As far as I'm concerned, Mel did his job, he got the merger through; I honestly doubt he's "tech-advanced" enough to maximize the combined companies now-huge platform going forward, but rather, he's so old-fashioned, he'll continue to run th is Co. as a "radio-Co." only, and we'll be lucky to wither under $2.00 for years; Maybe we don't need new Sats. now that we have XM's; Still, now they are saying profits in 2013, instead of 12-months! Same crapola, different spin!
At $1.59, my faith is shaken in his ability to do much other than consumate this merger; I'm watching tons of other great stocks zip-by, while I feel more stuck than ever in this "always-tomorrow-story"; I'd be happy with a hostile-takeover and $2.50!
Mel was #4 I think, on AOL's home-page yesterday of CEO's that most need to go! The list also included Yahoo's, Viacom, CBS's and Qualcom, to name a few!
I don't think so. Only $400 million in saving now? Do you realize what that translates to in PPS? About 12 cents.
SIRI is done & shareholders have been hearing "A few months from now" for too long. I would like to see Mel fired, except that he would probably get some gigantic bonus & severance. Sad.
I honestly don't agree with government regulating CEO pay, but when you see things like what happend with SIRI you realize that these guys are asking, almost begging, for it.
My final word is "I'll believe it when I see it"! And right now all I see is $1.59, and I'm wondering if we test the opening lows of today, b/c if we hit $1.48, then we'll go down good from that level; That's all I can think about now, what's in front of me to deal-with, not some grand greatness that lies ahead, "just-a-few-months-longer", just like we sat here for over 1-year, saying the exact same thing! Those few months turned into 1-1/2 year, and then "boom", $1.50!
you hit the nail on the head. karmazins bullshit is starting to repeat itself, such as cfbe by 2009. he claimed siri would be cfbe in 2007.
siri needs a steve jobs type person with vision, not an old carnival barker like karmazin
I still believe in the Co. and product having said all that! Honestly though, I'm in so much damn debt holding this stock for so long, waiting for a merger that gave us what we got today, I will tell the Sirius-XM reps when it comes time to renew, that I've already payed my "thousands-in-sub-fees"! Hopefully I can renew my subs cheaper, and I really mean this! Yeah, I still want the service, I still like the product, but what's one to say, who has stuck by this Co. for this long, fighting for this "merger-that-would-save-the-day", and here we are, and this is what we get?
I know someone else can turn-this-around...I know someone can utilize these Sats and the combined listenership, and make this a great growth story...but I'm not convinced it's Mel Karmazin! Too old, too 20th-Century! Give him a huge trophy, and a pat-on-the-back for achieving the impossible, but give me the average-Joe stock-holder, a new CEO who can make this work! Heck, I think Sirius' current CFO David J. Frear would be more capable of the technical running of this Co. over old-Mel!