After hours call is interesting. Obviously either holding out hope FCC rules by then--or expects a ruling during the day that day

Oh snap -- here it comes!

I want to know what this has to do with Touch Free Faucets?

I'll say this, Mel is a class act. Joe Clayton would have been like "them damn FCC rascals sure are taking their goddamn time."

The FCC is functionally useless in America.. Just though I needed to throw that out there.

Remember, this is the last day they can report without violating SEC rules. No announcement from XMSR at the time of this posting

Oh shit.

There goes the neighborhood.

See you at $2.25!

Oh shit, here comes the neighborhood. See you at $4.40.

Aren't the Q1 results for Sirius gonna be B-B-Bad ? Nobody is subscribing to Sirius because most ppl are holding off until the merger.
I hope the stock doesn't tank due to results that analysts must know to be horrid.

"Nobody is subscribing to Sirius because most ppl are holding off until the merger. "

NEWS FLASH! People dont care about satellite radio.

Haha, obviously Scott does to take time out of his day to post here.

The results of the quarter will be bad, and its already priced into the stock, so long positions need not worry about that. They need to worry about the stress the FCC apathy is putting on the share value.

Notes: SIRI and XM are both positioned to remain in business through 2008 without additional cash influx. So unless the FCC pushes this past summer, there should be enough time to reap the synergy and go Cash Flow Positive before any additional debt / stock dilution will occur.

The determinant of value though will be in the buybacks. At a hefty 2+ Billion shares, there will be MINIMAL movement in the stock until the outstanding shares are cut back. While most are expecting a reverse split, i would be very surprised. Buybacks would probably be about 3 years out, as the first two would be reducing debt and one time costs (moving to a single financial ERP, consolidating there systems, selling off redundancies, etc.)

BAD News: Longs will be long to realize considerable returns
GOOD News: A $3 stock has the potential to be $30 in 5-6 years, but still with a lot of potential risk. It might make sense to look at other opportunities for 2 years, then look at the buy in when analysts take this off the speculative / high risk list and start to move it to stable.

WASHINGTON, May 7 /PRNewswire-FirstCall/ -- XM Satellite Radio (Nasdaq: XMSR) has scheduled a conference call for Monday, May 12, 2008, at 10:00 a.m. ET to announce and discuss its first quarter 2008 financial results. Prior to the call, XM Radio's first quarter 2008 results will be posted to the Company's Web site at http://www.xmradio.com/ and released to PR Newswire and First Call.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070313/XMLOGO )

To listen to the conference call via telephone, please dial one of the following numbers approximately 10 minutes prior to the planned start of the call.

Call-in number: (877) 265-5808
Local call-in number: (706) 679-7931
Conference ID#: 46660772

The conference call can also be accessed through a live webcast on the Company's Web site at http://www.xmradio.com/ (click on "Investor Info" link at the bottom of the page). The webcast of the call will also be archived on the Company's Web site.

If you are unable to participate in the scheduled call, a replay of the conference call will be available after 11:30 a.m. ET on Monday, May 12, 2008 until August 12, 2008.

Playback Numbers: (800) 642-1687
Local playback number: (706) 645-9291
Conference ID#: 46660772

About XM

XM is America's number one satellite radio com

see xm is announcing on monday the 12th also!!! MAYBE??? nay!! tic toc tic toc, listen to the clock listen to the clock!!!

Pack,

You had me until you started talking 30.00 per share. The "new company will have 2.8 Billion shares. Do you suggest that in three years the cap of SIXM would be 84 Billion bucks or that 1/3 of shares outstanding could be purchased to make your "dream" a reality?

I think George Bush will be deemed by the Queen to be intelligent before 30.00 happens in a lifetime.

12.00 in 2015 maybe.

No youre right, 15-16 years is more like it. There have to be MAJOR buybacks for this to happen. I do think that the merged company is a 30B company after 7 years if Mel can do four things:

1) Get the 9B in Synergies that Eileen Furakawa (Citi) touted while she was still following the sector within 2 years.

2) Get advertising revenue consistent with terrestrial radio, which is possible with 200 channels (talk and non-music programming)

3) Pay off the debt and buyback stock at a consistent pace over 5 years (after the first 2 years of one-time restructuring costs are through)

and most importantly:

4) Set up agreements with car dealerships to have "Life of Lease" subscriptions standard for both New and Used cars. This is CRUCIAL, as it would be necessary to kill any worries about churn and SAC.

Thats more realistic, the other comments i wrote while i was oggling a chick with legs that make gisele look like artie lange. Now showing at "DOMA" off 7th ave in the village.

Stealth bashers...

The stock is perforning well over the past few days. Our Fund is bullish. Being short here is not wise...we assure you.

"Haha, obviously Scott does to take time out of his day to post here."

Thats because i have XM already. Have you see the retail sales for both of these companies?

YES to "merge" MONOPOLY
YES to Xmelots
YES to Lee Abrams
NO to Mel and Howard!

YES to "merge" MONOPOLY
YES to Xmelots
YES to Lee Abrams
NO to Mel and Howard!

YES to "merge" MONOPOLY
YES to Xmelots
YES to Lee Abrams
NO to Mel and Howard!

hoo hoo, they should be calling it "howie stock" robin, hoo hoo, i invented stocks

"No youre right, 15-16 years is more like it. There have to be MAJOR buybacks for this to happen. I do think that the merged company is a 30B company after 7 years if Mel can do four things:

1) Get the 9B in Synergies that Eileen Furakawa (Citi) touted while she was still following the sector within 2 years.

2) Get advertising revenue consistent with terrestrial radio, which is possible with 200 channels (talk and non-music programming)

3) Pay off the debt and buyback stock at a consistent pace over 5 years (after the first 2 years of one-time restructuring costs are through)

and most importantly:

4) Set up agreements with car dealerships to have "Life of Lease" subscriptions standard for both New and Used cars. This is CRUCIAL, as it would be necessary to kill any worries about churn and SAC.

Thats more realistic, the other comments i wrote while i was oggling a chick with legs that make gisele look like artie lange. Now showing at "DOMA" off 7th ave in the village. "

..............................................................................

This is all well and good if it was a perfect scenario, but it isn't.

To rebutt what you said:

1) Eileen is clueless. The best-case scenario by all the analyists pooled together is closer to 1-2 billion. Tops.

2) Advertising revenue will NEVER approach terrestrial. Satellite is a tiny zit compared to the terrestrial Gorilla. Advertising revenue is strictly based on the number of listeners. Think about it. 300 million vs 15 million. Due the math. Mel's biggest mistake is believing that Satellite was going to pull in anywhere near what he earned on terrestrial. Then the truth came crashing down on him hard. Why do you think he wants XM's subscribers so bad?

3) Agreed

4) Too bad they didn't do this from the beginning, or more importantly, get auto manufacturers to actually have them standard equipment in all makes and models. Now it's 5 years too late.

The industry is changing too fast for Satellite Radio now. Unless they can come up with innovative ways to let consumers interact with the media, they are a lost cause.

We are quickly turning into a "my content, my way" society. Satellite may have the content, but they fail miserably at the "my way". All the content on satellite is available elsewhere. Yes, even Stern (do a torrent search sometime).