To thyself be true
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Inside buying
VP & Chief Admin. Officer Altman Dara F
Common Stock
(A)quired
2/1/2010
Amount
44362
Price
$0.8567
CNBC media alert: DAVID FABER sits down with MEL KARMAZIN, SIRIUS XM RADIO CEO,
THURSDAY, NOVEMBER 5TH ON CNBC'S "SQUAWK ON THE STREET" 9:30AM.
http://search.cnbc.com/main.do?target=all&keywords=SIRIUS%20XM%20RADIO%20INTERVIEW
Never saw anything???
I am going to listen to Mel tomorrow 8 AM on CNBC, to see if he hints anything global.
Nice have to set my clock, I am on Pasific timezone.
I want to hear what Mark Haines has to say about SIRI, he has always put it down, sometimes wanted to shout at the TV and say Shut up already. You of all people has Sirius in your car.
Thanks NY73...;o}
This is the smallest float stock I have ever owned. What happens if they run out of shares to sell?
SIRI was up to 60 dollars, it is not impossible, especially now when finally they are making money. That time they were in hole so big, with hardly any customers. This is good it is Very GOOD....lol
Premarket high .93 any predictions? I'lll say 1.13, let's see how close it comes.
Wild to see SIRI nestled in between Berkshire Hathaway and Apple on Motley's site under the heading:
Related Tickers
1/29/2010 4:02 PM
Kinda unbelievable considering it's price next to the others......lol This is definitely interesting to me.
Airtel replaces Worldspace in India or....
Featured on Newsnow.co.uk
Airtel replaces Worldspace in India
Written by Chris Forrester
Sunday, 03 January 2010 12:31
Worldspace’s India service went dark on Dec 31. Now telco giant Bharti-backed Airtel’s DTH service is pumping in a 10-channel radio service for subscribers.
It is understood that about 400,000 homes were subscribing to Worldspace India, more than half via Airtel. The new transmissions come from State-backed All-India Radio. The stations available are: FM Gold, FM Rainbow, AIR Punjabi, FM Rainbow-Bangalore, AIR Tamil, AIR Ragam, AIR Telugu, AIR Bengali, AIR Gujarati and AIR Urdu.
Worldspace’s closure in India has undoubtedly muddied the waters as far as any other international supplier is concerned. While an e-mail last week to all Worldspace subscribers blamed the shut down on funding issues, the reality could be that India’s very own restrictions on foreign ownership could be to blame. Worldspace has been operating in India since 2000 on an informal licence pending the authorities issuing a regulated licence to operate. This new licence – still not issued – would have covered terrestrial re-transmission across the whole country via a network of repeaters.
Local reports say that Worldspace might re-emerge, refinanced in some fashion and indigenous India businessmen are also said to be interested in the operation. However, given that the Worldspace ‘AfriStar’ and ‘AsiaStar’ satellites also need to be replaced sooner than later anyone taking the operation over would need very deep pockets.
Other local reports, and direct communications to us, paint a bleak picture of waste and professional incompetence at Worldspace India, with users citing poor (or non-existent) service and missed opportunities. One informed blogger asked a rhetorical question of his readers, saying ‘Who killed Worldspace India?, and answering ‘Mr Noah Samara... are you listening?’
© Rapid TV News 2010
Better put a pillow next to your chair, it is going to happen....lol
When all restraints are taken away, it will run big time.
I bought Siri first time the week of 9/11, it was the Mon. when market opened after it had been closed for the week.
SIRI was cheaper than XM (plus liked the idea of no commercials)
it has been bashed and manipulated ever since. CNBC and Kramer where the worst offenders. Yet it struggled upwards in spite of all that.
Watch out when SIRI and Liberty/Worldspace maybe Apple also, announces Global cooperation, this puppy is going to move like a rocket.....lol
Now now brown cow, this is a first from Motley Fool:
The party's just getting started -- and it's refreshingly crowded.
MGTY1-Something is smoking, could be a fire somewhere....;o}
If Malone is anywhere close to Apple, this is going to explode and Siri also. They are selling all Apple stuff around the world. Malone is the guy to hook up with. He just bought 2nd largest German cable company and he is accumulating, besides WRSPQ, other countries companies. I believe he is organizing all of them to go Global with SIRI as the technical partner.
Nice OS...huh. It can make some real money.
NEWS!!!!
Written by Chris Forrester
Wednesday, 27 January 2010 05:43
Liberty Satellite Radio is wrapping up its purchase of Worldspace. Documents filed before a US Bankruptcy Court show that an agreement has been reached.
Liberty has, to date, paid a total of US$19.6m to keep Worldspace afloat.
A filing to the US Bankruptcy Court says that Liberty has paid in another $1m to fund payroll and other obligations for Worldspace. “The Debtors [Worldspace] hope that that such funding will provide a bridge to a strategic transaction between Liberty and the Debtors,” said the filing, adding that the purchase is the Debtors’ “best [and perhaps only] hope of confirming a plan and m\aking distributions to creditors”.
January’s bill for running costs, including liquidation costs for its South African operation, amount to $848,823. Worldspace India is shown as costing $42,000 in terms of its “January payroll”.
© Rapid TV News 2010
http://www.rapidtvnews.com/index.php/201001275692/liberty-closing-in-on-worldspace.html
FYI about Livenation and Ticketmaster merger:
LIVE NATION AND TICKETMASTER ENTERTAINMENT
COMPLETE MERGER
LOS ANGELES and WEST HOLLYWOOD, Calif., January 25, 2010 -- Live Nation, Inc. (NYSE: LYV) and Ticketmaster Entertainment, Inc. ("Ticketmaster") (Nasdaq: TKTM) today announced they have completed their merger following the receipt of regulatory clearances and approvals from all government authorities required by the merger agreement and the approval of Live Nation and Ticketmaster stockholders. Subject to final confirmation, under the terms of the transaction Ticketmaster stockholders will receive approximately 1.474 shares of Live Nation common stock for each share of Ticketmaster common stock they own. As of today, the merged entity will bear the name Live Nation Entertainment, Inc. (NYSE: LYV).
Effective as of the close of trading today, January 25, 2010, Ticketmaster common stock (Nasdaq: TKTM) will cease trading.
About Live Nation
Live Nation's mission is to maximize the live concert experience. Our core business is producing, marketing and selling live concerts for artists via our global concert pipe. Live Nation is the largest producer of live concerts in the world, annually producing over 22,000 concerts for 1,500 artists in 57 countries. During 2008, the company sold over 50 million concert tickets and drove over 70 million unique visitors to LiveNation.com. Live Nation is transforming the concert business by expanding its concert platform into ticketing and building the industry's first artist-to-fan vertically integrated concert platform. Headquartered in Los Angeles, California, Live Nation is listed on the New York Stock Exchange, trading under the symbol LYV. Additional information about the company can be found at: www.livenation.com/investors.
About Ticketmaster Entertainment, Inc.
Ticketmaster Entertainment consists of Ticketmaster and Front Line Management Group. As the world's leading live entertainment ticketing and marketing company based on the number of tickets sold, Ticketmaster connects the world to live entertainment. Ticketmaster operates in 20 global markets, providing ticket sales, ticket resale services, marketing and distribution through www.ticketmaster.com, one of the largest e-commerce sites on the Internet; approximately 7,100 retail outlets; and 17 worldwide call centers. Established in 1976, Ticketmaster serves more than 10,000 clients worldwide across multiple event categories, providing exclusive ticketing services for leading arenas, stadiums, professional sports franchises and leagues, college sports teams, performing arts venues, museums, and theaters. In 2008, the Company sold more than 141 million tickets valued at over $8.9 billion on behalf of its clients. Ticketmaster Entertainment acquired a controlling interest in Front Line Management Group in October 2008. Ticketmaster Entertainment, Inc. is headquartered in West Hollywood, California (Nasdaq: TKTM).
Sirius XM and Liberty and (Worldspace) Livenation Relationship
by Steve Garcia on Jan.26, 2010, under LCAPA, LCAPB, LINTA, LINTB, Media Companies, SIRI
Liberty Media Seeks Bigger Stake in Live Nation
By Steve Garcia
With the announced purchase of a larger percentage of Live Nation Entertainment (NYSE: LYV) by Liberty (NSDQ: LCAPA, LINTA) as well as comments from Liberty CEO Greg Maffei regarding the combination of Sirius XM (NSDQ: SIRI) and Live Nation , it appears that Liberty and Sirius XM are indeed going to enjoy a long and profitable relationship. Maffei did not speak to any known specifics of the future and the relationship, but he did show enthusiasm when speaking to it on CNBC.
Liberty has been very active recently with acquisitions as many of us already know. They should be closing imminently on the purchase of Worldspace (OTCBB: WRSPQ) assets through bankruptcy. The assets are apparently being acquired with some of Liberty’s stake in Sirius XM, more specifically, a percentage of their stake in XM holdings, through their Liberty Satellite LLC holding company.
Liberty Global another of John Malone’s companies (NSDQ: LBTYA, LBTYB) has also been busy getting its acquisition of Unitymedia (from Apollo and BC partners), a German Media and cable conglomerate, finalized, and also shedding its 37.8% position in Japanese cable company Jupiter Telecommunications (J:COM), for $4bn.
There can be no doubt that Liberty is indeed concentrating on Europe, the Caribbean and South America as areas of expansion outside the United States. The addition of Live Nation only enhances the situation. Live Nation has core business in producing, marketing and selling live concerts for artists with a global concert pipe. Live Nation is the largest producer of live concerts in the world, annually producing over 16,000 concerts for 1,500 artists in 57 countries. The company sells over 45 million concert tickets a year. Live Nation is transforming the concert business by expanding its concert platform into ticketing and building the industry’s first artist-to-fan vertically integrated concert platform. Headquartered in Los Angeles, California, additional information about the company can be found at http://www.livenation.com/investors.
With Sirius XM already having Effanel studios since 2005, even more synergies can be gained for all concerned parties between Liberty, Sirius XM and Live Nation. Of course, that is a future story that is yet to even begin. In fact it is only in its early infancy with the Liberty acquisition of a larger percentage of Live Nation not even 24 hours old. Still some healthy speculation based on known information is never a bad thing. Clearly, there is going to be much more value added to all three entities, Liberty, Sirius XM and Live Nation. Those who have the foresight to continue digging for information along that path may end up reaping very ripe and healthy fruit for their labor. The situation bears watching for sure, and I personally will be doing just that. As always, do your own due diligence and best of luck.
Sirius XM and Liberty and (Worldspace) Relationship
by Steve Garcia on Jan.26, 2010, under LCAPA, LCAPB, LINTA, LINTB, Media Companies, SIRI
Liberty Media Seeks Bigger Stake in Live Nation
By Steve Garcia
With the announced purchase of a larger percentage of Live Nation Entertainment (NYSE: LYV) by Liberty (NSDQ: LCAPA, LINTA) as well as comments from Liberty CEO Greg Maffei regarding the combination of Sirius XM (NSDQ: SIRI) and Live Nation , it appears that Liberty and Sirius XM are indeed going to enjoy a long and profitable relationship. Maffei did not speak to any known specifics of the future and the relationship, but he did show enthusiasm when speaking to it on CNBC.
Liberty has been very active recently with acquisitions as many of us already know. They should be closing imminently on the purchase of Worldspace (OTCBB: WRSPQ) assets through bankruptcy. The assets are apparently being acquired with some of Liberty’s stake in Sirius XM, more specifically, a percentage of their stake in XM holdings, through their Liberty Satellite LLC holding company.
Liberty Global another of John Malone’s companies (NSDQ: LBTYA, LBTYB) has also been busy getting its acquisition of Unitymedia (from Apollo and BC partners), a German Media and cable conglomerate, finalized, and also shedding its 37.8% position in Japanese cable company Jupiter Telecommunications (J:COM), for $4bn.
There can be no doubt that Liberty is indeed concentrating on Europe, the Caribbean and South America as areas of expansion outside the United States. The addition of Live Nation only enhances the situation. Live Nation has core business in producing, marketing and selling live concerts for artists with a global concert pipe. Live Nation is the largest producer of live concerts in the world, annually producing over 16,000 concerts for 1,500 artists in 57 countries. The company sells over 45 million concert tickets a year. Live Nation is transforming the concert business by expanding its concert platform into ticketing and building the industry’s first artist-to-fan vertically integrated concert platform. Headquartered in Los Angeles, California, additional information about the company can be found at http://www.livenation.com/investors.
With Sirius XM already having Effanel studios since 2005, even more synergies can be gained for all concerned parties between Liberty, Sirius XM and Live Nation. Of course, that is a future story that is yet to even begin. In fact it is only in its early infancy with the Liberty acquisition of a larger percentage of Live Nation not even 24 hours old. Still some healthy speculation based on known information is never a bad thing. Clearly, there is going to be much more value added to all three entities, Liberty, Sirius XM and Live Nation. Those who have the foresight to continue digging for information along that path may end up reaping very ripe and healthy fruit for their labor. The situation bears watching for sure, and I personally will be doing just that. As always, do your own due diligence and best of luck.
I think you are right, I am keeping mine.
I think so and he probably wanted to put a mussle on him. If you see SIRI logo have a mussle you know what it means......lol
Wow eastunder, good article. Kicking butt.....lol
It is starting GLOBAL is the buzzword-Apple Inc. getting serious - Sirius XM Skydock
The only way is that they hook up with WorldSpace, sure looks like it.
Apple getting serious – Sirius XM Radio Skydock
In its 33 years of history they had good and bad leadership, but rest assured they are in good hands again since the day Steve Jobs came back to the company just over 12 years ago. The company is on the cutting edge of technology and is leading the way to future technology and expanding its business to just about the entire world. Steve Jobs had the vision years ago to take the computers to Europe and now the Apple Iphone and the Ipod touch is changing the world once again with his ideas and visions. The Ipods, Itunes, Iphones and the Apps store and the Sirius XM Skydock is pure Genius. Apple is helping to connect the world. Key dates listed below..................
..............There is currently a news media “Revolution”. Once again it is Apple that is leading the way to let technology simplify people’s lives. The creation of the Apple I-phone 3G in July 2008 plus the merger of Sirius + XM Radio ( July 2008 ) along with the use of the Apple Iphones to download social media networks application for Twitter and facebook, has brought the world that much closer. Today, people can access information instantly via their Iphones along with getting news from their cars via Sirius XM Radio.
?On November 10th, Sirius XM Radio’s Skydock will turn in all those millions of sold Ipod Touches and Iphones into Sirius XM Radio receivers. The Skydock will duplicate the process for Apple and turn the Sirius XM Skydock into an ATM machine for Apple as they will get revenue for each Itunes download that comes from the Sirius XM Skydock.
Apple and Sirius both will work together to go globally, so that the world will be able to access the 100,000 Apple applications and growing.
The Iphone and Itouch provides info to its customers. This partnership will change how people access Live information from sports, TV shows, business and political news. It will be the end to Rupert Murdoch and his newspapers. We are only at Iphone 3GS, next up is 4G and 5G. China here we come.
Apple is the one of a kind Revolutionary company of all time. They changed personal computers, the music world and now they are part of a “ news media Revolution “ that will change the world forever and bring the news to the people instantly 24/7 via their cutting edge technology. Apple turned the cell phone industry into a wireless walking computer. The Apple Iphone of the future will be the one gadget that does it all. The internet, GPS, camera, video, social media, cell phone, Ipod for music and you will access live news and sports instantly via the Sirius XM Skydock. This one single gadget will do everything for you.
Richard Keane, narrator Stock Shock 12/14/09
http://siriusnews.com/blog/
Not me I am sitting on free SIRI shares, so they can go up or down won't affect me. Bought them at 17-19 cents on Feb 17-09. Anything now will be pure profit.
Sold enough to get my money back. Finally learned my lesson not to buy on margin or not taking your own money off the table, have been hurt in the past. Can only blame my greed...lol
Yep hope they make it juicy.....lol
Plus Sirius owns the WHOLE Stern archive.
That's about as valuable syndicated as "I Love Lucy" reruns.
Betcha. SIRI is getting lots of free press from all the spec. about Stern. Great publicity. This might be the ticket to his new paycheck...lol
RBC Capital’s David Bank Impressed By SIRI Results
Posted on January 21, 2010 Brandon Matthews
By Brandon Matthews
In a research note, RBC Capital analyst David Bank issued a bullish outlook on shares of Sirius XM Radio (NASDAQ: SIRI) following the company’s pre-announcement of its 2009 fourth quarter results, and will be reviewing RBC’s estimates in advance of Sirius XM’s earnings release.
Bank believes the rebound of the automotive market on the heels of the economic recovery bodes well for Sirius XM’s future subscriber growth. He notes that the fourth quarter marked the second consecutive quarter of net subscriber additions. He further cites improvements in both churn and conversion rates that suggest “a greater willingness to pay for the product.”
Siriuis XM reports to have added over 257,000 subscribers in the latest quarter. RBC had anticipated that Sirius XM would add only an estimated 49,000 subscribers. Bank states:
“essentially all of the pre-announced metrics were better than what we and the Street were expecting.”
Expecting a positive market reaction, the analyst acknowledges both secular and cyclical
concerns surrounding satellite radio, yet believes the results reflect stabilizing trends and a business that is starting to rebound. He believes Sirius XM could benefit from an upswing in confidence in 2010 and recovery in the auto market.
UPDATE: 11:26 am Sirius XM Radio Management to meet with RBC Capital on Tuesday January 26, 2010
Air America in BK, not like WorldSpace or SIRI who mainly makes money on subs.
Air America Radio closing, filing for bankruptcy
By RYAN NAKASHIMA; AP Business Writer
Published: 01/21/10 3:39 pm | Updated: 01/22/10 3:57 am
LOS ANGELES –
Air America Radio, a radio network that was launched in 2004 as a liberal alternative to Rush Limbaugh and other conservative commentators, on Thursday shut down abruptly due to financial woes............................
REASON WHY:
..................Air America said 10 consecutive quarters of declining ad revenue and the difficulty of making money on the Internet contributed to its troubles.
http://www.thenewstribune.com/updates/story/1038407.html
Not like SIRI who mainly makes money on subs.
Air America Radio closing, filing for bankruptcy
By RYAN NAKASHIMA; AP Business Writer
Published: 01/21/10 3:39 pm | Updated: 01/22/10 3:57 am
LOS ANGELES –
Air America Radio, a radio network that was launched in 2004 as a liberal alternative to Rush Limbaugh and other conservative commentators, on Thursday shut down abruptly due to financial woes............................
REASON WHY:
..................Air America said 10 consecutive quarters of declining ad revenue and the difficulty of making money on the Internet contributed to its troubles.
http://www.thenewstribune.com/updates/story/1038407.html
But how many of them have been the target of shorts and bashers? They have to get over that hump. Feel it is starting to get good press lately, though. Sure is better than last year this time........:o}
This is on the roll, I feel it. Still think it will take off like a rocket, maybe when the institutional buyers show up. After all Sirius has struggled since 1994, more than XM when they started. It is due.
I agree. It would be huge. Europe and China have more disposable income than Africa and India. Seemed to me WRSPQ was close to getting approvals in China.
The float is so tiny who knows how high it may go, it sure jumps fast up or down with low volume.
Motley changing their tune. Sirius XM's Back in the Saddle Again
By Rick Aristotle Munarriz ?January 20, 2010
Satellite radio bears had to be running low on ammo after Sirius XM Radio (Nasdaq: SIRI) unleashed some upbeat fourth-quarter metrics this morning.
Remember the subscriber defections that haunted Sirius XM during the first half of 2008? Well, that's history. The company closed its latest quarter with 257,000 more subscribers than when it started. This comes after tacking on 102,295 net subs during the third quarter. It's true that Sirius XM closed out the year with fewer subscribers – second-half gains didn't offset first-half net account cancellations -- but the trend is unmistakable.
Another cynic-silencing metric is the company's cash flow situation. Sirius XM now expects to report more than $100 million of free cash flow in 2009, a refreshingly welcome improvement over the $552 million negative free cash flow it reported a year earlier on a pro forma basis.
My favorite metric, though, isn't the subscriber or free cash flow gauges being parroted by the media. The most encouraging sign of Sirius XM's relevance comes from its conversion rate. Buyers of new -- and in a growing number of cases, used -- cars with satellite receivers typically receive free trials to check out the service. The percentage of users opting to pay for Sirius or XM service after the free trials had been steadily declining during the recession, but is finally bouncing back. This isn't just good news for Sirius XM. It's also good news for automakers, as Ford Motor (NYSE: F), General Motors, and other car manufacturers get a piece of the action when trial members sign up.
During the quarter, 46.4% of trial listeners became paying customers. It's a drop from the 46.8% clip posted during the third quarter, but it's comfortably ahead of the 44.2% conversion rate posted a year earlier.
Conversions were better before the economy soured, but this is still encouraging. It suggests that the drop in Sirius XM's conversion rate was more the handiwork of the recession than the emergence of new technologies. Apple (Nasdaq: AAPL), Research In Motion (Nasdaq: RIMM), and Palm (Nasdaq: PALM) smartphone owners have easy access to Pandora and other streaming content, but satellite radio is still filling a void in aural entertainment.
Connectivity and streaming content may be problems down the line, but bears may have to hibernate for several more seasons -- if not years -- before those pessimistic arguments stick. Sirius XM is rolling right now.
http://www.fool.com/investing/general/2010/01/20/sirius-xms-back-in-the-saddle-again.aspx
Prediction 0.82 or close to it...:o}eom