Orbitcast is live at the New York International Autoshow today!
These are two enormous signs on the front of the Jacob Javits Center in Manhattan. In fact, both Sirius and XM have more of a presence in front of the building than any of the auto manufacturers.
These are two enormous signs on the front of the Jacob Javits Center in Manhattan. In fact, both Sirius and XM have more of a presence in front of the building than any of the auto manufacturers.
XM had a bit more signage at the show, this display is particularly huge:
Not to mention all the doors have "XM" plastered on them...
And when you walk through the door, there's this huge banner hanging over you:
Not to be outdone, Sirius has it's own huge banners at prominent locations (this is going down the escalator... sorry for the blur):
Don't worry, Sirius has a lot more signage here, I just haven't had the chance to upload them all yet. More to come...
"Satellite Radio Facing Bankruptcy?"
"Satellite radio companies have been suffering heavy losses – and plunging stock prices – even as they continue to add subscribers. And a front-page story in Tuesday’s Wall Street Journal warns that the worst may be yet to come... Industry leader XM Satellite Radio Holdings Inc. lost $667 million last year, and rival Sirius Satellite Radio Inc. lost $863 million. The big losses have shaken investor confidence in the industry. XM shares have lost 71 percent of their value this year, and Sirius shares have lost 51 percent... For one thing, a substantial number of people who buy vehicles with pre-installed satellite radios don’t activate them, nor do many who receive a radio as a gift. It’s estimated that 10 percent of all store-bought radios given as gifts during the last holiday season were never activated. Also, those who do subscribe often abandon the service after a period of time, some switching to iPod adapters to provide music in their vehicle."
http://archive.newsmax.com/archives/ic/2006/8/15/175258.shtml
Will it help this, or perhaps it is because of this.
This article is dated August 2006 dumb ass
Does that sign say "Welcome East Side Dave"?
FYI... XM depreciates their satellite system by 25 million more than Sirius per Q creating 100 million more paper losses than sirius. XM also has been deleveraging getting themselves in a much better position, The construction, launch and subsquent XM5 payments have also contrbuted to the losses. XM has 3-6 more months of this and many big expensed stop.
IMO XM knows this and the Merger crap is just a smoke screen designed to do many things. Expose the NAB's meddeling, Bring light on the preformance royalty act and how terestrial does not pay as wel as occupy the investors with something while they continue to loose money and have dismal retail numbers. XM was also IMO hoping that Sirius methods of counting subscribers (Not wrong but deceving) would be recognized. All in all XM is a much stronger company to have done all of this and to keep their losses simmilar to Sirius. Now its time for too many restrictions to be put on the merger and both partys will walk away. IMO at this time XM will then show big gains in reducing the loss while Sirius will not be able to do the same.
Welcome to New York, Ryan!!!
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