cos1000

How Sirius Can Ensure Success for the New iPhone App

I don't know that giving away the service for three months is all that great an idea.... Yeah it gets the "free loaders" exposed to the service but, where's the hook? In the end the company needs paying customers in order to succeed and their are ways to get those iPhone users to subscribe... How about this...

1. Existing SXM Subscribers get the app for free and thanks for being our customer. They can use their existing internet feed at the 2.99 rate to cover the royalties.
2. New iPhone purchaser / customer gets 3 months free, with apple paying a reduced sub rate to SXM, say 1/2 price for the "Promotional Sub", helps get more Apple subscribers to their products... Sign up after that and 15 months for a year and we credit the app cost back....
3. Existing iPhone / Apple customer, pay for the application and get 60 days free... Sign up for month to month get an additional month free after 6 months and we credit the App Cost.... Other incentive plans available for longer terms...

I am not saying these are the only way to go but, the Content needs to maintained as the "Gold Standard" for audio entertainment just like Apple products are to their users. You just can't just give it away without some commitment from the consumer.. All the company needs is another group of "free loading" Bashers, who refused to sign on after the trial period because they were too cheep, I mean couldn't afford the service and are now preaching the glory of the "free services" like Pandora and Slacker with even louder voices... Also don't cheapen the content by running commercials... run the same premium content in all promotional periods, with only Up Sell advertising for SXM....

Free services like Pandora won't be around if they include expenses on their income statement called Royalties Paid to Artists... It's only a matter of time before their business model gets an adjustment to it and they won't be free either...

Apple's 3.0 Update Is a Sirius Game Changer

There will be a variety of ways that this relationship will generate revenue that goes almost directly to the bottom line.. Other than the split revenue agreement, whose details are yet to be known, advertising, & admin costs, the rest will drop to the bottom line. Some users will get the app and utilize their existing Internet Access, some will get the app and add internet access... These are existing subscribers. The rest will get the app., subscribe to the SXM content as a new sub or a add on multi sub with the internet access fee added in. In all cases the infrastructure is in place without a heavy capital investment... That's been made already by Apple and SXM. Apple provides the platform, SXM provides the Content and Both recieve revenues to their bottom line... I really do not see how this can lose ... Also there isn't anything that says this content cannot be made available with other platforms and companies... This is the direction that SXM is heading in as a Content Media Provider, not a technology company...

Apple and Sirius XM Partnership: Combined Strengths Too Big to Ignore

There streaming Internet...... not connecting to the satellite with iPhones...... so whats the significant technical issue again? My problem with this is that its great marketing but, I just don't see a significant increase in subscribers from the app... Internet royalties are currently very expensive in comparison to their current Sat. deal. Pandora is currently a thief like the early Napster site was... it will go away once the current court case is settled... and this "free" Pandora has to start paying their fair share to artists for using their music without permission....

Further as Brandon above pointed out, only non subscribers of satellite radio content would thing that Pandora and Slacker are a true apples to apples competitor.... not even close.....


On May 11 04:26 PM Charlie P wrote:

> There is a significant technical issue that makes an Apple / Sirius
> XM relationship unlikely. Apple IPod and I Phone usere would only
> be able to access the Sirius signal out of doors, and those divices
> would have to be equiped with some type of antenna. Communicating
> with a satilite reguires line of sight to the satilite. The 13 million
> IPods out there are simply not equiped to receive a satilite signal.
> If you have XM or Sirius now you have an antenna, its on you car
> or attached to the radio in your home.

NiceMac's Open Source Apps Help Sirius Focus on Core

relmar is posting on SiriusBuzz.com on a regular basis.... Ever since we had an episode here, over a couple day period where all of our posts were being deleted and we were then sent to a forum developed especially for us ..... (how special), most do not post here at SA anymore... They're all over there...... and you are more than welcome to visit and post freely without much restriction....


On Apr 06 07:22 PM CoolHead wrote:

> cos1000, I agree with you as always.......by the way have you seen
> Relmar around? I haven't seen a post from him in a while.

NiceMac's Open Source Apps Help Sirius Focus on Core

"Whether the FCC "Open Device Access" mandate applies to the satellite radio company’s internet stream is debatable but it looks like NiceMac plans to take the issue to task."

I really hope that the NiceMac folks are successful... I had used their Windows player to listen to my subscription and found it superior to the Sirius player..... As far as the FCC goes they Do Not regulate the Internet so taking them task on Open Access may not be necessary. I think the problem for Sirius is grounded in their contract with their current developer.... who is doing a poor job in presenting SXM's content. Their player is like two cans and a string compared to what the NiceMac folks were benturing to develop.....

Sirius XM: Can It Tune into Markets Beyond Cars?

The Author said: I'd be curious to see if there are any potential cost savings if the two merge operations.

As relmor said above, research is fundamental to writing an informed opinion that educates the reader....(well he didn't say it that way but...) There is no plan to merge operations, period. Cost savings from this fantasy is you going down a dark, dead end, tunnel....

Sorry dear, but it is clear that you have no fondness for this company and your words are but another attempt to spin an otherwise good report, into more gloom and doubtful comment... The company is showing an ability to be flexible and capitalize on investments already made in the auto platform, while developing new partnerships, and you manage to totally misinterpret those efforts...

Sorry, but not a good read and very poorly researched...

An iPhone With Satellite Radio - Gasp! Really?

Up the Pipe......

It is sad that you feel so threatened by debate......

Is Sirius XM Headed the Way of Old Radio?

I bought like the committed fool that I am, another 1500 shares at .83. Couldn’t figure out what the stock price was doing but believe in the company just the same.

Today I heard about the new Slacker, the same old Pandora royalty problem , Apple - Ipod connections using software fixes and I don’t really care. The reality is that this company is in your new car right now and half of the installed equipment is not even turned on. Its just waiting to generate revenue.

Programming of the company can be on the internet anywhere in the world right now with your subscription. It already has consistent programming nationwide, soon to be the “best of” content anywhere with a lot more than music, and the stock price definitely sucks right now.

I have been saying along with those here, that the debt, unlike some people have said, matters. The next 60 days will determine the companies future in the investment world and to us retail investors.

If they don’t secure financing for the Feb, 09 debt, all confidence will be gone. With that secured, pushing the May 09, currently Performing Credit facility should be easy enough.

In the financial “Killing Fields”, which have now and always will be Wall Street towards companies not able to pay for their debt, this company will survive or fail.

With what will easily be over $3 billion in revenue, there isn’t any way that they won’t secure financing. Banks, Investment Banks, and Private Equity, make money by lending money to those companies that can pay them back at a premium. There aren’t many options for them either.

This business model will be funded, period. There aren’t many opportunities for those lending money to improve their balance sheet right now. This company pays its bills, now and in the future. I am long Sirius and will be until its over.

So worrying about whether you paid .65 or .75 or .85 cents for this stock is prudent, but irrelevant. Bankruptcy in this economy and the general market is real to a lot of companies whose business model has just collapsed. That is not what is going on with this company. JMHO.

Is Sirius XM Headed the Way of Old Radio?

As far as this article goes it is nothing but a rehashing of old news regarding stock price, comments from the CEO regarding debt taken harshly by the street, foolish assumptions about the ipod being a competitor to your satellite radio subscription (anyone see the new XM walkaround), and the new wave of imaginary internet radios being installed in your car forcing you satellite hardware to the trash. This article is nothing more than a diversion, filling idle time while we wait for news on what's coming down the road and watch the stock market shudder at the failings of large well know investment banks. I could but won't even pick it apart because their isn't anything new.

Is Sirius XM Headed the Way of Old Radio?

There isn't any stopping Sirius XM Radio from advertising on its non music stations now. That what the Ad Revenue line is in their current financial statements. Howard, NASCAR, NFL, MLB, Mad Dog, Martha, and Oprah all have the ability to generate ad revenue on top of subscription revenue. That's what Mel said needed to improve to 10% of total revenue. He needs to increase the subscriber base to draw the interest. Giving up unique, commercial free content to do this isn't the way to increase market size without destroying the offered product, IMHO.

Sirius Raises the Bar on Internet Offerings with Football Content

ari d k ... I couldn't agree with you more. With no significant news announcement, no short or long term guidance presented, yet the cars keep coming of the assembly line with increase penetration and what looks like a better than expected annual auto sales rate. (13 -13.5 Mil vs 12 -12.5 Mil units) I do feel there is some good news on the horizon, but I've felt that before. The overall economy is negative and most families are feeling pretty negative on the economy.

Citi: Sirius XM Is “Massively Undervalued”

correction......XM's credit facility expiring May 5, 09 was initially for $250 Mil not $200 Mil as I stated. sorry 'bout that.

Citi: Sirius XM Is “Massively Undervalued”

Great relmor, but the 1.87 converts your talking about don't convert until 2014. These bonds carry a high carrying cost impacting as Interest Expense and they effect FCF in that regard. By then if the company secures favorable financing and all the winds blow favorably, they will probably refinance these bonds long before anyone has a chance to convert 101% of maturity as stipulated. By the way these bonds are secured by XM Holding and now that the merger has been passed by Sirius XM Radio with collateral shares lent to the institutions selling the bonds at a price of $1.50. That's why we're where we are at with the stock price.

The Debt I'm talking about needs to be refinanced or paid off in Feb, 09. These are Sirius' 2.5% convertable bonds, with a share convert of $4.41. Now maybe if the stock gets their the bond holders will convert, if not depending on credit markets, they will have to be refinanced.
In addition there is an additional credit facility that XM has that was initially for $ 200 Mil and then extended an additional $100 Mil under the original terms. This is not a BOND it is a Credit Line that will expire on May 5, 09. This will probably be extended given good revenue growth and merger synergies and the Feb Bond refinance now know. We don't know what the terms will be or for how long. Maybe they pay some down and extend the rest (speculation). So as you can see so far I don't know what your talking about.

Some have raised concerns about the Sept.,09 8.75% Convertible Bond due, with a share convertible price of $28.5, but this is only for $1.75 Mil and they will just probably pay this off, again if things go as planned. Honda has a $33.2 Mil, 10% Discount convertible, with a share price post merger of $ 0.69 / share to convert. They will probably just convert and take the funds from the share sale.

The only other debt to shareholder dilution that is concerning it the $400 mil, 10% Senior Convertible, due in Dec. 1,09, with a share convertible post merger price of $10.87 / share. This is significant and again can wind up being dilutive to shareholder equity, or if the winds have really blown right over the next 15 or so months, refinancing these notes will not be an issue.

Now you can see why, I posted above that 2009 will be the year of Debt Resolution or Not. All the noise above from relmor makes no sense to me, short squeezes, convertible arbitrage, zero sum game. Although I very clearly understand what the terms mean, I don't see how they foretell the future for the company and the real live issues of debt and business plan execution that is in front of them. I want answers to the questions on refinancing this debt, not BS. If revenue generation plans and merger synergies do it, then tell me how and when. Best of Both, possibly at 5.4% of current subscriber participation and additional $48 Mil / Year with, 50% participation an added $ 480 Mil/ year. That one example of what I'm talking about. They need to know their business and its future in a way that can be clearly communicated to the "street". Or else this stock goes nowhere, period. I look forward to reality as presented by management after Labor Day. Mel don't fail me now......

Taking a Bite from SIRI's Apple Connection Enthusiasm

killerkaul, Have you emailed Seeking Alpha about him using your pseudonym with some slight variation? He is annoying.

Citi: Sirius XM Is “Massively Undervalued”

I really don't see Citi's Wible doing much to move this stock. Beyond all of the products and possible services, until the Balance Sheet can be better secured, unfortunately I don't see the stock price doing much. What we didn't know before the merger was the significance of Debt Refinancing, perceived or in reality. Sirius XM's "Convertible Arbitrage" on the night of the merger drew my attention to this fact, like a "Laser". Sirius has 300 million in convertibles due in Feb, 09 with a 4.41 / share. XM's Credit Facility "expires" in May, 09, that's 250 mil and 100 mil that need to be renegotiated for extension or paid.

All of the partnerships will be great and the additional revenue is more than welcome, but until the company can convince the street that these two items in total are taken care of without further dilution of shares, the stock will not move anywhere fast. When it moves it will move on emotion and the Cramer and Weinkes will beat it back with the outstanding Debt Issues. This is the real battle that needs to be fought to move this stock's price up. Not Apple and Ipods.

I am long Sirius XM since 2002, I own over 30,000 shares, and 2009 will be the year of Debt Resolution or Not. I will hold on tightly to my shares looking for more than "Window Dressing" around this Debt Issue. As a stockholder I want some answers not White Wash.