We expect to end 2012 with nearly $1.5 billion of cash.
~David Frear, Executive VP/CFO
SiriusXM is a treasure trove - and soon the company will find an entry point for the consumer who wants free stuff (Pandora users).
SATRAD 2.0 has dual platform capability.
What this means is, we can offer different levels of service on one single radio.
Eventually there will be both a free basic version supported by ads and a premiere package that offers nonstop music channels. When you buy a new car, you will get a complimentary 3-month trial of the deluxe version. When it expires, it will automatically switch to the ad-based service.
And since a satellite signal is sustainable in a moving vehicle while wifii is not, where do you think broadcasting sponsors will go?
The company projects 75 million satradios by 2015.
Every single one of them will generate revenue as paid subs or paying sponsors.
Just think about it.
I hope retailers are prepared to follow institutions to SIRI before the 2015 Pandora BK filing. The banks will be marching out of P and into SIRI soon but you can beat them there. Don't let them fool you. Force them to move NOW.
do us all a favor and keep your idiotic comments over on the siri board where they belong with all the other worthless noise over there...
oh, I hope that comment didn't hurt, offend or otherwise bruise your little tender feelings...LOL!
The business plan is a thing of beauty. Apple or Verizon will pay big money to bid on SiriusXM. I can see Verizon buying Direct TV and Apple buying SiriusXM, most of which is owned by the owner of Direct TV. How can they resist this business plan? And how will they deal with the wireless bandwidth crunch that has data plans escalating in cost for cell phone users (iphone) across the country? satellite spectrum!!!!!!
OMG - You have bashed "P" since Jan 12, remember this post? 1020 posts from 1/12...is that 400 posts per month, you have to love the source....I guess you have only one holding (SIRI), and BTW u should vote for MITT...he wants to do away with Capital gains....Here is your post 1200 msgs., back.
MITT ROMNEY (R) - WALL ST
Should have purchased XM back in the day instead of the dead fish (Clear Channel). Now his peeps are neck deep in Pandora stench while old media continues to die a slow painful death...
wake-up, no one is thanking you, your in a dead end stock (SIRI), make a penny or two? On OPEX you went down. BTW nice float...grow up, no on cares about SIRI, as the board will vote against MEL. but I could care less.
You have to spread your worthless points of view, which is time consuming. I lost on "P" but moved forward and made it back on CLWR, and more.
Your married to your stock....stock 101...but then again you have a lot of answers.
Been doing this over 20 years...to much attention from SIRI posters...what are you afraid, move on. Check my (MSG.)history..my other alias is: ibepassinthru.
I make money...in business to make money...wish everybody the best, but the juvinile bs is stupid.
You're not a real investor with language like that. You can' refute the original post so you post attacks. I have not personally attacked you nor anyone on this board. I don't have to. Look at your plummeting PPS. You guys are running a scam and you've lost 50% in the blink of an eye.
I just want you to see this business plan because I follow SiriusXM, have it in my car and own SIRI (LONG SIRI). There's really no debating the business plan. SiriusXM recycles money.
Don't worry if selling now means losing a hunk of money in P...you will make that money right back with SIRI...and much MORE on top of your initial investment. REDEEM yourself investors. It's never to late to redeem yourself. What you don't want to do is wait for this thing to climb back to where you bought...it's not gonna make it!!!