Sirius Satellite Radio, Inc. (NASDAQ: SIRI) will be up bright and early tomorrow morning, as the company will be reporting its Q2 financials in a live webcast at 8 a.m. EST. We'll have live coverage of that event right here at BloggingStocks, so be sure and return tomorrow morning to hear what the satellite radio company-in-flux has to say about its recent performance.
Of particular note recently has been CEO Mel Karmazin's announcement that a cheaper "a la carte" option would be available to customers of a combined Sirius / XM Satellite Radio Holding, Inc. (NASDAQ: XMSR) -- something like $6.95 per month -- which has probably gone a long way toward appeasing regulators who still continue to believe that a "monopoly" would be in place with a single national satellite radio operator.
Sirius is expected to report a loss of 10 cents per share on revenue of $228.3 million for Sirius' Q2 period, down from a $0.17 loss for the year-ago quarter. If the merger (buyout, actually) is approved between XM and Sirius soon, this may be one of the last quarters where a loss is expected and delivered. If you're holding onto SIRI, are you ready for this? Thought so.
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Reader Comments (Page 1 of 1)
7-31-2007 @ 7:06AM
geoff groedner said...
When Mel appeared before the Senate, Sen. Kohl from Wisconsin asked if the combined companies would "ever raise prices". Mel said no, but qualified it.
Sen. Kohl, like the other 534 members of Congress, has taken the term, "totally out of touch" to new, uncharted heights. I'm surprised he didn't ask about Mel's inhaling & exhaling.