Someone Is Finally Listening to Sirius XM Shareholders 30 comments
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By Brandon Matthews
Unfortunately, it’s not Sirius XM (SIRI) management. For years Sirius XM investors have been screaming for a deal with Apple (AAPL). Sirius XM investors are rightfully excited over a new iPhone application promising to bring Sirius XM into the 21st century.
As Sirius XM investors hold their breath in anticipation of this wonder of modern technology to be unveiled, two of Sirius XM competitors Tuesday made headlines with their own iPhone applications. Content may be king, but the delay in bringing this application to market by Sirius XM is costing the company market share with each passing day.
Bloomberg is reporting that Pandora will see record profits this year, with nearly 1/3 of its 50 to 60 thousand daily subscribers coming by way of its own iPhone application. To make matters worse, Ford (F) Monday announced that it would partner with Pandora with competing products to those offered by Sirius XM.
In a press release Tuesday, Slacker reported the release of a new updated iPhone Application for iPhone, iPhone 3G and iPod touch. The reaction from Sirius XM? Silence. It took Sirius XM nearly a decade to catch XM satellite radio before the company was able to match the XM subscriber count.
Sirius XM had a chance several months ago to have an application in the market, at absolutely no cost to the company, instead squashing the independent application on the eve of its birth.
Apparently, history is being repeated.
Disclosure: Long SIRI
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18.6 Million Subs is all I can say. SAT is not going anywhere. You can use Pandora and all those other crappy streaming services, but SAT will always rule when it comes to quality. Not to mention that the FREE model that Pandora and other's use will last as long as ANALOG TV did, and then POOF, you need to pay for Radio just like you do TV.
SIRI will be light years ahead of the game with the infrastructure they have. It's not cheap to launch Sats in the air and then build a book of business of 18.6 million loyal customers.
Let's face it, I'm a customer and invested in the company. I could have put my money somewhere else in the last 2 months and made 3x on my investment. Say Bank of America, or Conseco, but I am a strong believer that one day, and I mean one day not tomorrow or next month, that SIRI will be a $5-6 dollar stock once again, and my investment at .28 will be better than if I dumped money into another company.
If you don't like SIRI then just go away. don't pop in here and read this article just to bash it. JEEZE, it's like you NON iPhone users who spend hours reading iPhone articles just to bash the people who love their iPhones. Stop being jealous because you bought SIRI at $4 and are in a holding phase until it rises.
HAHA SUCKAS
You don't have a clue what people bought this stock at NUTBAG.
Frank
On May 20 09:24 AM deebo888 wrote:
> IPHONE 3.0 IS ALL I HAVE TO SAY PEOPLE. They are waiting for Apple
> to release iPhone 3.0 software. That's the driving force behind the
> application. With the current 2.0 software you will not be able to
> sign up to SIRIXM. With 3.0 you will. Why would they release something
> now that won't work. Sit tight everyone.
>
> 18.6 Million Subs is all I can say. SAT is not going anywhere. You
> can use Pandora and all those other crappy streaming services, but
> SAT will always rule when it comes to quality. Not to mention that
> the FREE model that Pandora and other's use will last as long as
> ANALOG TV did, and then POOF, you need to pay for Radio just like
> you do TV.
>
> SIRI will be light years ahead of the game with the infrastructure
> they have. It's not cheap to launch Sats in the air and then build
> a book of business of 18.6 million loyal customers.
>
> Let's face it, I'm a customer and invested in the company. I could
> have put my money somewhere else in the last 2 months and made 3x
> on my investment. Say Bank of America, or Conseco, but I am a strong
> believer that one day, and I mean one day not tomorrow or next month,
> that SIRI will be a $5-6 dollar stock once again, and my investment
> at .28 will be better than if I dumped money into another company.
>
>
> If you don't like SIRI then just go away. don't pop in here and read
> this article just to bash it. JEEZE, it's like you NON iPhone users
> who spend hours reading iPhone articles just to bash the people who
> love their iPhones. Stop being jealous because you bought SIRI at
> $4 and are in a holding phase until it rises.
>
> HAHA SUCKAS
I saw in earlier post from Jay Boy Billy, "The iphone app will not happen."
He posted this 3 weeks ago. How did you know and Jay Boy what else can you tell us about the future?
And now this, "Sirius XM had a chance several months ago to have an application in the market, at absolutely no cost to the company, instead squashing the independent application on the eve of its birth."
Frank
Seems suspicious to me. Many of the statements in this blog were past events so why wasn't it brought up earlier?
Looks suspicious to me.
Frank
On May 20 01:35 PM ScroogeMcduck wrote:
> stupid if u really think that anything written in this blog is going
> to move the price of this stock do yourself a favor and put you money
> into a mut. fund cause you lack the intelligence to trade on your
> own.
Who said ANYTHING about blogs moving stocks?????
You're just blurting out crap so your intelligence is in question or did you just have a bad day. Hope the latter.
Frank
On May 20 01:35 PM ScroogeMcduck wrote:
> stupid if u really think that anything written in this blog is going
> to move the price of this stock do yourself a favor and put you money
> into a mut. fund cause you lack the intelligence to trade on your
> own.
Frank
On May 20 08:41 AM 123455 wrote:
> SiRi -Hope..... I have been with Siri for years. I have been WAITING
> for YEARS.. Mel is a numskull...face it. IF he cared about his debt..he
> would have made this deal happen........even If it were wrong.He
> would have done SOMETHING. Napster is just around the corner.And
> it's cheaper..People buy Cheaper. You think there aren't other company's
> that are a threat to Siri? Just because they have a Monopoly does
> not mean ANYTHING anymore. Ford is done, that was the deal. The iphone
> was nothing compared to what Ford has done.What planning ????, the
> i phone already has a app. for radio,just under a different name.
> A different program package maybe? How about raising the Sub. price
> again. That might work too. You and ME better HOPE that Siri is
> around in 5 years.I really don't think they will be.(.72 Mel... please)
> They only have 2 years on the contract with Howard Stern and you
> better believe that's why people are buying,not for Martha Stewart
> or Oprah or Music for that matter......Not to mention Liberty will
> be wanting their money. What a cluster****
Siri was in the sh*t hole well before Mel took it over. It's not Mels fault, positive speculation has just worn thin with this company since he was hired as the company CEO. Mel was the one that got the subscriber base moving, as if you actually pay attention to the history of this company, before he was CEO there was less than 780,000 paying subscribers, with under 10,000 subscribers gained quarterly. A portable dock receiver back then almost cost $300, and acquisition costs were as high as $110.
Lets move 4 years forward. Mel merged, and acquired XM satellite radio, with siri stock that caused major dilution. A portable dock receiver can be purchased for less than $60, acquisition costs are under $70. Now teh comapny as a whole has over 15.5 million paying subscribers.
If you look at the balance sheet from 2004 and the balance sheet from 1st quarter of 2009. Mel has done a fine job, recovering the company from the many problems that plagued it before he was CEO.
He's made viacom millions and during his reign with viacom the stock sky rocketed. You don't know your history very well. As they say history repeats its self. Fact is Mels contract will be up this year, chances are he will get a contract for another 4 years.
Mels doing a fine job running the company, no one would of expected that for the last 2,1/2 years that short sellers would profit from this company because of financial debt obligations. Short sellers fear the worst that if this company does meet it's debt obligations and does become cash flow positive, the shorts can no longer make money on this stock, but as long as there is debt, there always banking that bankruptcy will occur.
Again though none of that is Mels fault, it's a bad sector of the market to play in for the time being. Hell, terrestrial radio stock itself has almost shed 70% of stock in almost every company across the board. satellite radio is doing just fine.
On May 21 09:41 AM 123455 wrote:
> Lower docking fee?
On May 21 01:00 PM Robert Radano wrote:
> If XM/siri was smart...and so far there is no
> indication they are...they would get rid of some channels and expand
> the bandwith for the remaining offerings so the sound is superior
> to FM, pandora and even the Ipod. In the audio/visual world, superior
> technology matters. Delivering a parallel product is just not a
> compelling business model. The talk radio stations don't require
> more bandwith, but the music quality does matter.
When most people listen to music through car stereos or ear buds, sound quality is not that high on the list. Control, flexibility, and cost matter.