Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Satellite Radio & Competing Technologies -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (172)	11/22/2008 11:54:51 AM
From: i-node	Read Replies (1) \| Respond to of 180

Satellite radio committed suicide. Sirius was doomed from the start, but hiring Stern was the absolute worst business decision I've seen. And it started a series of events that insured the failure of the industry. But the real end of it was when XM's management allowed themselves to be rolled over by Mel Karmazin. Like a steamroller. The merger never made sense for XM, yet Mel was able to convince XM that they needed it. Sirius is headed to Chapter 11, which is a good place for them at this point. Had both these companies remained as lean as they were in the early days, XM clearly would have had an excellent chance at survival, and frankly, Sirius might have, too. But SIRI's prior management went for the big play time and again and it brought the entire industry down. I used to love sat radio, but have pretty much turned it off other than for talk programming since the new channel lineup was announced. I think they'll come out of Chapter 11 with a reasonable future if they get rid of the current mgmt. I made a bit of money off of sat radio, but nothing like it might have been had XM's management not collapsed as they did. I'll never understand why they agreed to merge with such an absolute turkey.