Sirius re-ups with Directed Electronics
Tuesday, November 27, 2007 at 1:35 PM
Tags: Directed, Partnerships, Sirius
Directed Electronics, Inc.announced this morning that they've extended their contract with Sirius Satellite Radio Inc. - news that has sent the DEIX stock up over 50% today.
Directed said the new contract contains "certain changes" to the handling of customer returns that will enhance cost recovery, reduce uncertainty and volatility with respect to returns and meaningfully improve the predictability of their earnings.
These "certain changes" will go into effect on January 1, 2008.
Featured Entries
Search Orbitcast:
Latest Poll
Comments
So what are the "certain changes"?
Posted by: IdRatherBeSkiing | November 27, 2007 2:01 PM
Hummm, Delphi still making units, DE still making units... looks like they will continue to produce and support both systems if the merger goes through... meaning 3 new Sirius satellites. There goes atleast 15 billion in "Synergies".
Posted by: jeff | November 27, 2007 2:45 PM
Hummm, Delphi still making units, DE still making units... looks like they will continue to produce and support both systems if the merger goes through... meaning 3 new Sirius satellites. There goes atleast 1.5 billion in "Synergies".
Posted by: jeff | November 27, 2007 2:45 PM
As long as they do a better job soldering parts together, that may be 50% improvement. A very quick fix, just use better solder.
Posted by: Albert | November 29, 2007 1:40 AM