Hmmm, well what's this all about? Sirius XM Radio Inc. CEO Mel Karmazin is going to be speaking at Bank of America's Media Media, Communications & Entertainment Conference this Wednesday.
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We just saw the Q2 earnings release from Sirius XM Radio Inc. and now Orbitcast will be live blogging the investor call LIVE for those who can't tune in. Keep refreshing the page for all the updates...
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- A little audio is leaking in while the hold music is playing
- Psst, Mel, the mic is on!
- Standard disclosure about "Certain statements during this call might be forward looking statement..." blah blah blah
- Now over to Mel Karmazin
- "We are very pleased with the financial results"
- Demonstrate the "strength of our business model"
Sure, internet radio and mobile audio may be the next "hot thing" but satellite radio is proving to be a solid business model with real profits - that's evidenced by the fact that Sirius XM Radio Inc. just posted a 16% year-over-year increase in revenue as part of their Q2 2010 earnings results.
Sirius XM Radio Inc. will release its second quarter 2010 financial and operating results on Wednesday, August 4th, the company just announced.
Today's subscriber growth numbers have thrown analysts and industry pundits into a tizzy, while others remain somewhat skeptical of the good news until the financial results are announced.
Last year, Sirius XM Radio Inc. had a decline in subscribers by just over 400,000 during the first quarter - but this year we're getting some good news, showing signs of growth returning to the satellite radio sector.
Sirius XM Radio Inc. got their hearing with the Nasdaq that they requested after receiving a de-listing notice from the exchange last week. The hearing has be scheduled for April 29, 2010, the company said today.
Following news late Wednesday that Sirius XM Radio Inc. received a de-listing notice from Nasdaq, shares of SIRI slid 3.6% to 86 cents per share on market closing today.
In an SEC filing released today, Sirius XM disclosed the full contents of the letter from the Nasdaq.
In an SEC filing released today, Sirius XM disclosed the full contents of the letter from the Nasdaq.
Sirius XM Radio Inc. has received a notice of de-listing from the Nasdaq stating that it is not in compliance with the $1.00 minimum closing bid price requirement for continued listing on the exchange, the company said late Wednesday.
"We are committed to remaining listed on The NASDAQ Global Select Market," said Mel Karmazin in a statement.
"We are committed to remaining listed on The NASDAQ Global Select Market," said Mel Karmazin in a statement.
After Sirius XM Radio Inc. showed some significant improvements in their 2009 earnings, investment analysts expressed seeing a positive future for the company and its stock.
As Barton Crockett of Lazard Capital puts in, "what to do? ...stick with the BUY, and raise the price target to $1.35."
As Barton Crockett of Lazard Capital puts in, "what to do? ...stick with the BUY, and raise the price target to $1.35."
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