SIRI - Sector: Services---Industry: Broadcasting & Cable TV

[setravis]

All 6 threads on SIRI have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.   
All history on a stock pick in 1 thread is awesome. 

[Terliso]

On watch

[setravis]

Let's get SIRIous.....

[usedcasting]

Looks like another huge volume day. 10:30 and already over 45 millions shares traded. 

uc.

[usedcasting]

Sirius Upgraded at JPMorgan

By TSC Staff
1/16/2007 6:35 AM EST

Two big Wall Street firms weighed in Tuesday on investors' hopes for a merger of satellite radio outfits Sirius (SIRI - commentary - Cramer's Take - Rating) and XM (XMSR - commentary - Cramer's Take - Rating).

<%@ include file="/includes/requestparams.jsp" %>
   
JPMorgan upgraded Sirius and XM to overweight from neutral, saying satellite radio is well on its way to becoming a standard feature in new cars. The firm said the companies' growth prospects are cooling but remain strong, with tens of millions of subscribers due to be online by 2010. It said a merger is possible this year but that regulators aren't certain to go along.

Banc of America Securities downgraded XM to neutral from buy, saying there's significant risk if the Washington-based company doesn't pull off a merger with New York-based Sirius. Banc of America also said a merger would take years to fully integrate.

Shares in both companies have rallied in recent weeks as deal chatter has grown ever louder. The news comes after a year in which both companies pulled back on their subscriber growth forecasts and pledged to keep a lid on costs as their shares fell.

[anvilring]

Could this break out here?, its been sideways since mid August.... if it takes out 4.30 with a big white candle, mid-day, would that be good point of entry? Anyone got a better handle on this stocks tecnicals/fundamentals?

             tia, mtich

[usedcasting]

XM and Sirius May Be About to Merge
Monday February 19, 1:34 pm ET
Satellite Radio Rivals XM and Sirius Could Announce a Merger Deal Soon

NEW YORK (AP) -- Satellite radio rivals XM and Sirius could announce a merger deal as early as Monday, The New York Post reported.

The Post, citing an unnamed person familiar with the matter, said that XM Satellite Radio Holdings Inc. and Sirius Satellite Radio Inc. were in advanced negotiations but that the deal could still fall apart.

ADVERTISEMENT
Spokesmen for both companies didn't return calls and e-mails seeking comment.

Speculation about a potential merger between the two companies has persisted for months, and analysts and company executives say such a deal could have significant cost savings. However, many remain skeptical that a deal would be able to pass regulatory scrutiny.

A clause in the Federal Communications Commission ruling granting licenses to the satellite radio operators says that one company cannot own the other one, but the FCC would have the power to change the rule if it chose to. Any deal would also have to pass an antitrust review at the Department of Justice.

The New York Post reported that XM's chairman Gary Parsons would likely keep that title in the combined company, while Sirius' CEO Mel Karmazin would become CEO. It wasn't clear if XM's CEO Hugh Panero would remain.

The shares of both Sirius and XM tumbled more than 40 percent last year on concerns about whether the rapid growth both companies had seen would continue. Both stocks have gained support in recent months from speculation that they would attempt to merge.

XM's stock rose again on Friday after an analyst said in a research note that a merger would have a good chance of passing regulatory hurdles.

[pompano]

I'd love to hear some analysis of this deal.

[setravis]

Premarket Movers: XM Satellite, Sirius



SIRIUS SATELLITE R (NasdaqGS:SIRI) Delayed quote data 

Pre-Market: 4.06  0.36 (9.73%) as of 9:10am ET on 02/20/07

Last Trade: 3.70
Trade Time: Feb 16
Change: 0.00 (0.00%)
Prev Close: 3.70
Open: N/A
Bid: 4.17 x 5000
Ask: 4.06 x 97800
1y Target Est: 5.24

  Day's Range: N/A - N/A
52wk Range: 3.50 - 5.57
Volume: 25,030,950
Avg Vol (3m): 44,850,300
Market Cap: 5.20B
P/E (ttm): N/A
EPS (ttm): -0.85
Div & Yield: N/A (N/A)

[setravis]

SIRI...Time to watch what happens.......
Volume: 83,701,392
Avg Vol (3m): 25,645,700

Technicals
Most Actives

Last Price Quote is:
-0.40%below 13-day MA
-9.23%below 50-day MA
RS Rating: 5 

Fundamentals
Earnings Expected on May 1

Key Data:
Market Cap (M): $4,350.57 
P/E Ratio: NA 
PEG Ratio: -0.276316 
Next Earnings: 05/01/2007
Last Analyst Rating: Hold


An Alternative.......
Look at IACI... I think it may be a better play. They earn money.
If the stochastic stay short line up and the Histogram jumps back into positive territory it ought to do you more good than SIRI. 

[setravis]

Press Release Source: SIRIUS Satellite Radio; XM Satellite Radio


New Study Shows That SIRIUS-XM Merger Enhances Audio Competition
Thursday June 14, 12:47 pm ET 
Report from Leading Economist Concludes SIRIUS-XM Merger Will Expand Programming Options, Improve Content Quality and Benefit Consumers


NEW YORK and WASHINGTON, June 14 /PRNewswire-FirstCall/ -- Thomas Hazlett, the former Chief Economist of the Federal Communications Commission, Professor of Law & Economics at George Mason University, and a principal in Arlington Economics, today released a study regarding the merger of SIRIUS Satellite Radio (Nasdaq: SIRI - News) and XM Satellite Radio (Nasdaq: XMSR - News).
The paper, "The Economics of the Satellite Radio Merger," explores the financial and strategic rationale behind the SIRIUS-XM merger and concludes that the merger offers the potential to yield substantial efficiencies, benefit consumers and enhance the dynamics of competition within the audio entertainment marketplace. The paper was prepared for XM and SIRIUS and was filed today at the Federal Communications Commission (FCC) as part of the companies' merger application.

Commenting on the merger, Professor Hazlett stated, "After a thorough analysis, it is my opinion that the merger of XM and SIRIUS will predictably enhance consumer welfare. The National Association of Broadcasters' (NAB) staunch opposition to the merger illustrates their similar expectation. The improved economic vitality of a combined satellite radio company would drive industry innovation, promote competition and enhance programming and pricing options for customers."

Key findings from the study include:

The proposed XM-SIRIUS merger will increase competition among providers of audio entertainment.


    -- AM/FM radio -- "free radio" -- competes with satellite radio, as
       evidenced by long-standing opposition by terrestrial stations to
       satellite rivalry and to the proposed merger.
    -- If the terrestrial broadcasters genuinely believed that the merger
       would substantially increase price, they would support -- not oppose --
       the merger, given that higher prices for satellite radio would
       translate into larger audiences and ad revenues for them.
    -- Since satellite radio first appeared on the scene, broadcasters have
       consistently attempted to restrain this new service to protect their
       interests at the expense of market competition.

Numerous independent investment analysts have concluded that the proposed merger will yield substantial efficiencies.


    -- The merger is expected to lift the financial prospects of satellite
       radio, lower capital financing costs, and foster economies of scale.
       Consensus estimates identify cost synergies of between $3 billion and
       $7 billion in net present value.
    -- These efficiencies will permit more aggressive investment in satellite
       systems and products and prompt competitive responses from terrestrial
       broadcasters and other rivals.

    By any measure, satellite radio is dwarfed by terrestrial radio.
    -- The most common measure of economic size is revenue. Terrestrial
       broadcasters accounted for over $21 billion in sales in 2006, as
       compared to just $1.6 billion for satellite -- less than 7% of overall
       radio broadcasting revenues.
    -- In market value, terrestrial stations have an estimated enterprise
       value, in aggregate, of about $82 billion as compared to about $9
       billion for XM and SIRIUS combined.
    -- XM and SIRIUS compete in a complex and dynamic market.  When iPods and
       other digital audio media are considered in addition to terrestrial
       broadcasting, satellite's revenue share falls to 4%.

    Consumers will benefit from the proposed merger.
    -- By combining two small players in the audio entertainment market, the
       transaction will bring economic vitality to satellite radio.  This, in
       turn, will sustain a wide range of valuable consumer options and spawn
       new services and products.
    -- Consumers benefit from lower-cost products and services, as well as
       wider program choice.  By combining operations, satellite operators
       seek to create greater scale economies in radio receivers, and to
       supply a wider array of popular programming to subscribers.

There is intense inter-modal competition among providers of audio entertainment.


    -- Consumers have a wide range of audio entertainment choices, including
       advertising-supported terrestrial broadcasting, subscription satellite
       radio, MP3 devices, and other emerging digital media.  The fact that
       there are widely disparate pricing models among these platforms
       demonstrates that the competitive frontier is largely defined in terms
       of quality and convenience of service, rather than price.
    -- Taking the fluid nature of the market into account, it is clear that
       satellite radio broadcasters are not dominant players but compete with
       a host of other products and services.

Investment analysts see the merger as an attempt by satellite radio providers to drive costs down and to offer a more competitive product.


    -- Independent projections show an increase in subscriber growth and more
       programming choices -- a strongly pro-consumer outcome.
    -- A merger that reduces effective prices to subscribers and delivers
       billions of dollars worth of cost saving efficiencies is in the public
       interest under either a "consumer welfare" or a "total welfare"
       standard.

Hazlett concludes that it is for these reasons that Wall Street analysts have argued in favor of this transaction since long before the parties negotiated a merger agreement. Likewise, these same reasons serve as the basis for incumbent broadcasters' opposition.

The analysis and views expressed in this study are solely those of Professor Hazlett, whose research on both high-tech markets and economic regulation has been published in leading economics journals and law reviews. Professor Hazlett received financial compensation for his time in assembling this paper.

To view the full paper or to learn more about the SIRIUS-XM merger, please visit http://www.xmmerger.com or http://www.siriusmerger.com.

About SIRIUS

SIRIUS, "The Best Radio on Radio," delivers more than 130 channels of the best programming in all of radio. SIRIUS is the original and only home of 100% commercial free music channels in satellite radio, offering 69 music channels. SIRIUS also delivers 65 channels of sports, news, talk, entertainment, traffic, weather and data. SIRIUS is the Official Satellite Radio Partner of the NFL, NASCAR, NBA and NHL, and broadcasts live play-by- play games of the NFL, NBA and NHL, as well as live NASCAR races. All SIRIUS programming is available for a monthly subscription fee of only $12.95.

SIRIUS Internet Radio (SIR) is a CD-quality, Internet-only version of the SIRIUS radio service, without the use of a radio, for the monthly subscription fee of $12.95. SIR delivers more than 75 channels of talk, entertainment, sports, and 100% commercial free music.

SIRIUS products for the car, truck, home, RV and boat are available in more than 25,000 retail locations, including Best Buy, Circuit City, Crutchfield, Costco, Target, Wal-Mart, Sam's Club, RadioShack and at http://www.shop.sirius.com.

SIRIUS radios are offered in vehicles from Audi, Bentley, BMW, Chrysler, Dodge, Ford, Infiniti, Jaguar, Jeep®, Land Rover, Lexus, Lincoln, Mercury, Maybach, Mazda, Mercedes-Benz, MINI, Mitsubishi, Nissan, Rolls Royce, Scion, Toyota, Volkswagen, and Volvo. Hertz also offers SIRIUS in its rental cars at major locations around the country.

Click on http://www.sirius.com to listen to SIRIUS live, or to purchase a SIRIUS radio and subscription.

About XM

XM is America's number one satellite radio company with more than 8 million subscribers. Broadcasting live daily from studios in Washington, DC, New York City, Chicago, the Country Music Hall of Fame in Nashville, Toronto and Montreal, XM's 2007 lineup includes more than 170 digital channels of choice from coast to coast: commercial-free music, premier sports, news, talk radio, comedy, children's and entertainment programming; and the most advanced traffic and weather information.

XM, the leader in satellite-delivered entertainment and data services for the automobile market through partnerships with General Motors, Honda, Hyundai, Nissan, Porsche, Subaru, Suzuki and Toyota is available in 140 different vehicle models for 2007. XM's industry-leading products are available at consumer electronics retailers nationwide. For more information about XM hardware, programming and partnerships, please visit http://www.xmradio.com.

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about the benefits of the business combination transaction involving SIRIUS Satellite Radio Inc. and XM Satellite Radio Holdings Inc., including potential synergies and cost savings and the timing thereof, future financial and operating results, the combined company's plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "should," "may," or words of similar meaning. Such forward- looking statements are based upon our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results may differ materially from the results anticipated in these forward-looking statements.

The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statement: general business and economic conditions; the performance of financial markets and interest rates; the ability to obtain governmental approvals of the transaction on a timely basis; the failure of SIRIUS and XM shareholders to approve the transaction; the failure to realize synergies and cost-savings from the transaction or delay in realization thereof; the businesses of SIRIUS and XM may not be combined successfully, or such combination may take longer, be more difficult, time-consuming or costly to accomplish than expected; and operating costs and business disruption following the merger, including adverse effects on employee retention and on our business relationships with third parties, including manufacturers of radios, retailers, automakers and programming providers. Additional factors that could cause our results to differ materially from those described in the forward-looking statements can be found in our Annual Report on Form 10-K for the year ended December 31, 2006 which is filed with the Securities and Exchange Commission (the "SEC") and available at the SEC's Internet site (http://www.sec.gov). The information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this press release.

Important Additional Information Will be Filed with the SEC

This communication is being made in respect of the proposed business combination involving SIRIUS and XM. In connection with the proposed transaction, SIRIUS plans to file with the SEC a Registration Statement on Form S-4 containing a Joint Proxy Statement/Prospectus and each of SIRIUS and XM plan to file with the SEC other documents regarding the proposed transaction. The definitive Joint Proxy Statement/Prospectus will be mailed to stockholders of SIRIUS and XM. INVESTORS AND SECURITY HOLDERS OF SIRIUS AND XM ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.

Investors and security holders will be able to obtain free copies of the Registration Statement and the Joint Proxy Statement/Prospectus (when available) and other documents filed with the SEC by SIRIUS and XM through the web site maintained by the SEC at http://www.sec.gov. Free copies of the Registration Statement and the Joint Proxy Statement/Prospectus (when available) and other documents filed with the SEC can also be obtained by directing a request to SIRIUS Satellite Radio Inc., 1221 Avenue of the Americas, New York, NY 10020, Attention: Investor Relations.

SIRIUS, XM and their respective directors and executive officers and other persons may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding SIRIUS' directors and executive officers is available in its Annual Report on Form 10-K for the year ended December 31, 2006, which was filed with the SEC on March 1, 2007, and its proxy statement for its 2007 annual meeting of stockholders, which was filed with the SEC on April 23, 2007, and information regarding XM's directors and executive officers is available in XM's Annual Report on Form 10-K, for the year ended December 31, 2006, which was filed with the SEC on March 1, 2007 and its proxy statement for its 2007 annual meeting of shareholders, which was filed with the SEC on April 17, 2007. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the Joint Proxy Statement/Prospectus and other relevant materials to be filed with the SEC when they become available.


    SIRIUS
    Media Relations
    Patrick Reilly
    212-901-6646
    [email protected]

    Joele Frank / Eric Brielmann
    Joele Frank, Wilkinson Brimmer Katcher
    212-355-4449
    [email protected]

    XM
    Media Relations
    Nathaniel Brown
    212-708-6170
    [email protected]

    Chance Patterson
    202-380-4318
    [email protected]
--------------------------------------------------------------------------------
Source: SIRIUS Satellite Radio; XM Satellite Radio

[setravis]

I think this is a very good entry point for SIRI.......
MACD is Bullish
Stochastic is Bullish
RSI is Bullish
Support @ $2.76
Resistance @ $2.94...3.04...3.14

52wk Range: 2.66 - 4.78
Volume: 44,998,996
Avg Vol (3m): 30,767,100

Technicals
Close Above the 13-day MA
Most Actives
Percentage Gainer

Last Price Quote is:
3.60%above 13-day MA
-0.53%below 50-day MA
RS Rating: 12 

Fundamentals
Key Data:
Market Cap (M): $4,269.55 
P/E Ratio: NA 
PEG Ratio: -0.5 
Next Earnings: 08/07/2007
Last Analyst Rating: Outperform

[Lucas Scott]

I agree setravis. Chart could be showing a head & shoulders bottom. If it can get above $3 and hold there I may be a buyer.

[setravis]

Seeking Alpha
Congressional Chairs Oppose XM / Sirius Satellite Radio Merger
Thursday June 21, 8:18 am ET


Todd Sullivan submits: It looks like Congress is getting into the act against the proposed satellite radio merger.
 
A bipartisan group of 72 Congressional leaders sent a letter Monday to the chairpersons of the Federal Communications Commission, the Department of Justice and the Federal Trade Commission, opposing the merger of the nation's only two satellite radio companies, XM Satellite Radio Holdings Inc. (NasdaqGS: XMSR - News) and Sirius Satellite Radio (NasdaqGS: SIRI - News), saying "On its face, we believe that sanctioning the marriage of the only competitors in the satellite radio market would create a monopoly which would be devastating to consumers," the letter said.

Among the Democrats signatories are Budget Committee chair John Spratt of South Carolina, Agriculture Committee chairman Collin Peterson of Minnesota, Rules Committee chairwoman Rep. Louise Slaughter of New York and presidential candidate Rep. Dennis Kucinich of Ohio.

Among the 25 Republicans who signed the letter are former House Speaker Rep. Dennis Hastert of Illinois, Republican whip Rep. Roy Blunt of Missouri and Tom Cole of Oklahoma, chairman of the National Republican Congressional Committee.

Earlier I posted my thoughts on the possibility of the merger based on the reaction to the Whole Foods (NasdaqGS: WFMI - News) and Wild Oats (NasdaqGM: OATS - News) attempt. This action by Congress all but assumes this one is dead. While not unusual for those in Congress to chime in with their opinion , in this seemingly new era of a market segment anti-monopolistic attitude, I cannot see how they will allow the merger.

Personally, I think the Wild Oats / Whole Foods opposition is laughable, but a combination of XM /Sirius does create only one satellite radio company, and last time I checked, that was a monopoly.

[setravis]

Seeking Alpha
Congressional Opposition May Deter Sirius/XM Merger
Thursday June 21, 5:43 am ET


The M & A Researcher submits: The last week for the Sirius (NasdaqGS: SIRI - News)/XM Satellite (NasdaqGS: XMSR - News) deal has seen a few interesting, although far from surprising, developments.


First, the companies submitted a commissioned report authored by Thomas Hazlett which naturally touts the merits of the merger while refuting the NAB's claims against the merger. The only real revelation, or rather question, surrounding this report is its timing. It seems somewhat odd that the companies would allow so much momentum to develop against the merger to this point, when a report of this nature could have effectively quelled much of the negativity had it been prepared months ago. The report is available on a this site, which was recently created by the companies to publicize the transaction.

Second, the American Antitrust Institute published this report (on 6/6) in opposition to the merger. The report has been subsequently filed with the FCC and is available as an ex parte filing on the regulator's transaction page.

Third, and perhaps most important, 72 members of the U.S. House of Representatives have signed a formal letter of opposition to the merger. This highly publicized event is remarkable mostly by the fact that no bloc of Congress has come together (at this point) in favor of the merger. Thus, there is currently no political counter to the growing opposition with the beltway, and there is no indication that organized political support will develop any time soon. It should also be noted that this type of concerted political opposition to a merger transaction is extremely rare, as opposition from Congress usually comes in the form of a small group of representatives.

It should also be noted that many of the Congressional opponents are indeed supported by the National Association of Broadcasters. But this in itself is neither surprising, nor terribly significant in the overall scheme of things. The political opposition is real and evidently increasing, and connections to the NAB will have little, if any bearing on this development.

Finally, the ex parte filings posted to the FCC have shifted somewhat to the positive where consumer groups are concerned. However, the groups in question are essentially fringe elements with relatively small public reach when compared to some of the more established groups currently opposing the deal.

As noted from the outset, the public participation in the FCC review will be both extremely voluminous and contentious as the review proceeds. It is pointless to keep score or give much weight to individual filings, on either side of the issue at this early stage. However, it must again be noted that the recent influx of filings has leaned towards support of the merger. This will likely swing back to opposition in the near future.

Once again, this publication estimates the chance of a successful deal completion to be roughly one in three. The recent political involvement tends to push the odds down slightly, although it is too early in the regulatory processes to suggest that this opposition can not be overcome.