BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Sirius XM Swings to Profit]]>http://www.bloggingstocks.com/2010/02/25/sirius-xm-swings-to-profit/http://www.bloggingstocks.com/2010/02/25/sirius-xm-swings-to-profit/http://www.bloggingstocks.com/2010/02/25/sirius-xm-swings-to-profit/#commentsFiled under: ,

What do you know. Sirius XM Radio (SIRI) on Thursday posted its first quarterly profit since the two satellite radio companies merged. This is after last week its stock finally managed to climb back above $1, a territory it didn't visit since September 2008.

Sirius posted a profit of $14.2 million, or less than one cent a share, driven by subscriber gains and cost-cutting. This compared with a year-earlier loss of $245.8 million, or eight cents. Analysts had expected a loss of 2 cents a share, according to Thomson Reuters I/B/E/S. Revenue grew 6% to $684 million, beating the analysts' forecast of $664 million.

Continue reading Sirius XM Swings to Profit

Sirius XM Swings to Profit originally appeared on BloggingStocks on Thu, 25 Feb 2010 09:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>howard sterninthenewskarmazinsatellite radiosirisiriusXMThu, 25 Feb 2010 09:50:00 EST<![CDATA[Sirius XM (SIRI) received and rejected a takeover bid]]>http://www.bloggingstocks.com/2009/02/09/sirius-xm-siri-received-and-rejected-takeover-bid/http://www.bloggingstocks.com/2009/02/09/sirius-xm-siri-received-and-rejected-takeover-bid/http://www.bloggingstocks.com/2009/02/09/sirius-xm-siri-received-and-rejected-takeover-bid/#commentsFiled under:

With its stock trading at less than 13 cents, you might think the debt-crippled Sirius XM Radio Inc. (NASDAQ: SIRI) would accept any takeover bid that would mean it could avoid bankruptcy.

Apparently, you'd be wrong. The Wall Street Journal reports (subscription required) that satellite mogul Charles Ergen made an unsolicited takeover bid late last year, but was rebuffed by the company and its board of directors. Ergen had reportedly proposed that one of his companies -- either Echostar Corp. (NASDAQ: SATS) or Dish Network Corp. (NASADAQ: DISH) -- provide the company with enough cash for it to avoid a bankruptcy filing.

Continue reading Sirius XM (SIRI) received and rejected a takeover bid

Sirius XM (SIRI) received and rejected a takeover bid originally appeared on BloggingStocks on Mon, 09 Feb 2009 08:33:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>dishergenfeaturedkarmazinsatsSIRISirius XMSiriusXmMon, 09 Feb 2009 08:33:00 EST<![CDATA[Closing Bell: Dow up on lower commodity prices; AMZN, HD, SIRI gain]]>http://www.bloggingstocks.com/2008/08/11/closing-bell-dow-upon-lower-commodity-prices-amzn-hd-siri-sa/http://www.bloggingstocks.com/2008/08/11/closing-bell-dow-upon-lower-commodity-prices-amzn-hd-siri-sa/http://www.bloggingstocks.com/2008/08/11/closing-bell-dow-upon-lower-commodity-prices-amzn-hd-siri-sa/#commentsFiled under: , , , , ,

Today was a volatile day in the markets as stocks started out flat to slightly positive early on, went negative, but then came back throughout the day. Traders had no real economic numbers, but oil trading under $115 and gold down another 3% has traders cheering beyond any lagging economic numbers.

Here are today's unofficial closing bell levels:
DJIA: 11,782.35
S&P500: 2,439.95
NASDAQ: 1,305.31
10YR T-Note 4.008% (+0.058%)
Pre-Market Analyst Upgrades
Pre-Market Analyst Downgrades

Amazon.com Inc. (NASDAQ: AMZN) rose sharply in today's final minutes. An analyst at Citigroup noted that the company could sell as many as 380,000 units of its Kindle e-book reader this year, which could in turn increase its Audible subscriptions and could raise its e-book sales. Shares were up over 9% at $87.86 in today's final minutes.

Continue reading Closing Bell: Dow up on lower commodity prices; AMZN, HD, SIRI gain

Closing Bell: Dow up on lower commodity prices; AMZN, HD, SIRI gain originally appeared on BloggingStocks on Mon, 11 Aug 2008 16:17:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>amazonamznhdhome depotHomeDepotjim cramerJimCramerkarmazinkindleresearch in motionResearchInMotionrimmsirisiriusMon, 11 Aug 2008 16:17:00 EST<![CDATA[Sirius: would happily buy XMSR (if regulators said 'yes')]]>http://www.bloggingstocks.com/2006/06/26/sirius-would-happily-buy-xmsr-if-regulators-said-yes/http://www.bloggingstocks.com/2006/06/26/sirius-would-happily-buy-xmsr-if-regulators-said-yes/http://www.bloggingstocks.com/2006/06/26/sirius-would-happily-buy-xmsr-if-regulators-said-yes/#commentsFiled under: , , , ,

Firing quite the shot across the bow of its satellite radio rival, Sirius Satellite Radio CEO Mel Karmazin told audience members at a conference on media convergence that he'd happily buy XM Satellite Radio. Executives from XMSR (surely wondering what "the right price" might, exactly, mean) hadn't commented, yet, at the time of this post.

That would be quite some convergence. As the two companies have raced each other to forge deals with opposing car makers and big media names, and have struggled to out-innovate and out-subscribe one another, it seems as if nothing defines the sector so much as the rivalry.

Monopolistic concerns would certainly be raised by regulators, although really: what harm could come of having only one satellite radio company? It's not like consumers have no other choice for their listening pleasure in their cars, or anywhere else, for that matter -- what with offerings ranging from the iPod to the common FM station.

Regulators, it's possible, wouldn't agree with my "who cares?" analysis: they stopped an earlier proposed deal between DirecTV and Echostar.

Sirius: would happily buy XMSR (if regulators said 'yes') originally appeared on BloggingStocks on Mon, 26 Jun 2006 17:51:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>acquisitionskarmazinmandamel karmazinMelKarmazinmergersmergers and acquisitionsMergersAndAcquisitionsrumorssatellitesatellite radioSatelliteRadiosatellitessiriusxmsrMon, 26 Jun 2006 17:51:00 EST