SIRI + XMSR merger on Monday

[dochesgriff]

NEW YORK (Reuters) - The two main satellite radio providers, XM Satellite Radio Holdings Inc. and Sirius are expected to announce a long-awaited merger on Monday, according to the New York Post.

The newspaper said the two companies were negotiating over the weekend to merge the companies, a deal that is expected to be structured as a "merger of equals."

[JT914]

HMMM,
Thought this deal was a bust! will have to watch this.

[aiki14]

here's a confirm of sorts from the WSJ

XM, Sirius in Final Merger Talks
By DENNIS K. BERMAN and SARAH MCBRIDE
February 19, 2007 1:53 p.m.
Satellite radio operators XM Satellite Radio Holdings and Sirius Satellite Radio Inc. are in final merger discussions, a person familiar with the matter said Monday. The two are nearing an agreement but have yet to ratify a definitive contract, this person said.

If completed, a deal would create a single satellite-based giant, a fact which could prove a difficult issue for antitrust and communications regulators. Already Federal Communications Commissioner Kevin Martin has signaled some resistance to a coupling of the two services, which feature rival menus of sports, music, and talk-radio programming.

But the two sides are likely to argue that the proliferation of Internet-based radio, digital-music players, and new HD-radio formats creates a vigorous competitive market for such media. Indeed, in surveys, consumers rarely can differentiate between the two companies, which have spent hundreds of millions trying to appeal to them.
As of Friday, Sirius carried a market capitalization of $5.2 billion. XM was valued at about $3.8 billion. Word of the talks was first reported by The New York Post.

Write to Dennis K. Berman at dennis.berman@wsj.com and Sarah McBride at sarah.mcbride@wsj.com

[aiki14]

Now it's official, pending OK from the regualtors. What happens to the Stock Prices? They are to "Merge as Equals", does that mean the XM goes up and the SIRI goes down? Siri has a mkt cap of 5.2 billion, XM 3.8 billion. Or is this gonna be looked at as such a good move for both that they both go up? That's my bet. I like the position of the combined entity in the marketplace, It'll be a while before anything gets in the space to compete with them. And they should be able to pare back alot of the redundancies and save a bunch of cash.
In the event one does go down I'd say it's a buy looking long term.

[aiki14]

More details (Thanks to Tony on the other side thread)
They call XM larger ("SIRI buys larger XM for 22% premium") even though the article states the mkt caps. I guess looking at subscribers it's bigger.
So your XM shares will be 17.00 or so tomorrow, what about the SIRI shares? Now I see them taking a hit, unless the MM's believe in the combined entity to be fairly valued at the 22% premium immediately. Normally it's a slam dunk the buyer goes down on this type of thing, but the peculiarities of the situation may throw a wrench into the works.

[CornerZ]

Aiki,


you're almost a big a dope as your Master you bow before with his wewos in your nostrils, King Con Cramer.


SIRI is gonna take a hit? You must be taking your own hits of some really potent stuff. SIRI will open over $4 per share tomorrow you dope. Go post on a disney forum or something and talk about Mickey Mouse.

[aiki14]

Aiki,


you're almost a big a dope as your Master you bow before with his wewos in your nostrils, King Con Cramer.


SIRI is gonna take a hit? You must be taking your own hits of some really potent stuff. SIRI will open over $4 per share tomorrow you dope. Go post on a disney forum or something and talk about Mickey Mouse.

Hey look at you, posting on the adult side. And that's the best you got, oh well, we never really expected much from you anyway.

[aiki14]

From the WSJ a few minutes ago:


Tale of the Tape: Sirius/XM
A WALL STREET JOURNAL ONLINE NEWS ROUNDUP
February 20, 2007
The proposed merger of Sirius Satellite Radio and XM Satellite Radio Holdings into a single satellite radio company is expected to face hurdles gaining approval from antitrust and communications regulators.

* * *

Sirius Satellite Radio

Founded: 1990 as Satellite CD Radio Inc.
Headquarters: New York
CEO: Mel Karmazin
Ticker Symbol: SIRI
Net loss: $162,898 for third quarter; $859,270 for nine months ended Sept. 30, 2006
Revenue: $167,113 for third quarter; $443,855 for nine months ended Sept. 30, 2006
Market Capitalization: $5.2 billion
Services: More than 130 commercial-free channels offering music, sports, news and talk, including NFL, NASCAR, NBA, Howard Stern and Martha Stewart Living. Monthly subscription fee is $12.95.
Auto Partners: Audi, Bentley, BMW, Chrysler, Dodge, Ford, Infiniti, Jaguar, Jeep, Land Rover, Lexus, Lincoln, Mercury, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Rolls Royce, Toyota, Volkswagen, and Volvo
Subscribers: 6 million

* * *

XM Satellite Radio

Founded: 1992
Headquarters: Washington, D.C.
CEO: Hugh Panero
Ticker Symbol: XMSR
Net loss: $85,453 for third quarter; $468,500 for nine months ending Sept. 2006
Revenue: $214,817 for the third quarter; $605,084 for the nine months ending Sept. 30, 2006
Market Capitalization: $3.8 billion
Services: More than 170 channels of music, news, talk, sports, comedy and children's programming, including Major League Baseball, PGA Tour, ESPN, Disney, Oprah & Friends. Monthly subscription fee is $12.95.
Auto Partners: GM, Honda, Hyundai, Nissan, Porsche, Subaru, Suzuki and Toyota
Subscribers: 7.6 million

* * *

The Combination

Headquarters: New York and Washington, D.C.
CEO: Mel Karmazin (Sirius)
Chairman: Gary Parsons (XM)
Combined Market Value: $13 billion, including net debt of approximately $1.6 billion
Combined annual revenues (est.): $1.5 billion
Terms: XM shareholders will receive a fixed exchange ratio of 4.6 shares of Sirius common stock for each share of XM they own. XM and Sirius shareholders will each own approximately 50% of the combined company.
Subscribers: 14 million

Sources: Wall Street Journal, company news releases, company Web sites

[timsuha]

Alki-HOLIC,


what I have are FACTS wherever I post. You post ignorance, but ignorance is bliss my child. You will learn to bow before your REAL-LEADER when SIRI opens at $4.20 tomorrow. That's right, I just set the opening price. You will KNEEL BEFORE ZOD dear child.


"SIRI STOCK IS A SLAM DUNK TO GO DOWN" -- LMAO, you're a real dope. Bump this post at 9:30 a.m. you bozo.

Where is your fact here? Just some quotes from Terrance Stamp and some prediction based on god knows what. I bet it goes up big tomorrow too, but that's easy bc its got news behind it of a merger. And that's from a stock know nothing like myself. Will it stay up long? Probably not.

[aiki14]

Here's the links to the conference call tomorrow at 0830:

The companies will hold a joint conference call and Webcast on Tuesday, February 20, 2007 at 8:30 AM ET to discuss this announcement. The webcast can be accessed at http://www.Sirius.com and http://www.xmradio.com as well as on their satellite radio services by tuning to Sirius channel 122 and XM channel 200.

[dochesgriff]

Whatever the outcome this should make for some interesting trading. This is much better news financially than the announcement of Howard Stern and that made SIRI double. I would think that you wait for the gov. to approve the deal, but with so many people interested in these stocks you could see a big pop right away.

Good for you if you are already in, but I think I will wait on the sidelines until the deal goes through. And if the run has already happened, then I move onto the next stock.

[TonyM]

Perhaps a move similar to aapl and the iphone intro may be in order? Initial buying frenzy and then the sudden realization that until the fcc makes a change there's nothing doing, logically followed by some selling, which might be a good point at which to get some, betting on an eventaul fcc regulation change. People will likely be chasing xmsr tomorrow and possibly siri just because it looks cheap based on pps.

[JVanDermark]

I look for SIRI to make a nice jump, but I don't see the gov't approving this deal and after that it will drop sharply. They will say it will give them a monopoly. I heard that SIRI argument is that they have to compete with Ipods.

[ProEdgeBiker]

Too Bad i sold!

[cramerica1972]

Too Bad i sold!yeah,too bad you sold kid :confused:

[aiki14]

Premarket bid ask at 4.19, looks like Cornerz is gonna be right on.

[Lou]

im curious to see if it trades 100m shares today, any idea on a answer from the govt? a year? i think even if it doesnt get approved each companies license has value to say a time warner or news corp. i also read that the license agreements for each company can be changed by the govt to allow other companies in the space which would allow the merger to be approved.

[aiki14]

12million shares traded already, looks like the smart money settling in at 4.17. I would wait until the regulars get in at 9:30 and then short this at anything over 4.20. Any little news out of the DOJ will hit this back to 4.00, and the negative news will be ahead of any positive. We'll see.

[aiki14]

Alki-HOLIC,


what I have are FACTS wherever I post. You post ignorance, but ignorance is bliss my child. You will learn to bow before your REAL-LEADER when SIRI opens at $4.20 tomorrow. That's right, I just set the opening price. You will KNEEL BEFORE ZOD dear child.


"SIRI STOCK IS A SLAM DUNK TO GO DOWN" -- LMAO, you're a real dope. Bump this post at 9:30 a.m. you bozo.

Bump. Looks to open around 4.01, Nice call ZOD

[aiki14]

Alki-HOLIC,


what I have are FACTS wherever I post. You post ignorance, but ignorance is bliss my child. You will learn to bow before your REAL-LEADER when SIRI opens at $4.20 tomorrow. That's right, I just set the opening price. You will KNEEL BEFORE ZOD dear child.


"SIRI STOCK IS A SLAM DUNK TO GO DOWN" -- LMAO, you're a real dope. Bump this post at 9:30 a.m. you bozo.

3.91 now. Hope you bought big at open ZOD

[reddog14]

Looks as though Siri purposing to by XM for 4.6 Billion Dollars.....

[TonyM]

Bump. Looks to open around 4.01, Nice call ZOD

Obviously the day has just started and there's no telling where they will close, but it never ceases to amaze me when people chase these things and pay more than the companies themselves are willing to pay for the stock. The premarket bagholders must have been on 4:20 time :)

[optimus25]

Aiki,


you're almost a big a dope as your Master you bow before with his wewos in your nostrils, King Con Cramer.


SIRI is gonna take a hit? You must be taking your own hits of some really potent stuff. SIRI will open over $4 per share tomorrow you dope. Go post on a disney forum or something and talk about Mickey Mouse.

At least Aiki gives you his views on a stock. We haven't heard from you give any ideas of your own aside from trying to rip people up on this forum.

[optimus25]

I like the prospects of the combined companies.

[istrokedmine]

what is siri worth? i have been holding for well over a year at 6.26 (ouch i know) what should i do?

[aiki14]

what is siri worth? i have been holding for well over a year at 6.26 (ouch i know) what should i do?

I think you have to hold at this point. The upside if they let the merger go through is pretty big, the downside even after today is relatively limited. IMO

[CornerZ]

Aiki,


you're a coward and your response proves it. Read my initial post regarding the merger, I stated SIRI would open over $4, and it opened at $4.01 you sucker. Getting specific I gave an opening of $4.20, but the point is I said OVER $4.


You, on the other hand claimed the stock was going to drop, instantly, and you were DEAD wrong. You're a dope, but we already knew that. I said the stock would open over $4 and all be damnned, the KING CON CRAMER FACT SUPPLIER was right.

[CornerZ]

here's my exact post LOCKED IN, so I can't "DOUBLE-TALK" it like your Master Cramer, you imbecile, aiki.


Aiki,


you're almost a big a dope as your Master you bow before with his wewos in your nostrils, King Con Cramer.


SIRI is gonna take a hit? You must be taking your own hits of some really potent stuff. SIRI will open over $4 per share tomorrow you dope. Go post on a disney forum or something and talk about Mickey Mouse.

SIRI OPENED OVER $4, -- AS I SAID, go post on the spongebob Forum you bozo -- your master is waiting for you over there, lmao.

[aiki14]

Aiki,


you're a coward and your response proves it. Read my initial post regarding the merger, I stated SIRI would open over $4, and it opened at $4.01 you sucker. Getting specific I gave an opening of $4.20, but the point is I said OVER $4.


You, on the other hand claimed the stock was going to drop, instantly, and you were DEAD wrong. You're a dope, but we already knew that. I said the stock would open over $4 and all be damnned, the KING CON CRAMER FACT SUPPLIER was right.

You want to point out where I said it would drop instantly. And talk about double talk, 4.20 or over 4, sounds like double talk to me, if you're gonna claim genius for one at least have the sense to admit you were wrong on the other.
You're a funny guy. And I am up 70% for the month, and 228% last month and 56% for dec and 86% for nov. And I did it publicly, no secrets or double talk. And I did what I said I would as I always do, as adults do. Your comments are entertaining, and I love the fact that in the zero sum game of the market you are my competition. That's why I have condo's on Maui and you have a bad disposition.

[ub3rn00ber]

Aiki,


you're a coward and your response proves it. Read my initial post regarding the merger, I stated SIRI would open over $4, and it opened at $4.01 you sucker. Getting specific I gave an opening of $4.20, but the point is I said OVER $4.


You, on the other hand claimed the stock was going to drop, instantly, and you were DEAD wrong. You're a dope, but we already knew that. I said the stock would open over $4 and all be damnned, the KING CON CRAMER FACT SUPPLIER was right.

Theres no need for that. Aiki contributes much more than you ever could. So stuff it before you piss anyone else off.

[rgrbic]

Well... here we go again... Why is this allowed to continue? What is value-added about this? More drama queens show up every month.

Jim (aiki) - why bother with this drivel (cornerz)? You're wasting your time.

Is it time for a private forum yet?

Bob

[aiki14]

Well... here we go again... Why is this allowed to continue? What is value-added about this? More drama queens show up every month.

Jim (aiki) - why bother with this drivel (cornerz)? You're wasting your time.

Is it time for a private forum yet?

Bob

You're right of course, my ego gets away from me on occassion. That's the last time I respond to him, unless I come up with something particularly humorous. No more idiotic pissing contests.

[CornerZ]

you people are a bunch of loons. Aiki -- you're definitely the King of the LOONS, that's for sure.


A coward too which is far worse. I said SIRI would open over $4, and it DID. You didn't have the balls to say specifically one way or the other, other then to generalize and say the buyer may not do well in this situation or they may -- yeah, pretty SOLID statement there you dope. "EGO" -- bow before your new leader -- I said this stock would open over $4, and it DID! What were the odds of me getting it right to the penny AIKI -- come on coward -- how likely was it that i'd get it to the penny. If it opened at $4.19 i'd be dead wrong -- you're a character and a coward -- don't let me hurt your newb worshipper's feelings though with MORE FACTS. This takes the cake, though. Bow before me, my son.

[bahroor]

Well... here we go again... Why is this allowed to continue? What is value-added about this? More drama queens show up every month.

this is exactly why more vets will post less and eventually leave for better regulated forums; because of morons like cornerZoloft, jackie69, watchtvidiot, and many more will pop soon.

what's ironic is that these idiots don't even trade! and if they do, it's with very little capital. no one with substantial trading capital has the time to sit here and bash every Cramer pick and every real contributor. as if Aiki's record needs to be questioned, much less personally insulted over and over again. For what? Getting a call wrong? Since when did a successful trader make correct calls 100% of the time??
do me a favor Zoloft boy and go back to your mother's basement.

i personally have been posting more picks elsewhere and less here.

[rfi]

Crap like this needs to be done away with. CornerZ has contributed nothing to this thread except to personally bash aiki and call him names. I used to do that IN GRADE 3! Apparently CornerZ is not capable of rational dialogue! (BTW - dialogue means "to have an intelligent conversation") Aiki's record is unquestionable and he has been right way more than he has been wrong! I will take his advice long before I ever listen to someone who can't even use proper grammar or spelling!

FYI - I picked the Colts to win the Super Bowl. I guess if the Bears won I that would make me an a$$hole!

[Svenwulf]

corner/ watchtv/ jack/ Basher A, your are sooo right. in just a few brief days you have shown me how little folks like aiki have contributed to this board. why have they wasted my time with quality picks and market knowledge, when they could have been nauseating me with continued attacks on a somewhat entertaining television personality? where do i put a good word in on your behalf with the new fox financial network? a little plastic surgery on your lips, and im sure you have an anchor job waiting.

but before i proceed to bow to my new leader, please explain to me how i could have played the fact siri would open over 4 today? todays range so far is 3.86 to 4.06- choppy all day. what should we do, oh wise and powerful one? unless of course you are too afraid to venture a guess....

you people are a bunch of loons. Aiki -- you're definitely the King of the LOONS, that's for sure.


A coward too which is far worse. I said SIRI would open over $4, and it DID. You didn't have the balls to say specifically one way or the other, other then to generalize and say the buyer may not do well in this situation or they may -- yeah, pretty SOLID statement there you dope. "EGO" -- bow before your new leader -- I said this stock would open over $4, and it DID! What were the odds of me getting it right to the penny AIKI -- come on coward -- how likely was it that i'd get it to the penny. If it opened at $4.19 i'd be dead wrong -- you're a character and a coward -- don't let me hurt your newb worshipper's feelings though with MORE FACTS. This takes the cake, though. Bow before me, my son.

[Svenwulf]

this is exactly why more vets will post less and eventually leave for better regulated forums; because of morons like cornerZoloft, jackie69, watchtvidiot, and many more will pop soon.

what's ironic is that these idiots don't even trade! and if they do, it's with very little capital. no one with substantial trading capital has the time to sit here and bash every Cramer pick and every real contributor. as if Aiki's record needs to be questioned, much less personally insulted over and over again. For what? Getting a call wrong? Since when did a successful trader make correct calls 100% of the time??
do me a favor Zoloft boy and go back to your mother's basement.

i personally have been posting more picks elsewhere and less here.

bahroor, et?

[CornerZ]

svennie,


I've watched SIRI very closely, more closely then any other stock, I am not a coward like Master Cramer, and can admit when i'm wrong, but I DEFINITELY was pretty damn dead-on here. Was I exact to the penny -- no, I wasn't, I am not psychic, only Cramer can boast that title.


SIRI should of opened higher -- it didn't because the ones that have gotten in before based on a merger haven't seen much upside -- this WILL go through unlike what your board captain AIKI will lead you to believe. When it is 100% solidified, do me the honors Sven and bump this post. I expect SIRI to be trading at around $5 in the very near future.

[Svenwulf]

I've watched SIRI very closely, more closely then any other stock...... I expect SIRI to be trading at around $5 in the very near future.

done and done. odd that a siri watcher is here demonstrating how superior his knowledge is compared to Cramer- good luck with that and your 25% gain. if you bought this morning. of course if youve watched that long, you might even be holding higher than 5. care to make any disclosure, basher A?

[timsuha]

Is this merger going to happen in terms of months or within the year, like I heard? I see this more as an ATT and Cingular merge that will be taking a lot of time than a quick one. I don't see siri doing much either, I think it will be going back into the high 3's shortly.

[Imperator]

Is this merger going to happen in terms of months or within the year, like I heard? I see this more as an ATT and Cingular merge that will be taking a lot of time than a quick one. I don't see siri doing much either, I think it will be going back into the high 3's shortly.

Chairman just said on CNBC that it has an end of year timeframe.

[reddog14]

So if the merger goes through then possibly a nice spike for Sirius? I been holding 9000 shares I bought back in 2003 at 1.16...Not convinced it's done yet....

[optimus25]

As an XM subscriber I got an email this morning with some details regarding the merger:

February 20, 2007


Dear XM Radio Subscriber:

We want to share with you some exciting news: Yesterday, in Washington
DC, we announced XM Radio will be merging with Sirius Satellite Radio
to form the premier digital audio service.

The merger will create a satellite radio company that will provide
consumers across the country with more and better premium radio
programming. The combined company will be able to compete better in what has
become a very complex and dynamic entertainment market.

Where today our exclusive contracts mean you had to choose between
baseball and football or Oprah and Martha Stewart, the new company will
seek to ensure that in the future, you will be able to access both
companies' programming. And, once we are fully integrated, those of you who
have factory-installed satellite radio will no longer be limited to the
programming provided by the exclusive satellite radio service chosen by
their car manufacturer.

This merger should be completed in late 2007 or early in 2008.
Throughout the year, we will provide updates on how the merger is progressing
and information will be available at our website, www.xmradio.com.

Between today and the merger date, as well as during the period
immediately after the merger date, all of your services will remain the same.
The channel lineup, the customer service number, the great music
technology, and the XM Radio web site will all remain unchanged and there
will be no disruption to service. But, if you have questions, information
will be available and maintained on our website, and you can contact
our Listener Care team at 800-XMRADIO, with questions and concerns.

XM Radio continues to be committed to providing you the highest quality
audio entertainment and customer service available today. After the
merger, our new company will be able to offer you the most exciting
listening experience in radio.

Sincerely,

Hugh Panero
CEO, XM Satellite Radio

[Will]

here's the one from Sirius:

To: SIRIUS Subscribers

Today is a very exciting day for SIRIUS customers. As you may have heard, SIRIUS Satellite Radio and XM Satellite Radio are merging to form the nation's premier audio entertainment provider.

This combination of our two offerings will benefit you - our loyal listeners. As a single company, we'll provide superior programming to you every day with the best of both SIRIUS and XM. Currently, XM and SIRIUS broadcast a wide range of commercial-free music channels, exclusive sports coverage, news, talk, and entertainment programming. Howard Stern. Oprah and Friends. The NFL. MLB. NBA. ESPN. CNBC. Fox News. Additionally, the combined company will be able to improve existing services such as real-time traffic information and rear-seat video as well as introduce new ones.

After shareholder and regulatory approvals, we anticipate that the combination will be finalized by the end of 2007. Until then, both companies will continue to operate independently. We will continue to provide you with the uninterrupted service - as well as the outstanding customer support - that you have come to expect and enjoy from SIRIUS. We do not anticipate any changes in your service during the merger process, however, please call our customer care team on 1- 888-539-7474 should you have any questions.

We look forward to the many benefits this combination will offer and continuing to make your listening experience an enjoyable one - offering more of the Very Best Radio on Radio.

Stay tuned,

Mel Karmazin, CEO

[aiki14]

So now that we have had a day and a half to digest this, I am more annoyed than anything else. SIRI never rose to my sell/flip to short price, and then backs off the open for a less than 6% gain on the day (from previous close). Not even a good trading vehicle for the day. And watch it back down from here as the nabobs of negativity hammer the deal in the press. Next real move will be when DOJ makes a statement on the legals. The timeframe for Cornerz $5 price is way out in the future if it ever gets there, and I am not sanguine on the chances. I'd bail on Both SIRI and XM today and take a little profit if they don't immediately start down after open as I suspect they might.

[BuyOnDips]

I think both stocks are not going to do much for the rest of the year. I think if Staples and Office Depot would not be allowed to merge, then the only 2 sat radio companies should not be allowed to merge. Competition is good. Monopolies are bad.

[Ghost]

Confucius Say: "Speculating on FCC approval best left to those who succeed with BioTech and FDA"

[blackhawkzone]

i dont know folks....i dont think that sirius is going to rocket out of the gates even if this merger gets approved.....both companies are losing a lot of money and combining the companies isnt going to change that, at least not in the short term.

i expect any pops in the stock to not last very long.

[CornerZ]

Too many nervous-nellies out there always pessimistic. The last merger speculation was just that, speculation. Both sides stated they never engaged in merger talks and that SIRI boldly stated they can make it on their own. Now that the smoke has cleared and this deal is essentially sealed -- anyone holding on to BOTH SIRI AND XMSR will benefit. I wasn't talking about "shorts."


If that's what you want you'd be better off in other stocks, penny stocks, how about DWOG up huge the last week. Anyone holding SIRI at under $4 will benefit if they're a little patient.

[timsuha]

seems like I was right about it dropping. Siri is a cursed stock, it seems. Glad to get out at 3.7 last week.

[optimus25]

i dont know folks....i dont think that sirius is going to rocket out of the gates even if this merger gets approved.....both companies are losing a lot of money and combining the companies isnt going to change that, at least not in the short term.

i expect any pops in the stock to not last very long.

I think that they'll actually save money on marketing since they don't have to compete. When I bought my car from Honda, they provided me with XM for a couple of months, Free. I liked it and signed on. With the combined programming, I think I'll keep my subscription for a while.

I do think that a combined company still faces many hurdles so if you are willing to take the risk, then I'd be a buyer here.

[Will]

been a subscriber for 2 & 1/2 years, just renewed for another year last month.

I'm addicted to Sirius

[optimus25]

I can't wait to have the NFL & NBA, so I'm rooting for the merger. wohoo!

[aiki14]

svennie,


I've watched SIRI very closely, more closely then any other stock, I am not a coward like Master Cramer, and can admit when i'm wrong, but I DEFINITELY was pretty damn dead-on here. Was I exact to the penny -- no, I wasn't, I am not psychic, only Cramer can boast that title.


SIRI should of opened higher -- it didn't because the ones that have gotten in before based on a merger haven't seen much upside -- this WILL go through unlike what your board captain AIKI will lead you to believe. When it is 100% solidified, do me the honors Sven and bump this post. I expect SIRI to be trading at around $5 in the very near future.

Hows that working out for you buddy?

[TonyM]

Here's the part I really like:

"You will learn to bow before your REAL-LEADER when SIRI opens at $4.20 tomorrow. That's right, I just set the opening price."

Then after completely missing his prediction he brushes it off as if 5% is close enough, typical of a non - trader; they think 20 cents is no big deal.

[aiki14]

Here's the part I really like:

"You will learn to bow before your REAL-LEADER when SIRI opens at $4.20 tomorrow. That's right, I just set the opening price."

Then after completely missing his prediction he brushes it off as if 5% is close enough, typical of a non - trader; they think 20 cents is no big deal.

I thought he was just an idiot kid, but the ZOD reference dates him. So he's an idiot proper.
I wish it had come up a few cents more on tuesday, it never reached my short price, otherwise it's a big win. Oh well.

[GDFLS]

I don't know, maybe I am nuts or just don't want to admit defeat, but I have felt and still do to a degree that SIRI would be able to make it on its own, that they didn't need a merger. They have been smoking XM over the past year or so, but hey...what do I know, I am not a sat-rad CEO. :)

I still would go nuts on my drive to work if I didn't have SIRI in the car, so as a service I love it.

[CornerZ]

lmao,


you dopes, it's funny reading the ignorance by aiki. He talks as if he knows what he's saying. Offers advice, but has already had his head handed to him. Coward who backed out of a financial challenge. I usually don't respond to cowards, but your response to my post is so..well, dumb, I mine as well spend a minute for fun.

I said the stock would open over $4, it did. Tony, of course, capn' Bozo,.20 cents is huge, I was trying to nail the opening number on the head because I have nuts, unlike you and your cowardly boardmate who got their ass handed to them in more ways then one to the point they're afraid to even respond or post in the Cramer section, aiki.

I said it would open over $4. I did NOT purchase SIRI, if you read some of my other posts, i've owned the stock and made a resonable gain from it. I bought it months ago at $3.63 and sold it at $4.07. The stock moves anytime there's a WHISPER of a merger. Now that it was official, I looked at some numbers and anticipated it wouldn't do anything outrageous, but that it would open the following day over $4 per share. -- IT DID you dope. I was right, your COWARDLY board mate, Aiki wasn't. Oh, that's gotta hurt.

I also anticipated the stock would drop as the merger (if approved, which will happen) isn't expected until the end of the year. People are dumping and trying to get in cheaper -- why not. Anyone who holds SIRI will benefit as this stock post merger will trade at over $5 per share. I think SIRI over the months leading up to the merger will not go any lower then $3.55, but I see a range of between $3.60 and $3.90 up until the merger. Getting in at the $3.70 range is going to secure some nice gain if the position is held for the next year.


Bump this post when i'm right on all accounts and kneel before me my sons.

[aiki14]

lmao,


you dopes, it's funny reading the ignorance by aiki. He talks as if he knows what he's saying. Offers advice, but has already had his head handed to him. Coward who backed out of a financial challenge. I usually don't respond to cowards, but your response to my post is so..well, dumb, I mine as well spend a minute for fun.

I said the stock would open over $4, it did. Tony, of course, capn' Bozo,.20 cents is huge, I was trying to nail the opening number on the head because I have nuts, unlike you and your cowardly boardmate who got their ass handed to them in more ways then one to the point they're afraid to even respond or post in the Cramer section, aiki.

I said it would open over $4. I did NOT purchase SIRI, if you read some of my other posts, i've owned the stock and made a resonable gain from it. I bought it months ago at $3.63 and sold it at $4.07. The stock moves anytime there's a WHISPER of a merger. Now that it was official, I looked at some numbers and anticipated it wouldn't do anything outrageous, but that it would open the following day over $4 per share. -- IT DID you dope. I was right, your COWARDLY board mate, Aiki wasn't. Oh, that's gotta hurt.

I also anticipated the stock would drop as the merger (if approved, which will happen) isn't expected until the end of the year. People are dumping and trying to get in cheaper -- why not. Anyone who holds SIRI will benefit as this stock post merger will trade at over $5 per share. I think SIRI over the months leading up to the merger will not go any lower then $3.55, but I see a range of between $3.60 and $3.90 up until the merger. Getting in at the $3.70 range is going to secure some nice gain if the position is held for the next year.


Bump this post when i'm right on all accounts and kneel before me my sons.

I stand corrected. And I apologize to idiots everywhere.
The market is a zero sum game, this is what we're competing against. Life is good.

[TonyM]

I stand corrected. And I apologize to idiots everywhere.
The market is a zero sum game, this is what we're competing against. Life is good.

Good point, we do in fact need idiots like him in order to profit. Hell, they're so ignorant that they can't even tell when they've been put on ignore.

[optimus25]

...i wonder what it feels like when no one pays attention to you?...

[bahroor]

Here's the part I really like:

"You will learn to bow before your REAL-LEADER when SIRI opens at $4.20 tomorrow. That's right, I just set the opening price."

Then after completely missing his prediction he brushes it off as if 5% is close enough, typical of a non - trader; they think 20 cents is no big deal.

bingo!

These three idiots don't even trade! lol, that's what makes their useless posts so amusing. They’re haters.
cornerdumbass probably only holds one stock, SIRI, and is averaged at a much higher price than its 52 wk high. (ouch)

They’re angry, confused, ignorant, retarded, cowards (their favorite word apparently), but more importantly... hilarious!

and I seriously doubt they're 3 individuals to begin with.
no way we got 3 dumbasses to join and post consistent garbage around the same time.

[meth]

wtf, i haven't posted in a while, been busy. seems like a lot of drama since i last visited.

[aiki14]

svennie,


I've watched SIRI very closely, more closely then any other stock, I am not a coward like Master Cramer, and can admit when i'm wrong, but I DEFINITELY was pretty damn dead-on here. Was I exact to the penny -- no, I wasn't, I am not psychic, only Cramer can boast that title.


SIRI should of opened higher -- it didn't because the ones that have gotten in before based on a merger haven't seen much upside -- this WILL go through unlike what your board captain AIKI will lead you to believe. When it is 100% solidified, do me the honors Sven and bump this post. I expect SIRI to be trading at around $5 in the very near future.

:p

[aiki14]

I figured you'd come out of the woodwork and make a comment here. I stand by what I said regarding SIRI and let's see what happens before the year's out.


I also back up what I say as I did the TRUCK and bought at $3.59. It figures I had it planned out to load up on one of two stocks for a few reasons -- CME or SIRI and I chose SIRI as CME bolted up at $510 when I was expecting a slightly lower drop.


Down .18 cents today -- definitely a crappy feeling but i'm long on this one and i'm not gonna make a fortunte but I am gonna make some profit. You're one of the ducks that panicked and sold today, huh Aiki? That's what cowards do.

I am still in both, as a speculation play, I haven't changed my position. I think we still have the potential to get a gain out of this if the regulating bodies start talking positive. Either way I'll move out later this year, for a win or a tax loss, if they don't pull the merger off in that time frame it's unlikely to ever get the go ahead.

[aiki14]

From CNBC:

NEW YORK (Reuters) - Kevin J. Martin, the chairman of the Federal Communications Commission, has privately questioned recent congressional testimony by the architect of a proposed merger of the nation's two satellite radio companies that subscribers would both pay the same monthly rate and receive significantly more programming, The New York Times reported.

As he sought to sell the proposed merger of Sirius Satellite Radio <SIRI.O> and XM Satellite Radio <XMSR.O> to Congress, Mel Karmazin, the chief executive of Sirius, vowed last Wednesday that prices would not be raised and that listeners would benefit enormously by getting the best programming from both companies.

But in separate conversations with two people after Karmazin's testimony to a House committee, Martin said subscribers may be surprised to learn they may actually have to pay more than the current monthly rate of $12.95 if, for example, they want to receive all the games of Major League Baseball (now available only on XM) as well as all the professional football games (now only on Sirius), the Times reported.

Martin, in an interview on Tuesday, suggested that the details had not been clear from the testimony, the Times said. He emphasized that he was not questioning the motives or candor of Karmazin but that there was "a need for greater clarity" over what was being proposed for fees and programming, the Times reported.

Representatives from XM, Sirius and the FCC were immediately unavailable for comment.

(c) Reuters 2007. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

[aiki14]

More bad news for the merger, From the Dow Jones newswire:

WASHINGTON (Dow Jones)--The satellite radio market is easily distinguishable
from other forms of audio media and its participants are therefore distinct, a
leading consumer advocate told a panel of House lawmakers Wednesday.
Testifying before the House Commerce Committee's telecommunications
subcommittee into the future radio, Gene Kimmelman, a vice president with the
Consumers Union, said that the argument put forth by the two satellite radio
companies didn't hold water.
"The product and geographic market characteristics of satellite radio are
easily identifiable and quite distinct from other mobile and stationary audio
products," said Kimmelman in his opening remarks.
As part of their proposed merger, Sirius Satellite Radio Inc. (SIRI) and XM
Satellite Radio Holdings Inc. (XMSR), the companies have said they are not
competing just against each other but against traditional, HD and
Internet-based radio stations as well as technologies such as Apple Inc.'s
(AAPL) Ipod.
Executives at the company need to convince regulators at the Department of
Justice's antitrust unit and the Federal Communications Commission that theirs
is more than a market of two players.
Also testifying at the hearing, Robert Kimball, senior vice president at
Internet media software developer RealNetworks Inc. (RNWK), said the committee
should reject the argument that satellite radio competes with online radio
broadcasters.
He said that laws such as the Copyright Act hamper the ability of Internet
radio to compete effectively.
"I suggest to you that any XM-Sirius merger that relies upon Internet radio
as the justifying competition should be rejected until Congress corrects the
Copyright Act's bias against the internet," said Kimball.
In his opening statement to the hearing, Sirius Chief Executive Mel Karmazin
repeated his mantra that the two companies compete against the range of audio
media.
He also said the company would be willing to enter into binding guarantees
over price levels post-merger.
"We are prepared at the appropriate time to discuss each of these issues
with regulators and to guarantee these benefits as a condition of our merger
approval," said Karmazin. "From our standpoint, these guarantees are not only
good for consumers, they are also essential to the long term success of the
combined company."
Rep. Edward Markey, D-Mass., the chairman of the subcommittee, said the
merger affected a wide range of issues such as consumer prices and equipment,
radio content and the ability of content providers to compete.
Republican Texas lawmaker and ranking member of the overall House Commerce
Committee, Joe Barton, acknowledged in his opening comments that it was
difficult to define the market in which Sirius and XM operate.
-By Corey Boles, Dow Jones Newswires; 202-862-6637; corey.boles@dowjones.com