Today I don't have to work due to the weather so my wife and I went to the local mall shopping. There is a Radio Shack at the mall so as my wife was out and about I went in to talk about the S50 and other sales. Sales are good, but here is the shocking part and it is 100% true. I was talking to the manager and he told me that sales are good and only going to get better. I asked why. He stated that XM is going to file bankrupcy! I asked how he could make this claim. He said he heard it from corporate. I asked why he would be talking to corporate when they don't even sell XM products. HE stated that they were in talks to start selling both sirius and XM, but radio shack pulled out when they heard of this. I said well XM seems in good position with 2x the number of subs as Sirius and portable radios coming out within a month. HE stated that the portables are on hold and won't be out when they are expected to be.
Now I admit I can't confirm any of this and don't have a link, but this is the conversation I had about 1 hours ago with a manager at a local radio shack. Is this rumor true? I don't know, but this gentleman is a 50 something year old man who has a ton of knowlege about sirius and its products. We shall wait and see. Take it for what it is worth, but I thought it was interesting. Anyone else confirm that Radio shack was in talks with XM???
As far as XM is concerned, the problem could have stemmed from their director quitting and saying that XM is headed for a crisis.
If XM was in talks with Radio Shack when that came out, then that could cause some reluctance to carry their product.
I went to the local Radio Shack at the mall to talk about the S50 and other sales. Sales are good, but the manager told me sales are good and only going to get better because XM is going to file bankrupcy! He heard it from corporate. I said they don't even sell XM products. HE stated that they were in talks to start selling both sirius and XM, but radio shack pulled out when they heard. I said XM has 2x the number of subs and portable radios coming out within a month. HE stated the portables are on hold and won't be out. Is this rumor true? Anyone else confirm that Radio shack was in talks with XM???
This is absolutely true. Hugh Panero was not only responsible for Katrina, but has also been linked to Osama Bin Laden as part of the 9/11 conspiracy and the attempt to make the dollar disappear when Iran joins Syria converting to the euro as the standard acquisition currency.
Known to be a personal friend of FOMC chairman Bernanke, he is also responsible for recommending 10 more overnight rate hikes in an attempt to break the back of all investors in anything except XM--that is why he advocated and executed redeeming 10% bonds last December.
Parsons, admittedly dumber than Dan Quaile, who was recently shot by accident when the Vice President went Texan hunting, had no comment, as Jacaby from BofA has done all he can to bomb all over our poor stock.
In six months, all the six OEM have decided to go bankrupt, which will further hamper XM sales, because if you want a portable radio that looks like a traditional car tuner, you have to carry a 12 volt battery on your back, and it is one heavy mother.
Great job on your reporting and investigative skills.
I have to go back to planet earth now.
I think you and your 50yr old "expert" misunderstood and what Radio Shack corporate said was that "THEY" (Radio Shack) were going bankrupt as has been widely reported in news. You are too funny.
sounds about right...look at the price of the stock..its down again today...no buying interest at all...the best short on the market..the whining losers on this board..led by a monkey...are the last believers...
One more thing, you didn't find it odd that a manager for a Radio SHack, a store that carries Sirius and NOT XM, told you bad things about XM?
Did you think he was going to tell you GREAT things about XM????
Lemme guess, in Y2K, you bought canned goods and water and spent the night in an underground tunnell waiting for a big boom.
Wow! Stright from the mouth of a Radio Shack manager! That's almost as good as aking my local movie theatre ticket taker!
Please. Either you're a basher or easily deluded. Shutup.