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


To: HEXonX who wrote (6543)2/27/2007 10:40:28 AM
From: HEXonX  Respond to of 8420
 
News for 'XMSR' - (=DJ House Telecoms Panel To Hold Satellite Radio
Merger
Hearing)


By Corey Boles
Of DOW JONES NEWSWIRES

WASHINGTON --The House Telecommunications Subcommiitee said Tuesday
that
it will hold a hearing next week into the announced merger between
Sirius
Satellite Radio Inc. (SIRI) and XM Satellite Radio Holdings Inc.
(XMSR),
Rep. Edward Markey, D-Mass., said.
Speaking at a National Association of Broadcasters conference, Markey
said the committee would examine all aspects of the proposed tie-up.
The hearing would be the second by a House committee into the merger.
The House Judiciary Committee Antitrust Task Force is scheduled to hold
an
oversight hearing Wednesday into the matter.
-By Corey Boles, Dow Jones Newswires; 202-862-6637;
corey.boles@dowjones.com

(END) Dow Jones Newswires February 27, 2007 10:02 ET (15:02 GMT)
Copyright (c) 2007 Dow Jones & Company, Inc.- - 10 02 AM EST 02-27-07

Source: DJ Broad Tape



To: HEXonX who wrote (6543)2/27/2007 11:24:20 AM
From: pcstel  Read Replies (2) | Respond to of 8420
 
XM'S NET LOSS HIGHER THAN SIRIUS
From the David Ray/Frontmed TOTALLY BLOWN CALL DEPARTMENT.

Yes folks, David Ray keep his 100% BLOWN CALL RECORD intact for yet another quarter.

Mr. Ray has been going on an on about how horrible SIRI Q4 results will be in comparision to XM's.

He has been going on an on about the HORRIBLE STERN DEAL. And SIRI's subscribers "at any costs" mentality, vs. XM growth with controlled costs concept.

Well, the end results are in...

And here they are

In Q4.. XM lost a whopping $263.2 million, or 90 cents a share, compared with a loss of $270.5 million, or $1.22 a share, a year earlier.

While SIIR posted a net loss of $245 million, or 17 cents a share, compared with the year-ago loss of $311 million.

That's right folks, as Hex points out. SIRI added TWICE AS MANY net subscribers in Q4, and posted a LOWER net loss than XM.. ROTFLMAO!!

And this is with that horrific STERN DEAL that Mr. Ray has been harping on about.

SIRI lobbed nealy 70 million off of their Q4 net loss comparable to Q4 of last FY.

And our friends at XM were able to claw and scratch a whole 7 million off of last years mark. That's NOT a typo folks.. (Seven Million). BFD..

David Ray will be flying under the radar again for a little while. I hear there is going to be a "managerial accounting" degree up for bid on EBAY in a couple of days.

And so it goes,
PCSTEL