Sirius XM Continues to Deliver on Q1 Promise of Expanded Programming Lineup

By Demian Russian

Reports began coming into Satwaves this weekend that Sirius XM Radio (SIRI) has brought CNBC to their full Internet lineup, including their Apple (AAPL) iPhone/iPod Touch app. Sirius XM is the first and now the exclusive provider of CNBC live content on the iPhone. While Bloomberg has been available on the online feed for quite some time, CNBC was a notable omission to the internet lineup. Now Sirius XM subscribers will be able to keep track of all of the latest financial news as it happens – anytime, anywhere. This overdue change seems to coincide nicely with the pending release of the XM SkyDock.

Sirius XM continues to deliver on its Q1 earnings call promise to bring an “expanded programming lineup that includes SIRIUS XM’s exclusive sports talk, news, comedy, and 100% commercial free music channel, as well as new talk, comedy, and music showcase channels.” The satellite radio provider had already beefed up its online offerings going into the Apple iPhone app release with a handful of new channels. Some of the programming was exclusive to the online feed, such as the Bootlegs music channel. These new channels bring added value to their premium online package.

Sirius XM is well positioned being the exclusive provider of CNBC live content on the iPhone. Apple consumers have been asking for live content and Sirius XM is now poised to deliver that exclusive content. Bringing CNBC to the iPhone is yet another example of how Sirius XM continues to differentiate itself from Slacker and Pandora – which provide nothing in the way of live content.

Who would have thought that Satwaves favorite (wink) Jim Cramer would become an attraction on Sirius XM Radio that may actually help boost subscribers! Will the sneers of the Fast Money Team and Mr. Cramer come to end now that they find themselves broadcasting to tens of millions of satisfied Sirius XM customers? Will the 50 million Apple device consumers help them to see the error of their ways? CNBC will want to let their viewers know that they can now listen in on their iPhones. Being the exclusive provider, Sirius XM Radio will no doubt be mentioned by the CNBC network as it promotes its newest content delivery system.

Position: Long SIRI

Comments

[User 486435:]

Can anyone tell me when this stock will be at .75 Thank you Jim

Sep 16 06:46 PM

[jmsithy:]

by tomorrow then will probably drop somewhat


On Sep 16 06:46 PM User 486435 wrote:

> Can anyone tell me when this stock will be at .75 Thank you Jim

Sep 16 08:14 PM

[User 486435:]

thanks

Sep 16 09:07 PM

[connorport:]

Its called the internet. Internet radio!


On Sep 15 12:57 PM Jerrold Williams wrote:

> lol.....notice the thumbs down when you say reality...How in the
> world is SIRIUS XM going to put satelites over China to make service
> available to the chinese? People post non-sense irrational dreams
> and get a thumbs up.......I will give you a thumbs up James for having
> rational sense on a site that is becoming SIRUIS XM irrational dreamers....I'm
> long SIRIUS XM....but not delusional...

Sep 16 09:13 PM

[connorport:]

To watch SIRI is to watch the market. If anyone thinks the dollar is a good place to sell then i say go ahead but i have to agree. As the economy recovers so will the stock market and we will see SIRI hightail it quickly to $1.50 before pulling back to $1.20-$1.30 and then steadily push to over $2. The dollar mark is a dumb place to sell as SIRI's compliance issue will be resolved at that trading level pushing a lot of buys. Its the "take the scare out of the stock" level. When it breaks through the dollar i believe people will dive in running it to $1.50 and then profit takers will jump on for a second before more longs pile on. Thats just me. Thats how i see the play going down.


On Sep 16 02:36 PM R A F wrote:

> A question came up yesterday as to what trading will look like when
> SIRI gets to 1.00: A lot of profit taking? sell 1/2 the position?
> sell entire position? etc? Without getting ahead of ourselves
> - because this still will take a lot of work to attain - when
> we get to 1.00 it is my belief that there will be considerable upside
> potential beyond that objective into the future. While there will
> no doubt be a lot of profit taking and churning in this region, the
> attainment of 1.00 will actually strengthen the technical framework
> and continue to project probability toward 4.00+ over the next few
> years. This is a major recovery after 5 to 10 years of pronounced
> declines and it is unlikely to fully run its course within less than
> one year and less than 10% retracement of the declines from that
> time span. While it will be tempting to get out of highly profitable
> positions along the way, I believe SIRI will trade considerably higher
> than 1.00 over the next 2 to 3 years. Just one man's thoughts!

Sep 16 09:19 PM

[connorport:]

Next Wednesday at approx 12-12:30 pm est. If someone knows the answer to that question then i need him or her to pick some lottery numbers for me.


On Sep 16 06:46 PM User 486435 wrote:

> Can anyone tell me when this stock will be at .75 Thank you Jim

Sep 16 09:21 PM

[connorport:]

This has nothing to do with Cramer. CNBC is a highly recognizable brand name for news. Thats it.


On Sep 15 07:18 AM mlongj wrote:

> Adding CNBC is a great way to silence Cramer. He might not become
> a fan of Sirius, but it would be safe to assume the network will
> curtail his bashing due to this new arrangement. Would Cramer now
> tell his viewers NOT to get the iPhone app because he hates Sirius
> so much? Hmmm....seems like Mel always has something new up his sleeve.
>
>
> Long SiriusXM

Sep 16 09:26 PM

[connorport:]

Hello! Neal you are right. Its called the 21st century. Im am sure there was a time when everyone said "who the heck is going to have garage sales on the internet?" and along came EBAY. Integrating with successful products on the market today can not only boost sales of successful companies like apple but also revive slumping sales of some flatlined companies such as Garmin. The key to SIRI's future will be with these alliances and when it comes to radio they have content like no other to barter with.


On Sep 15 08:44 PM Neal Barkett wrote:

> China is a pipe dream as far as Satellite coverage but the internet
> could be another story. I would think there is a huge market worldwide
> for Sirius Xm via internet! Remember Sirius Xm uses satellites as
> just one way of getting their content out and they do have content
> that is very marketable outside the USA! Actually the potential could
> be unlimited.

Sep 16 09:33 PM

[mlongj:]

It does seem to create a conflict of interest at the very least. Cramer is paid by CNBC. I simply do not see any further negative statements from Cramer on Sirius going forward. Could see a complete reversal after it breaks the dollar mark. Eventually the admission will be made concerning the viability of this company as an investment.

Long SiriusXM


On Sep 16 09:26 PM connorport wrote:

> This has nothing to do with Cramer. CNBC is a highly recognizable
> brand name for news. Thats it.

Sep 17 07:20 AM

[1more4me:]

I'll be the pessimist...
(i'm not- just giving an opposing view to provoke thought)
The 1.00 mark could be a very strong point of resistance. One that it may break but slip back below and have a hard time getting away from to the top side. First lots of profit will start to get raked off- simply because it has been a talked about GOAL for a nearly a year now.
Second, I see the possibility that being above 1.00 will allow retail Short sellers to re-enter the game. (I shorted from 3.00 to .30 prior but I played it both ways.) That again will allow me to enter a short as a hedge against my longs and allow me to build in either direction as momentum leans up or down. It's a very profitable way to play a range!
Third, it has to get there on technical and performance based measures that will show an undeniably bright future. Qtr 3 and 4 reports must be meaty! If it gets there on smoke and emotion- staying above will be difficult.
Now- the one worm in this apple is "current institutional shorts". When- not if- when the herd starts to stampede- all ideas and predictions of topside resistance are moot- there panic could very well run this into the 1.00-1.50 range- if not more- at any moment and in very short time frame like 1-2 days. A banner piece of news tomorrow, the fervor before the report- who knows...
There will be a big spike then a pullback- where it settles starts a whole new game.
Just an opinion- Long SIRI- PEACE.

Sep 17 09:40 AM

[jmsithy:]

someone left their shorts on the stove

Sep 17 10:56 AM

[jmsithy:]

I think I will buy some shares at .0001

Sep 17 11:33 AM

[Jerrold Wil...:]

My opinion is if and when this stock hits the $1.00 mark...we can look for the company to be seen as out of the bankruptcy threat. I constantly hear the stock being bashed due to it being a penny stock. When good news such as subscriber growth, reduction in expenses and out of penny stock land...This stock should be back to the $3.00 + range as it was before the nmerger.
I wonder when SIRIUS XM will start to run tv ads...I'm noticing a lot of Rhapsody ads for their service. Anyone know how many subscribers they have? I use to have their service and It was pretty good. I just preferred SIRIUS XM, Because I wanted something in my car, and I enjoy talk shows as well.....

Sep 17 12:03 PM

[jmsithy:]

has anyoen see this article yet written by Seeking Alpha what a load of bunk

20 Companies Most Likely to Go Bankrupt in Next Year 6 comments
by: Market Folly September 17, 2009 | about: AIV / AMD / AMKR / AMR / CAL / CBS / FDML / GT / HTZ / IPG / LCAPA / LVS / M / MYL / OSK / RAD / RWT / S / SIRI / TXT
Market Folly
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Font Size: PrintEmail TweetThis In addition to the updated problem bank list we posted up the other day, we saw this and thought it would be worth flagging for those interested. Audit Integrity, an independent research firm, has highlighted the top 20 companies that they believe have the highest probability of filing for bankruptcy. They limited this specific list to publicly traded firms that have over $1 billion market capitalization. In no particular order:

Advanced Micro Devices, Inc. (AMD)
Amkor Technology, Inc. (AMKR)
AMR Corporation (AMR)
Apartment Investment and Management Co. (AIV)
CBS Corporation (CBS)
Continental Airlines, Inc. (CAL)
Federal-Mogul Corporation (FDML)
Hertz Global Holdings, Inc. (HTZ)
Interpublic Group of Companies, Inc. (IPG)
Las Vegas Sands Corp. (LVS)
Liberty Media Corporation (Capital) (LCAPA)
Macy's, Inc. (M)
Mylan Inc. (MYL)
Oshkosh Corporation (OSK)
Redwood Trust, Inc. (RWT)
Rite Aid Corporation (RAD)
Sirius XM Radio Inc. (SIRI)
Sprint Nextel Corporation (S)
Textron Inc. (TXT)
The Goodyear Tire & Rubber Company (GT)
They rate over 12,000 companies so as always take these with a grain of salt and obviously do the necessary due diligence on them. One particular company on the list is intriguing though: Textron. The private jet manufacturer has been on a volatile ride over the last year (to say the least) and our friends over at Zero Hedge have done some excellent sleuthing regarding various activities Textron has conducted with Goldman Sachs as of late.



Source: Reuters

Sep 17 02:53 PM

[jmsithy:]

355,000 for the last 7 min of trading and majority is all computer flash trades

Sep 17 03:53 PM

[Mr. Stupid:]

Nasdaq warning of delisting and Siri down just one cent. MMMMMM, expected news Siri Doom......

Let's see what's in store for tomorrow to see the real effect of this. If Siri can hold between .65 and .68 we will be a ok.

Mr. Stupid

Sep 17 04:28 PM

[connorport:]

How come you left this part of the story out?

The Company intends to maintain the listing of its common stock on Nasdaq and will consider available options if its common stock does not trade at a level likely to result in compliance with Nasdaq's minimum bid price requirement by March 15, 2010. This notification was expected given the reinstitution of Nasdaq Marketplace Rule 5450(a)(1) on August 3, 2009 and has no effect on the listing of SIRIUS XM's common stock at this time.

Get outta here. Tell the full story if you must. Don't just cut and paste to rearrange the negatives. SIRI is closer than ever to profits and when those announcements are made at Q3 we will see where we go.

On Sep 17 08:51 PM SIRI-Doom wrote:

> If anyone thinks I feel vindicated, you are wrong.
>
> This delisting/rev-split was sad news when I first started warning
> people about it a month ago. It is still sad news.
>
> I truly hope I was able to save a few genuine people from losing
> money. That would make all the bashing I received worth the effort.
>
>
> Hope I was able to save some of you. The news came out after hours,
> just as I warned…

Sep 17 09:58 PM

[banker27520:]

Not an issue at all. Reverse split isn't in the cards and not necessary. Now that this letter is out and on the table stock will continue it's rise to $1. Doom isn't correct on anything, he's just a fear monger.

Sep 17 10:21 PM

[jmsithy:]

well I am getting ready for a big sell off tomorrow at openning everyone pretty much knew this was coming this week when this rose to .73 pretrade to just drop like a rock down to .69 now that the letter has come out and this was after the market closed now all we can do is wait and see how the market fairs tomorrow with Siri. I am selling during pretrade before this drops below .68 because I have a feeling this will drop like a rock at opening, and will only bottom out when the news is digested by the street and the public, which I will come back in with more shares / the Reverse Split wont be set in stone for another 30 days/ so it will be anyone's guess, good luck all and for the record I hope the stock does go up tomorrow, but highly unlikely

Sep 18 12:04 AM

[jmsithy:]

lol look at everyone panicing the sky is falling the sky is falling look at this trash on how the media spun it

Sirius Must Get Stock Above $1 Before March 15
By Dan Frommer
On Thursday September 17, 2009, 5:50 pm EDT
Buzz up! 6 Print
Companies:SIRIUS XM Radio Inc.

Sirius XM announced that it got notice from the Nasdaq on Sept. 15 that it is not in compliance with exchange rules, because its stock has closed below $1 per share for 30 consecutive business days.


The company could be delisted if shares don't trade above $1 for 10 consecutive business days by next March 15.


Sirius could fix ths problem easily by going through with a reverse split that its stockholders approved in May.


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does not list well they have 6 months to fix this nothing that they list about another extention after that and they list how the only way to fix this is with an reverse split (The only way) I guess they dont take the Senior analyst of media and his target price of 1.00 worth his weight in gold

lollololololololololo hahahahahahahaha hehehehehe hohohohohoh

Sep 18 06:57 AM