Mel Karmazin Comments on the Sirius/XM Merger

The folks at SIRIUS XM Radio may not have wanted this released, but I was able to dig up a video of SIRIUS XM Radio CEO Mel Karmazin speaking about the merger just after it was announced, and what will be happening with the company going forward.

The video, which cuts off just after Mel speaks of the interoperable device, does not get into specifics along the lines that were given in the “Town Hall Meeting”, but does give general outlines of some of the things that will be announced after Labor Day. It would appear that perhaps this video was geared towards employees who could not participate in the live “Town Hall Meeting” meeting.

If nothing else, it is interesting listening for passionate fans of satellite radio.

There is no telling how long this link will be active, so listen while you can.

[KARMAZIN VIDEO CAST]

Comments

[tech man:]

YES, MEL GETS ME PUMPTED UP ABOUT THE FUTURE IF SATALLITE RADIO. GLAD TO BE A PART OF THIS GRASS ROOTS EFFORT. DIFINATELY WILL KEEP MY SHARES. WOULD BE A FOOL NOT TO. T.M.

2008 Aug 14 08:22 AM

[marcopolode...:]

wow, this is just the begining! I am buying more shares, there is definitely positive news coming from here on

2008 Aug 14 08:34 AM

[GotSIRI:]

Why do you guys spend your time bickering with Mr. CAPS guy. Just ignore him and he will move along. Who really cares if he holds a position. Anyone that would but a speculative stock based on a blog, and blame said blog for incurring a loss is a moron. Ignore him and will get bored.

2008 Aug 14 11:13 AM

[Edster:]

Tyler keep up the excellent reporting regarding Sirius/XM. The market will soon become positive and react possively to the newly mergered satilite company's future. CEO Mel has a proven track record and he will bring about results which will cause investors to drive up the stock price, It is my hope that the company will not reverse split in order to drive up the market price. It will only encourge short sellers and will drive the price of the stock right back to the current market value of under $2.00 a share. Those holding the stock with a loss should hang on to the stock and the future market price will take care of itself and it will be on the upside considerably. Patience is virtue.

2008 Aug 14 11:22 AM

[Slam:]

Dude, grow up!!!

2008 Aug 14 01:06 PM

[KILLLERkaul:]

TYLER LOOK HOW HE IS TRYING TO DISS YOU MY BOY! WHAT DOES HE KNOW AFTER ALL NOT PICKING SIRIS AT $4 WHEN YOU DID;
DO YOU HAVE HOT GOATEE LIKE TYLER HUH MILJANJS!? RUN BLUE MAMA RUN!
miljanjs:
I maybe new to the market, but my average cost for my SIRI is only 1.68, cause I looked at the cap and figgered ain't worth 4 bucks - so didn't buy - even when the talk was a pop to 5 on the merger approval.

2008 Aug 14 01:13 PM

[shure46:]

saveryTyler - I think you should find another name ...whether or not Tyler is right or wrong , you have no business using someone else's name as a psuedo here ....

2008 Aug 14 01:14 PM

[bill blattner:]

In three years this stock will be 30 bucks. Positive cash flow in 2009, small profit in 2010, big time profits will be coming in year 2011.
I know of know one who doesn't have one or both of these radios and they love them.

2008 Aug 14 03:29 PM

[Slam:]

Good-bye-already crybaby

2008 Aug 14 04:07 PM

[biggene:]

siri/xm have nowhere to go but up!!! the shorts will get just what they deserve. this will be once again be a $40 stock in a couple of years. mark my words! long siri/xm

2008 Aug 14 05:09 PM

[sailboat:]

I think at this point it would be better for Mel to remain silent until signifigant news is available. He's starting to come across like a used car salesman and there's no sense in repeating what has already been said over and over. It's time to put up, or shut up Mel, and BS only goes so far so lets start seeing the numbers and setting up some guidance.

Disclosure: Long SIRI

2008 Aug 14 05:36 PM

[cos1000:]

sailboat, I agree but, in all fairness this is clearly a video meant for employees. It just takes so long for all the news that happened within days of the merger to get out. Absent of any "real" news until after Labor Day, like that's suppose to be a meaningful bench mark, the company needs to get real with investors and the investment community about its plans so they can decide on what's possible.

2008 Aug 14 06:36 PM

[sailboat:]

cos1000:
I wasn't even referring to the title video because I can't view it, probably don't have the right media player. My point was made after watching Mel on Bloomberg, Mad Money, and the CC. His points are becoming played out and now it's time for the meat and potatoes. In his defense, I can understand how he avoided specifics due the discovery process of the merger and it takes time to unravel the books but a cocky attitude behind new veneers will only keep people's interest for a short while.

I don't want to be conceived as a Mel basher and think he now is aware of what needs to be done and will lay everything out after Labor day. In my eyes, he gained a tot of credability by leaking out the iPhone news, but this too will backfire if not clearly address when he speaks. I also like Mel's attitude and street smarts in dealing with the shorts and his respect for the shareholders of the company. After just coming off a 3 month session with Motorola, I understand the value of a pro active leader.

2008 Aug 14 08:51 PM

[killerkaul:]

Moron.................... you are finally using your true name..................... funny that you think anyone on these posts are villifying someone such as you............... IN FACT IT'S DOWNRIGHT LAUGHABLE!!! Take some time and wade through any one of your posts..... whiner. The only one villifying you is yourself..........WHIN... Now go put on your big girl panties and deal with it .........................

2008 Aug 15 12:52 AM