i have absolutly no info to back this up but i have always felt that XM was the more financialy stable of the two satcasters...

>>i have always felt that XM was the more financialy stable of the two satcasters...

That's like saying that a Category 5 hurricane is worse than a Category 4. On the surface you are almost right but your car is still gonna blow down to the next county if you are stuck in it. You can though make yourself feel better by saying that "it was only a 4" but you're still screwed. See?

I guess they need more money to line Mel n' Howie's pockets with.

250 million? Great! Howard's salary is half paid now!

Clearly I don't understand high finance.... because this seems like a desperate move to me. I'd be selling anything I have in Sirius as fast as possible.

Like I said though, this could be totally normal.

Sirius needs additional funds to keep the company running before profits. The concern is whether they will ever make a profit...lol

I thought I had read somewhere that XM was either running or was on track to be running in the black (barely) already. Anyone?

"I thought I had read somewhere that XM was either running or was on track to be running in the black (barely) already. Anyone?"

I have heard this as well, they are making a profit not much be it but they are making a profit, Sirius is still years from that

it could be for the tech side. better radios better sats.

>>I have heard this as well, they are making a profit not much be it but they are making a profit, Sirius is still years from that

XM IS NOT profitable. Go read their last quarterly report. When a number is reported inside of () that is a loss. For the first quarter of 07 I think it was like $122,000,000. Thats MILLION. LOSS!

You fellars need to read better shit! BOTH Sirius and XM are YEARS away from being profitable. BOTH!

2007 Q1
3/31/07
Net Income (Loss) (122,438)

Yeah....XM is profitable. Notice how it is in (), meaning it is a LOSS, not a GAIN. Fanboys are so annying.

Some of the Wall Street types think that the car company subscriptions are going to bail out this Siriusly Sinking Ship. They don't seem to know, or care, that the promotional subscriptions are purchased at heavily discounted (i.e, sub-market) rates. They also don't seem to know, or care, that most of the people who get the "free" subscriptions with the cars don't renew them after they expire. The car companies love satellite radio because its a cheap "extra" that helps them sell their cars. Too bad it's not a cheap way for Sirius to increase its market-rate, long-term subscriptions.

Watch that Sirius stock drop - from less than $3.00/share to $0.00.

Zero point Zero Zero.

(See how stupid and annoying that gets, Stern fans. I'll stop the Zero point Zero Zero, if you stop the Zero point Zero.)

I'm sorry, but this is terrible news. Sirius was burning cash too fast while Mel was dancing around his merger smokescreen. How and why XM's management agreed to this merger deal as "equals" is beyond me.

XM's shareholders get the shaft, plain and simple. If the merger goes through, there's another quarter billion dollars in deferred debt. There is no way this should have been a merger of equals. Gary got shamboozled.

Sirius is a sinking ship, especially now with this extra $250 million. Now it will drag XM down with it if the merger goes through. And if the merger doesn't go through, Morgan likely takes over and Sirius shareholders get the shaft. Oh boy, a win-win situation!

If you're still a shareholder of either company, you damn well better get out fast.

*sigh* Two great services, two terrible investments. How could something once so right turn so horribly wrong.

SatelliteRadioFan post is what ive been seeing everyone say, as an investor stand point. Oh well. Satellite Radio was a great idea. Thanks Howard.

>>Gary got shamboozled.

Never forget that XM can opt out of this deal for like $6 million. Or was it 8. XM must not feel too shamboozled because last I checked they were still in it.

>>Some of the Wall Street types think that the car company subscriptions are going to bail out this Siriusly Sinking Ship. They don't seem to know, or care, that the promotional subscriptions are purchased at heavily discounted

Yet all of the XM fan boys run around thumpin their chests declaring that OEM will save the day.

Go look at both companies average revenue per user. OEM is factored in to that. Both are in the $11 range. That's not too shabby. If Sirius and XM want more OEM trial subs to convert then it is up to them to compel people to pay. Easy.

dualsub2006 wrote: "Never forget that XM can opt out of this deal for like $6 million. Or was it 8. XM must not feel too shamboozled because last I checked they were still in it."

I believe if either service pulls out, they owe the other that $175 million fee. Neither service can afford that now (not that it matters).

Sirius is hemoraging money like crazy.. I wonder why?? Gotta feed the doggie, so all the doggie does is eat and crap money... Way to go Mel...