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Technology Stocks : Sirius Satellite Radio (SIRI) -- Ignore unavailable to you. Want to Upgrade?

To: pcstel who wrote (6451)	2/23/2007 5:00:32 PM
From: i-node	Read Replies (1) \| Respond to of 8420

>>> Dude!! I think you are lose'n it. SIRI's Q4 loss is going to be no where near a Billion Dollars. I didn't say Q4. For the year. And it will be more than a billion. >>> You are attempting to compare XM's loss with a larger subscriber base vs. SIRI who has been in a large growth spike. Like I pointed out.. If you compare losses from a comparable period in absolute numbers. SIRI's losses are not that far out of line with the losses that XM chalked up over the same subscriber growth period. You had better look again. SIRI reported way over 800M last year, which was more than any loss XM ever reported. They will approach, perhaps exceed, 1.2 Billion for '06 -- 2 billion in 2 years. XM never came close to those kinds of losses. SIRI, though having fewer subscribers than XM, will have closed the year with approximately 4 billion in accumulated deficit versus XM's 3.3 Billion -- and that is after SIRI has wiped out 1/4 billion in deficit with its shareholders money in the recapitalization. Sirius has accumulated a billion more in deficits (that's 1/3 more for the arithmetically challenged) than XM while having fewer subscribers. As usual, you don't know WTF you're talking about. Of course.. You don't like that data, and chose to ignore it, and instead chose to continue on with your yelling and screaming at the top of your lungs. Seems to me you're doing all the yelling and screaming. At least when I yell and scream I do know what I'm talking about. Mel will be the in charge.. Gary Parsons will be Mel's boss. The other probelm with using SIRIUS stock for currency is share price.. If you issue all of those shares, your still going to be sub $5. I don't think all of XM's "institutional investors" are going to be too happy about that, until the can get the whole thing spun into a new issue. You're naive. It is a safe bet Mel sold XM's institutional holders on the merger before he sold Parsons. But, you fail to mention that SIRI reached Positive Cash Flow form operations 1.6 million subscribers earlier than XM did. I didn't fail to mention it; it didn't happen. XM reached CFFO a couple years ago in the same sense that SIRI did (i.e., for a single quarter). However, XM was forthright enough to make it clear that it was not sustainable at that time. Mel claimed CFBE for Q4 and tried to mislead Siriots (like you) into believing it is a sustainable achievement, but we already know that they are unable to sustain this going forward (and it is doubtful they'll be able to sustain it for the full year '07). XM will, regardless of the merger. When you think you can get something right, let me know.