty Mutual Holding Company, Inc.
You have a guys version of that?...lol
We do who live here...lol I never ever go on the strip. They are the ones who never sleep.
I have to get up at 5 AM to catch the cc......I am like you not really a morning person. I am in Vegas 3 hrs. earlier.
Thanks NY73...;o] eom
If SIRI and Liberty Media say in their future plans that the Global Sat. service will be Worldspace/Liberty Sat Co. watch how fast the stock will fly. People will have their finger on the trigger probably during the Siri's conference call. Very exciting and I won't be home.......:o{
Saw a penny stock go from pennies to over 9 dollars once, a few years ago, so I know it can happen.
There is a website, forgot the name where they show the stocks that have gained the most in one day. If I find it will post the link.
I don't believe Liberty Satellite is a shell. I thought it was just a new company name. I also thought Liberty now owns both assets and liabilities of Worldspace. Doesn't that mean they wholly own Worldspace?