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

[setravis]

Sirius XM to Report Q3 Results: Extraordinary Surprises Unlikely...



With Sirius XM Radio (NASDAQ: SIRI) scheduled to report third quarter earnings on Thursday, November 4th, as reported in a recent press release, investors are eager to see what the recent addition of subscribers will mean to the company's bottom line. On October 13th, the company released net subscriber additions for the third quarter of just under 335K, pushing the company's subscriber numbers to a new record high of over 19.8M. This announcement of record subscriber numbers pushed the company's stock price to a new high for the year of $1.40 per share at that Day's close.

With the conference call scheduled, and record subscriber numbers already declared, investors are now looking for the next catalyst to bring new money into the investment pool, driving the stock price even higher. With that purpose in mind, I thought it prudent to separate the hype from the reality and take a look at what the upcoming call most likely will mean for investors as a singular event.

Of course, with Sirius XM, it's not always the reported numbers that move the company's stock price. Contract announcements for content, such as the pending Howard Stern deal and the NFL agreement, each having year end deadlines, are also potential stock price movers, depending on the outcome of those agreements and the reported details. Debt restructuring announcements, with improved interest payments and extended maturity dates, also serve as catalysts or stability-building events in the stock's price, showing improving credit conditions and reflecting an overall lower default risk. The result of favorable debt restructuring draws the attention of the credit rating agencies, resulting in credit risk upgrades from both Moody's Investor Services (MCO) and Standard and Poor's.

To begin, the analysis of Sirius XM's third quarter financial performance, an estimate of Total revenue is a good place to start. Total Revenue is comprised of Subscriber revenue net rebates, Ad revenue net fees, Equipment revenue, and Other revenue. Subscriber revenue has been providing steady year-over-year growth for the company in the first six months of 2010, at 5.35%. Sequential growth for Q2 over Q1 of 4.1% was reported in the August 2010 filing with the SEC. Subscriber revenue represents 86.5% of all revenue derived from Sirius XM Radio's business.

The management of subscriber churn with subscriber retention incentives has an inverse relationship to Subscriber revenue. This in turn represents a key measurement of management's effectiveness in managing subscriber retention incentives against the company's ability to maintain subscriber revenue growth. While the growth in net subscriber additions looks and feels good to investors, subscriber revenue growth is what makes the company money. There should not be any surprises lurking in Subscriber revenue in this report, and an expectation of a sequential increase of 4.5% for Q3 over Q2, resulting in Subscriber Revenue of $628M is reasonable.

With Ad and Equipment revenue representing ~2% of total revenue each, the impact to total revenue growth is minimal, but their impact on net income and adjusted earnings from operations is more significant. The growth rate for both categories has been impressive. Ad revenue has improved Q2 over Q1 by 8.75%, and Equipment revenue has improved by 29.5% for the same period. Equipment revenue growth is attributed to royalty improvements from increased OEM installations. I see these two line items continuing to perform well, with Ad revenue posting a 9% increase to $17.2M, and Equipment revenue posting an 18% increase to $22.2M for Q3.

The most significant revenue growth driver, other than Subscriber revenue, is that generated from the U.S. Music Royalty fees passed on to new and renewing subscribers, and is found in the Other revenue category. Initiated at the end of July 2009, the Other revenue category has contributed $191M to total revenue, and $119M in the first six months of 2010, compared to $11M in the same period of 2009. The $119M represents about half of the revenue share and royalties payments currently being made by the company in 2010. While I understand that this category also includes affiliate revenues, content licensing and syndication fees, they represent a small percentage of the total category. I anticipate the Other revenue number will remain consistent at $58M for Q3.

Q3 Estimated TOTAL REVENUE: $725M

Most of Sirius XM's operating expenses are relatively stable since restructuring the cost centers post merger. Items like Programming and Content, Customer Service, Satellite and Transmission, and others related to standard operating process for the company, are relatively fixed and apportioned throughout the quarter.

Other expenses such as, Sales and Marketing, Subscriber Acquisition Costs (SAC), Revenue Share and Royalties, while still being standard to operating process, are more variable in amount. These charges are directly proportional to the amount of subscribers the company adds during the quarter, and advertising and distribution costs necessary to support the sale of subscription based services. Sequentially from Q2, I would expect costs to decrease for Q3 for Sales and Marketing from $56M to $49M, a decrease of ~$10M in SAC from $108M to ~$98M, and small increase $2M in Revenue Share and Royalties posting an expense of $109M.

Q3 Estimate of Total OPERATING EXPENSE: $559M

Q3 Estimated Total INCOME (LOSS) FROM OPERATIONS: $166M

Other Expense is a "non operating expense" category. When looking at Cash from Operations above, this expense is not include in the calculations. Interest expense, a key component to this category, has been consistent for the first two quarters of 2010, and should remain so for this quarter at ~($77M). Without any debt restructuring resulting in Loss on Exinguishment of Debt in the third quarter, there will be a reduction in this category in Q3 over Q2, of $31.9M. This is a non-cash accounting expense that represents discounts not fully consumed throughout the life of a loan, or note's maturity. This will result in an improvement of "net income (loss)" by that amount for Q3. Holding all other items as equal for Q3 in the other expense category, an estimate in total Other Income Expense of ~($77M) can be expected.

Q3 Estimated Total OTHER INCOME EXPENSE: ($77M)

Q3 Estimated Total NET INCOME (LOSS): $88M

EPS (Basic): $.02 per share


EPS (Diluted): $.01 per share

When trying to estimate Cash Flows for the period which determine the company's ending Cash balance, three areas need to be evaluated; net cash from operations, net cash used in investing activities, and net cashed used in financing activities. As will be reported, the Cash balance account is reconciled over the nine months of operations for 2010.

As of June 30th the cash balance was $258M with significant financing activities taking place in Q2, impacting significantly cash used in investing activities, which was reported at ($105M). Additionally, the Q2 Cash used in investing activities was reported as ($160M), and the Cash used in operating activities was reported at $140M. Together the cash used in these three categories resulted in a depletion of the cash account by ($125M), from a balance of $383M at the beginning of the period.

With no cash being deployed in financing activities for Q3, and an estimated ($42M) cash being used in investing activity, primarily for XM5 launch and build commitments, the third quarter may provide a surprise when the cash balance is reported. With a projected net income of $88M and a growing deferred revenue account from continued subscriber growth, the company may post a net increase in cash and cash equivalents of $100M, resulting in a Cash balance of $358M as of September 30th 2010.

Estimated CASH ON HAND: $358m

Estimating EBITDA for Sirius XM is very difficult to evaluate without sitting in on the final computations with the company's CFO. For the purpose of this estimate, a figure of $155M can be used, and would be on track with CEO Mel Karmazin's end of year projections of over $575M at the Liberty Media (LCAPA) Investor Meeting.

In addition, adjusted FCF reported by the company has been forecast to reach over $150M for the year 2010. Currently adjusted FCF is ($18M), representing a significant recovery in this metric for the remainder of the year. The primary drag on adjusted FCF for the company was a lump-sum payment made in January 2010 for deferred payments from 2009, and the use of cash on hand to pay for employee incentive bonuses rather than issuing stock for this payment. The second quarter showed good recovery in this category posting a positive $108M. Given the broad latitude in computing EBITDA and adjusted FCF, an estimate $125M for Q3 is reasonable.

Estimated EBITDA: $155m

Estimated ADJUSTED FCF: $ 125m

As I have assessed the financial and operating performance for the company during the third quarter of 2010, it is highly unlikely that there will be any extraordinary surprises in this upcoming report. From a stock price point of view, this report should show steady improvement in maintaining good cost containment processes, and the efficient use of cash to support operations and continued growth in the company's primary markets. Other than a surprise to the upside in building cash on hand, this report should support current stock price levels.

With uncertainty lingering from the Howard Stern deal, I would expect range bound activity absent any other catalyst for the upcoming weeks. From what is being presented here, it will take another quarter of solid financial performance, securing the company's premium talent, and some aggressive 2011 projections by the company to get the stock price to the next level. Mel Karmazin needs to present more accurate forecasting for future performance for the company to get the attention investors are looking for from "the street".

[setravis]

Technicals
Record Price High
Most Actives

Last Price Quote is:
10.73%above 13-day MA
23.05%above 50-day MA
RS Rating: 94

Day's Range: 1.4461 - 1.50
52wk Range: 0.56 - 1.50
Volume: 90,233,742
Avg Vol (3m): 69,012,400
Market Cap: 5.83B
P/E (ttm): N/A
EPS (ttm): -0.02
Div & Yield: N/A (N/A)


Sirius Reaches New 52-Week High.......
NEW YORK (TheStreet) -- Sirius XM(SIRI_) reached a new 52-week high of $1.47 today after the satellite radio company announced it is retiring a portion of its debt.
Shares are up today after Sirius announced Wednesday that it closed the previously announced offering of $700 million aggregate principal amount of 7.625% senior notes due 2018.
Sirius also said that it accepted for purchase the $489.1 million aggregate principal amount of its outstanding 11.25% senior secured notes due 2013.

Sirius XM: Hirings, Firings and Negotiations

Payment for the 11.25% notes purchased were made on Wednesday, October 27.
The company is scheduled to release its third quarter financial results on November 4. It already announced that it added 334,727 net subscribers in the third quarter, compared with a net gain of 102,295 subscribers in the third quarter last year.
Chief Executive Officer Mel Karmazin expects Sirius to end 2010 with approximately 20.1 million subscribers, which would be the highest number of net subscribers in its history.
Sirius shares are currently up more than 3% to $1.45. The stock has been steadily gaining since its low of 56 cents one year ago.

 

[setravis]

SIRI - Momentum
http://www.chartmoney.com/stockquotes.php?ticker=siri
Sirius XM Radio Inc. provides satellite radio services in the United States and Canada.

[setravis]

Sirius XM Radio (SIRI)
Sirius XM Radio is known for its two wholly owned subsidiaries, XM Satellite Radio Holdings and Satellite CD Radio. SIRI has performed in 2010, gaining 130.8% since January. Since September, this penny stock has climbed 44.9%. Sirius has also met or exceeded earnings estimates three of the last four quarters. Trading at just $1.38, SIRI is a very affordable stock that could be great for your portfolio, based on its yearly performance.

Day's Range: 1.37 - 1.41
52wk Range: 0.56 - 1.41
Volume: 47,372,135
Avg Vol (3m): 65,064,200
Market Cap: 5.38B
P/E (ttm): 52.69
EPS (ttm): 0.03
Div & Yield: N/A (N/A)

Technicals
Most Actives

Last Price Quote is:
-2.01%below 13-day EMA
2.57%above 50-day EMA
RS Rating: 89

"According to a recent SEC filing, billionare investor Leon Cooperman, founder of Omega Advisors and the former head of investment research at Goldman Sachs (NYSE: GS), purchased 24,517,500 shares of Sirius XM common stock last quarter, now valued at over $35,000,000.00." 

 

[setravis]

MINI USA Offers SIRIUS as Standard Equipment on New Model Ye...


WOODCLIFF LAKE, N.J. and NEW YORK, Dec. 22, 2010 /PRNewswire via COMTEX/ -- MINI USA and SIRIUS XM Radio (SIRI) today announced that MINI will offer SIRIUS as standard equipment on new Model Year 2011 MINI vehicles.


MINI will include an introductory one-year subscription to the "SIRIUS Everything" package with the purchase of every new 2011 MINI vehicle.

"We are very excited to offer SIRIUS as standard equipment on 2011 MINI vehicles, as it ensures that every MINI includes a well-rounded selection of in-car entertainment options," said Jim McDowell, Vice President, MINI USA. "SIRIUS is fully integrated into all three of the MINI infotainment options, and allows MINI owners to further personalize their MINI driving experience at the push of a button."

"MINI drivers appreciate efficient performance and value, and now all new MINI owners will be able to enjoy SIRIUS with its broad range of diverse content," said Steve Cook, Group Vice President and General Manager, Automotive Division, SIRIUS XM Radio. "By including a one-year introductory subscription, MINI drivers can enjoy the best in-vehicle audio entertainment beginning with the first time they start-up their new vehicles."

The "SIRIUS Everything" package delivers more than 135 channels, including 100% commercial-free music, plus premier sports, news, talk, entertainment, traffic and weather information.

All new Model Year 2011 MINI Hardtop, Convertible, Clubman and Countryman vehicles will include a factory-equipped satellite radio and a one-year introductory subscription to the "SIRIUS Everything" package. After the introductory one-year subscription, the SIRIUS service will be subject to the standard rates.

For more information on SIRIUS, please visit www.sirius.com .

About SIRIUS XM Radio

SIRIUS XM is America's satellite radio company, broadcasting more than 135 channels of commercial-free music, and premier sports, news, talk, entertainment, traffic, weather, and data services to more than 20 million subscribers in cars, trucks, boats and aircraft, and through a wide range of mobile devices.

SIRIUS XM offers an array of content from some of the biggest names in entertainment, as well as from professional sports leagues, major colleges, and national news and talk providers. SIRIUS XM programming is also available at sirius.com and xmradio.com, and on Apple iPhone and iPod touch, BlackBerry and Android-powered mobile devices using the SIRIUS XM Premium Online App.

SIRIUS XM has arrangements with every major automaker and its radio products are available at retail locations nationwide, as well as shop.sirius.com and shop.xmradio.com.

This communication 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 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 "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intend," "plan," "projection," "outlook" or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of SIRIUS XM's management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond the control of SIRIUS and XM. 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: our dependence upon automakers and other third parties, the substantial indebtedness of SIRIUS and XM; the useful life of our satellites; and our competitive position versus other forms of audio and video entertainment. Additional factors that could cause SIRIUS' and XM's results to differ materially from those described in the forward-looking statements can be found in SIRIUS' Annual Report on Form 10-K for the year ended December 31, 2009 and its Quarterly Report on Form 10-Q for the period ending September 30, 2010 and XM's Annual Report on Form 10-K for the year ended December 31, 2009 and its Quarterly Report on Form 10-Q for the period ending September 30, 2010, which are 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 SIRIUS and XM disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this communication.

About MINI USA

MINI is an independent brand of the BMW Group. In the United States, MINI USA operates as a business unit of BMW of North America, LLC which has been present in the United States since 1975. Royce Motor Cars NA, LLC began distributing vehicles in 2003. The BMW Group in the United States has grown to include marketing, sales, and financial service organizations for the BMW brand of motor vehicles, including motorcycles, the MINI brand, and the Rolls-Royce brand of Motor Cars; DesignworksUSA, a strategic design consultancy in California; a technology office in Silicon Valley and various other operations throughout the country. BMW Manufacturing Co., LLC in South Carolina is part of BMW Group's global manufacturing network and is the exclusive manufacturing plant for all X5 and X3 Sports Activity Vehicles and X6 Sports Activity Coupes. The BMW Group sales organization is represented in the U.S. through networks of 338 BMW passenger car centers, 336 BMW Sports Activity Vehicle centers, 143 BMW motorcycle retailers, 100 MINI passenger car dealers, and 31 Rolls-Royce Motor Car dealers. BMW (US) Holding Corp., the BMW Group's sales headquarters for North America, is located in Woodcliff Lake, New Jersey.

Information about BMW Group products is available to consumers via the Internet at: www.bmwgroupna.com

Journalist note: Information about the BMW Group and its products is available to journalists on-line at the BMW Group PressClub at the following address: www.press.bmwna.com . Additional information, images and video may be found at www.miniusanews.com .

Follow SIRIUS XM Radio on Twitter or like the SIRIUS XM Radio page on Facebook.

O-SIRI


Contact for SIRIUS XM Radio:
Sal Resendez
[email protected]
646 313 2405



SOURCE SIRIUS XM Radio

[setravis]

SIRI BMW Motorcycles to Offer SIRIUS as Standard Equipment on Mod...  by PR Newswire  Dec 22 2010 11:00AM

WOODCLIFF LAKE, N.J. and NEW YORK, Dec. 22, 2010 /PRNewswire via COMTEX/ -- BMW Motorcycles and SIRIUS XM Radio (SIRI) today announced that beginning with January 2011 production, BMW Motorcycles will offer SIRIUS as standard equipment on new radio-equipped Model Year 2011 R 1200 RT, K 1600 GT, and K 1600 GTL Touring Motorcycles.


BMW Motorcycle will include an introductory one-year subscription to the "SIRIUS Everything" package with the purchase of every new radio-equipped RT, GT and GTL Touring Motorcycles produced from January 2011.

"BMW Motorcycle owners expect exceptional performance and our customers seek out the best riding experiences," said Pieter de Waal, Vice President, BMW Motorcycles. "Audio entertainment is one of the pleasures of riding a Touring Motorcycle, and we are very excited to have SIRIUS become standard equipment on our new Touring Motorcycles, providing the perfect soundtrack for the perfect ride."

"BMW Motorcycle sets the standard for high performance and style, and now their customers are able to enjoy the premium audio entertainment experience of SIRIUS," said Steve Cook, Group Vice President and General Manager, Automotive Division, SIRIUS XM Radio. "We are thrilled to provide BMW Motorcycle customers with more than 135 channels of unique, fun, and memorable programming to experience the excitement of the open road."

The "SIRIUS Everything" package delivers more than 135 channels of premier sports, news, talk, entertainment and commercial-free music programming plus traffic and weather information.

All new Model Year 2011 R 1200 RT, K 1600 GT, and K 1600 GTL Touring Motorcycles will include a factory-equipped satellite radio and a one-year introductory subscription to the "SIRIUS Everything" package. After the introductory one-year subscription, the SIRIUS service will be subject to the standard rates.

For more information on SIRIUS, please visit www.sirius.com .

About SIRIUS XM Radio

SIRIUS XM is America's satellite radio company, broadcasting more than 135 channels of commercial-free music, and premier sports, news, talk, entertainment, traffic, weather, and data services to more than 20 million subscribers in cars, trucks, boats and aircraft, and through a wide range of mobile devices.

SIRIUS XM offers an array of content from some of the biggest names in entertainment, as well as from professional sports leagues, major colleges, and national news and talk providers. SIRIUS XM programming is also available at sirius.com and xmradio.com, and on Apple iPhone and iPod touch, BlackBerry and Android-powered mobile devices using the SIRIUS XM Premium Online App.

SIRIUS XM has arrangements with every major automaker and its radio products are available at retail locations nationwide, as well as shop.sirius.com and shop.xmradio.com.

This communication 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 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 "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intend," "plan," "projection," "outlook" or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of SIRIUS XM's management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond the control of SIRIUS and XM. 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: our dependence upon automakers and other third parties, the substantial indebtedness of SIRIUS and XM; the useful life of our satellites; and our competitive position versus other forms of audio and video entertainment. Additional factors that could cause SIRIUS' and XM's results to differ materially from those described in the forward-looking statements can be found in SIRIUS' Annual Report on Form 10-K for the year ended December 31, 2009 and its Quarterly Report on Form 10-Q for the period ending September 30, 2010 and XM's Annual Report on Form 10-K for the year ended December 31, 2009 and its Quarterly Report on Form 10-Q for the period ending September 30, 2010, which are 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 SIRIUS and XM disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this communication.

About BMW Motorcycles

BMW of North America, LLC has been present in the United States since 1975. Rolls-Royce Motor Cars NA, LLC began distributing vehicles in 2003. The BMW Group in the United States has grown to include marketing, sales, and financial service organizations for the BMW brand of motor vehicles, including motorcycles, the MINI brand, and the Rolls-Royce brand of Motor Cars; DesignworksUSA, a strategic design consultancy in California; a technology office in Silicon Valley and various other operations throughout the country. BMW Manufacturing Co., LLC in South Carolina is part of BMW Group's global manufacturing network and is the exclusive manufacturing plant for all X5 and X3 Sports Activity Vehicles and X6 Sports Activity Coupes. The BMW Group sales organization is represented in the U.S. through networks of 338 BMW passenger car centers, 336 BMW Sports Activity Vehicle centers, 143 BMW motorcycle retailers, 100 MINI passenger car dealers, and 31 Rolls-Royce Motor Car dealers. BMW (US) Holding Corp., the BMW Group's sales headquarters for North America, is located in Woodcliff Lake, New Jersey.

Journalist note: Information about the BMW Group and its products is available to journalists on-line at the BMW Group PressClub at the following address: www.press.bmwna.com . Additional information, images and video may be found at www.bmwusanews.com . Broadcast quality video footage is available via The NewsMarket at www.thenewsmarket.com .

Follow SIRIUS XM Radio on Twitter or like the SIRIUS XM Radio page on Facebook.

O-SIRI


Contact for SIRIUS XM Radio:
Sal Resendez
[email protected]
646 313 2405



SOURCE SIRIUS XM Radio

[setravis]

Sirius XM Jumps On BMW Deal (Wed 1:02PM EST)

Day's Range: 1.49 - 1.60
52wk Range: 0.56 - 1.61
Volume: 105,480,305
Avg Vol (3m): 56,546,800
Market Cap: 6.28B
P/E (ttm): 61.35
EPS (ttm): 0.03
Div & Yield: N/A (N/A)

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
13.82%above 13-day EMA
16.93%above 50-day EMA
RS Rating: 87 

[setravis]

SIRI Critical Insider Trade Alerts for Time Warner, Cameron, Siri...  by PR Newswire  Feb 3 2011 9:30AM

VANCOUVER, Feb. 3, 2011 /PRNewswire via COMTEX/ -- Insiderslab.com caught up the convincing insiders trading today for the following companies Time Warner, Cameron, Sirius, Entropic, Chevron, & RF Micro Devices. No need to attend the board minutes, individual investors now have a chance to trade even better than those insiders.

Insider's buy and sell is a valuable screen to help investors determine which stock to track further. Academic evidence indicates that corporate executives are not perfect timers. They tend to trade a bit early although they are generally good at foreseeing the future of the respective companies. Insiderslab.com provides detailed insider trading research and helps investors to become good timers on the stock markets.

(Read full report by clicking the links, you may need to copy and paste the full link to your browser.)

Time Warner Inc.: Open-market Purchase made by company Directors on Dec 15th, at trade price (US$31.50). Disclose date: Feb 2nd. Read Full Report: http://www.insiderslab.com/PR/020311A/TWX/Time-Warner (TWX)

Cameron International Corporation: Market Option Sale made by company C-Level Officers on Feb 2nd, at trade price (US$58.00). Disclose date: Feb 2nd. Read Full Report: http://www.insiderslab.com/PR/020311A/CAM/Cameron (CAM)

Sirius XM Radio Inc.: Open-market Sale made by company C-Level Officers on Feb 1st, at trade price (US$1.62). Disclose date: Feb 2nd. Read Full Report: http://www.insiderslab.com/PR/020311A/SIRI/Sirius (SIRI)

Entropic Communications, Inc.: Market Option Sale made by company C-Level Officers on Feb 1st, at trade price (US$11.14). Disclose date: Feb 2nd. Read Full Report: http://www.insiderslab.com/PR/020311A/ENTR/Entropic (ENTR)

Chevron Corporation: Market Option Sale made by company Directors on Jan 31st, at trade price (US$94.87). Disclose date: Feb 2nd. Read Full Report: http://www.insiderslab.com/PR/020311A/CVX/Chevron (CVX)

RF Micro Devices, Inc.: Open-market Sale made by company C-Level Officers on Feb 1st, at trade price (US$6.78). Disclose date: Feb 2nd. Read Full Report: http://www.insiderslab.com/PR/020311A/RFMD/RF-Micro-Devices (RFMD)

There are thousands of insider filings on the stock markets every day. Insiderslab.com strives to turn this massive raw data into usable information that investors can use to do better research for their investments. Today Insiderslab.com issues new research reports on large insider trades found in the above Blue Chips or Penny Stock companies.

Subscribe for FREE insider trading alert newsletters that track all the stocks on the OTCBB, NASDAQ, SP500, DOWJ, and NYSE. Click here: http://www.insiderslab.com .

Every day, Insiderslab.com research analysts spend hours to track and monitor insider trading activities in the U.S. markets and issue Insider Trading Research Reports every day. Watch the next report tomorrow for one of the following research highlights:

1. Down by Half Purchases made by C-Level officers, Directors, and 10% shareholders

2. Large purchases/sales made by C-Level officers

3. Large insiders sales at 52-week highs

4. Large insider purchases at 52-week lows

5. Consensus purchase/sales by a group of insiders

About Insiderslab.com:

Insiderslab.com is a leading provider of independent reports on insider trade. Its services include insider trade statistics reported onblue chips and penny stocks, real-time insider trading alerts on insider transactions, and newsletters on notable insider trades. Insiderslab.com is composed of a team of experienced analysts who strive to provide the investment community with the software and data necessary to carry investment research. Insiderslab.com currently covers insider trading research in 4 major stocks markets including U.S., Hong Kong, Mainland China, and Singapore. To view its research reports on a complimentary trial basis and take advantage of its other services, go to http://www.insiderslab.com for North America readers and http://www.insiders.hk for Asia readers.

Important Disclaimer:

Insiderslab.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. Insiders.hk and Insiderslab.com have not been compensated by any of the above-mentioned companies. All calculated numbers or statistics are based on best effort. You hereby acknowledge that any reliance upon any Materials in this press release shall be at your sole risk. Please read our report and visit our Web sites, http://www.insiders.hk and http://www.insiderslab.com , for complete risks and disclosures.

Insider Filing Source Reference:

All observations are based on public information released by U.S. Securities and Exchange Commission.


CONTACT: Insiders.hk, Insiderslab.com
[email protected]
[email protected]
Tel: 1.778.2976120



SOURCE Insiderslab.com

[setravis]

SiriusXM Offers Every Game of the 2011 NCAA® Division I Men's Basketball Championship
Sirius and XM listeners nationwide get every minute of every game
Duke coach Mike Krzyzewski's exclusive SiriusXM show, 'Basketball and Beyond with Coach K,' will air throughout the tournament
SiriusXM College Sports Nation and Mad Dog Radio channels to offer daily analysis, interviews with coaches and players, and fan reactions


Press Release Source: Sirius XM Radio On Friday March 11, 2011, 1:30 pm EST
NEW YORK, March 11, 2011 /PRNewswire/ -- Sirius XM Radio (Nasdaq:SIRI - News) will broadcast every game of the 2011 NCAA® Division I Men's Basketball Championship nationwide, offering both Sirius and XM subscribers uninterrupted access to play-by-play of every match-up from the First Four™ on March 15 and 16 through the Final Four® and National Championship game in Houston on April 2 and 4.

(Logo: https://photos.prnewswire.com/prnh/20101014/NY82093LOGO )

All tournament games will be available to both Sirius and XM listeners in their entirety, with no blackouts, on Sirius channels 91, 122, 125, 126 and 127 and XM channels 143, 241, 242, 243 and 244.  SiriusXM's Steve Torre will anchor the coverage on these channels, providing up-to-the-minute scores and highlights during game breaks and directing listeners to other games around the dial.

Tournament match-ups and Sirius and XM channel assignments will be available at www.siriusxm.com/collegesports starting Monday, March 14.

On Selection Sunday, March 13, Chris "Mad Dog" Russo and Steve Torre will host a special Mad Dog Radio Tournament Selection Show live from 5:00 to 9:00 pm ET on Mad Dog Radio, Sirius channel 123 and XM channel 144, providing listeners with live updates as tournament teams and match-ups are announced.  Russo and Torre will interview special guests, including team coaches as well as selection committee chairman Gene Smith, and give fans a place to call in and share their reactions and opinions as the field is revealed. 

Throughout the tournament, Sirius and XM listeners can tune in to several exclusive sports talk shows that will offer comprehensive tournament coverage.

Mike Krzyzewski, head coach of the defending National Champion Duke Blue Devils, will continue to host his weekly talk show, Basketball and Beyond with Coach K, throughout the tournament.  Listeners can hear the show Wednesdays (7:00 pm ET/4:00 pm PT) on Mad Dog Radio.  Additionally, Coach K will join Chris 'Mad Dog' Russo on Russo's show, Mad Dog Unleashed (airing weekdays, 2:00-7:00 pm ET), at various times during the tournament for updates.

Fans can also follow everything happening throughout the tournament on SiriusXM College Sports Nation (Sirius channel 122 and XM channel 143), SiriusXM's all-college sports channel.  Listeners will hear live play by play of tournament games plus daily talk and analysis from a roster of hosts that includes former University of Vermont head coach Tom Brennan, former Ohio State star and 1992 UPI Player of the Year Jimmy Jackson, former Georgia Tech star Kenny Anderson, and veteran college basketball voice Mark Packer.

Tom Brennan, Jimmy Jackson, Mark Packer and Jason Horowitz will be in Houston broadcasting live from Friday, April 1 through Tuesday, April 5, delivering fans all the latest news and talk from the Final Four.

SiriusXM will also offer coverage of the NCAA® Division I Women's Basketball Championship, providing listeners from coast to coast with full coverage of every regional final, the Women's Final Four and championship game.

All NCAA Tournament games are provided to SiriusXM by Westwood One.

About Sirius XM Radio

Sirius XM Radio is America's satellite radio company.  SiriusXM broadcasts more than 135 satellite radio channels of commercial-free music, and premier sports, news, talk, entertainment, traffic, weather, and data services to 20.2 million subscribers. SiriusXM offers an array of content from many of the biggest names in entertainment, as well as from professional sports leagues, major colleges, and national news and talk providers.

SiriusXM programming is available on more than 800 devices, including pre-installed and after-market radios in cars, trucks, boats and aircraft, smartphones and mobile devices, and consumer electronics products for homes and offices. SiriusXM programming is also available at siriusxm.com, and on Apple, BlackBerry and Android-powered mobile devices.

SiriusXM has arrangements with every major automaker and its radio products are available for sale at shop.siriusxm.com as well as retail locations nationwide.

This communication 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 future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intend," "plan,"  "projection," "outlook" or words of similar meaning.  Such forward-looking statements are based upon the current beliefs and expectations of our management 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:  our competitive position versus other forms of audio and video entertainment; our ability to retain subscribers and maintain our average monthly revenue per subscriber;  our dependence upon automakers and other third parties; our substantial indebtedness; and the useful life of our satellites, which, in most cases, are not insured.  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, 2010, 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 communication.

NCAA, First Four and Final Four are trademarks owned or licensed by the National Collegiate Athletic Association.

Follow SiriusXM on Twitter or like the SiriusXM page on Facebook.

P-SIRI

Media contact:

Andrew FitzPatrick, SiriusXM, 212-901-6693, [email protected]

[setravis]

1 of the 5 best stocks under $5 right now...

Stocks trading for less than a fiver have more room to grow than the giants, and the right ones can grow faster, too. Here is one of the five to look at now, with names you might already know.

Sirius XM Radio

Howard Stern lemmings piled into Sirius stock years ago when the shock jock moved his circus to satellite radio. Many lost almost all their money, as the company's stock fell under $1 from above $8.

But with a 2008 buyout of XM Radio and a bankruptcy scare under its belt, Sirius XM Radio (SIRI) is now a dominant force on the comeback trail.

Skeptics believe iPods and free Web radio services like Pandora will jam the signal at Sirius, which charges $12.95 a month. But satellite radio offers content that listeners can't find elsewhere on the radio -- not only Stern, but also Martha Stewart, Oprah Winfrey, Jamie Foxx, Barbara Walters and a Playboy channel, to name a few.

And recent trends confirm that drivers are willing to pay for that content. Sirius XM Radio's subscriber base grew last year by 8%, to 20.2 million. That helped drive revenue up 14%, to $2.82 billion. "It's kind of like the original cable TV, when everyone thought people wouldn't pay for TV because it's free," says Robert Routh, a media analyst at Phoenix Partners. "Sirius XM Radio has lot of stuff you can't get elsewhere." The reason: While terrestrial radio companies lack the funds to buy the big talent, Sirius XM Radio can buy whatever it wants to fill its 135 channels, says John Tinker, an analyst with Maxim Group.

Two other keys to growth: Sirius XM Radio is available for free for a few months in 60% of all new cars. As car sales rise in an improving economy, subscriber growth should increase. A Sirius 2.0 upgrade and a possible rate increase later this year will also drive gains. All-important cash flow could hit $1 billion a year by 2015, predicts Morgan Stanley analyst David Gober. He says Sirius XM Radio will be announcing dividends and share buybacks -- music to investors' ears.
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Coming out of oversold...

Day's Range: 1.68 - 1.73
52wk Range: 0.82 - 1.88
Volume: 38,752,993
Avg Vol (3m): 53,700,900
Market Cap: 6.77B
P/E (ttm): 172.00
EPS (ttm): 0.01
Div & Yield: N/A (N/A)

Technicals
Most Actives
Last Price Quote is:
-0.32%below 13-day EMA
1.35%above 50-day EMA
RS Rating: 82 

[setravis]

Tech
Sirius XM: Price Hike Coming? And Then A Big Buyback Plan?
Apr. 6 2011 - 1:59 pm

Is Sirius XM (SIRI) planning to hike its subscription rates later this year?

Gabelli & Co. analyst Brett Harriss thinks so. In fact, he raised his rating on the shares this morning to Buy from Hold, in part on the theory that the company has pricing power that the Street might not appreciate. Note, by the way, that while he is bullish on Sirius, he thinks the best way to play the stock is via Liberty Capital (LCAPA), the company's largest single investor.

Harriss notes that as a condition of the July 2008 merger of Siriux and XM, the company agreed not to raise prices for its basic subscription until August 2011. With August now less than six months away, no immediate pricing action is likely, but the analyst contends that the company is likely to gradually increase prices from here. He's modeling a 4% average annual price increase through 2015.

"With a largely fixed cost basis, price increases should be highly accretive," he writes in a research note. Harris estimated that a $1 a month increase in ARPU across the company's 20 million subs would mean $185 million in additional EBITDA.

Meanwhile, Harriss also thinks the company could start buying back shares in 2012. "Management has expressed comfort with a debt to EBITDA ratio of 3.0x which implies share repurchases could begin in the
second half of 2012," he writes. Harriss thinks the company could return as much as $6 billion – 55% of the company's current market cap – through 2015.

SIRI today is up 6 cents, or 3.15, to $1.83.

[setravis]

•InPlay: Sirius XM Radio increases purchase price for its 3-1/4% Convertible Notes due 2011Briefing.com(Wed, Apr 6)

7:31AM Sirius XM Radio increases purchase price for its 3-1/4% Convertible Notes due 2011 (SIRI) 1.78 : Co announces that it has increased the purchase price offered in its tender offer for any and all of its outstanding 3-1/4% Convertible Notes due 2011 to $1,010 per $1,000 principal amount of Notes tendered, plus accrued and unpaid interest up to, but not including, the payment date of the Notes.

Day's Range: 1.79 - 1.86
52wk Range: 0.86 - 1.88
Volume: 100,914,295
Avg Vol (3m): 54,008,200
Market Cap: 7.24B
P/E (ttm): 184.00
EPS (ttm): 0.01
Div & Yield: N/A (N/A)

Technicals
Most Actives

Last Price Quote is:
6.24%above 13-day EMA
7.93%above 50-day EMA
RS Rating: 71 

[setravis]

"Metallica Presents: Big 4 Radio" Launches on SiriusXM
Limited-run channel airs two weeks before the "Big 4 Festival"
"Mandatory Metallica" returns to SiriusXM

NEW YORK, April 11, 2011 /PRNewswire/ -- Sirius XM Radio (NASDAQ:SIRI - News) announced today that it will launch "Metallica Presents:  Big 4 Radio," the commercial-free music channel featuring the music of four of heavy metal's biggest legends:  Metallica, Megadeth, Anthrax and Slayer. The channel's launch leads up to the long-awaited "Big 4 Festival," which will feature the four pioneering bands performing together for the first time in the United States, on April 23 in Indio, California.

(Logo: http://photos.prnewswire.com/prnh/20101014/NY82093LOGO)

"Metallica Presents:  Big 4 Radio" will launch on Tuesday, April 12 at 12:00 pm ET and air through Sunday, May 8 at 3:00 am ET on the SiriusXM Bootlegs channel on SiriusXM Internet Radio, and through the SiriusXM App for the Apple iPad, iPhone and iPod touch, and several BlackBerry and Android-powered smartphones. "Metallica Presents:  Big 4 Radio" will also air on Sirius channel 27 and XM channel 42 Saturday, April 16 at 12:00 pm ET through Saturday, April 30 at 3:00 am ET. 

The limited-run channel will also feature highlights of archival interviews with various members of the four bands, as well as Metallica performances at previous "Big 4" shows. SiriusXM listeners will also hear on-site reports from the "Big 4 Festival."

On Sunday, May 8, SiriusXM will launch "Mandatory Metallica," the 24/7 Metallica music channel, including music from the band's entire catalog, rare cuts and songs from Metallica's "Big 4" concert performances. "Mandatory Metallica" will be available for an extended period on SiriusXM Bootlegs on SiriusXM Internet Radio, and through the SiriusXM App for the Apple iPad, iPhone and iPod touch, and several BlackBerry and Android-powered smartphones.

"Metallica Presents:  Big 4 Radio" and "Mandatory Metallica" are the latest examples of SiriusXM's original artist-branded channels dedicated to iconic musicians. In addition to its current lineup of Bruce Springsteen's E Street Radio, Elvis Radio, Radio Margaritaville and Pearl Jam Radio, SiriusXM has previously offered channels such as "Paul McCartney's Band on the Run Radio," "Elton!," "The Who Channel," "Paul McCartney's Fireman Radio," "Rolling Stones Radio," "AC/DC Radio," "Led Zeppelin Radio," "Miles Davis Radio," "The Spectrum of John Mellencamp," "Radio R.E.M.," "Coldplay Nation," "ABBA Radio," "Jay-Z Nation," "Garth Brooks Radio" and "Duran Duran's Red Carpet Radio."

For more information on SiriusXM, please visit www.siriusxm.com. 

About Sirius XM Radio

Sirius XM Radio is America's satellite radio company.  SiriusXM broadcasts more than 135 satellite radio channels of commercial-free music, and premier sports, news, talk, entertainment, traffic, weather, and data services to 20.2 million subscribers. SiriusXM offers an array of content from many of the biggest names in entertainment, as well as from professional sports leagues, major colleges, and national news and talk providers.

SiriusXM programming is available on more than 800 devices, including pre-installed and after-market radios in cars, trucks, boats and aircraft, smartphones and mobile devices, and consumer electronics products for homes and offices. SiriusXM programming is also available at siriusxm.com, and on Apple, BlackBerry and Android-powered mobile devices.

SiriusXM has arrangements with every major automaker and its radio products are available for sale at shop.siriusxm.com as well as retail locations nationwide.

This communication 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 future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intend," "plan,"  "projection," "outlook" or words of similar meaning.  Such forward-looking statements are based upon the current beliefs and expectations of our management 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:  our competitive position versus other forms of audio and video entertainment; our ability to retain subscribers and maintain our average monthly revenue per subscriber;  our dependence upon automakers and other third parties; our substantial indebtedness; and the useful life of our satellites, which, in most cases, are not insured.  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, 2010, 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 communication.

Follow SiriusXM o n Twitter or like the SiriusXM page on Facebook.

P-SIRI

Contact for SiriusXM Radio:
Samantha Bowman
SiriusXM Radio
212 901 6644
[email protected]

[setravis]

Sirius: Outlook Ahead of Earnings...

In a few weeks, Sirius XM (SIRI) satellite radio will be announcing first quarter 2011 numbers. The company will also be posting a preliminary proxy shortly regarding the annual shareholder meeting. This proxy should remove any concern moving forward regarding the previously voted on reverse split possibility, as the company is now more than likely headed to two dollars and safely above minimum NASDAQ listing price of $1.00.

So many attempts to discourage would be investors from buying Sirius XM stock over the past two years it is literally mind numbing. Even now the same false stories and untruths seem to find their way into the mainstream and the internet media world. In fact, these "stories" are designed to take the average persons focus off of what is actually going on. Truth be told, Sirius XM satellite radio is continuing to grow with no real sign of stopping as more and more automobiles on the road today now have satellite radios installed as standard equipment. While it is true that there are also alternative internet based radio services and technologies being embedded in new vehicles, quite simply, none of them compare to what Sirius XM provides in the way of content. What other service has commercial free music, talk programming, special event limited programming, college and professional sports from around the globe, live concert broadcasts, comedy shows, children's radio, medical and even adult entertainment radio channels?

Sirius XM has been upgrading and integrating more technology into all its platforms. The newly integrated internet radio player can provide listeners with information related to the songs they are listening to and the artists who recorded them as well as album art. Sirius has also been streaming metadata provided by ROVI (ROVI) on its internet player. Certainly Sirius XM has seemingly lagged behind for a couple of years in the upgrade of its technologies, but lately it seems to be making up for it. This week on April 12th we will finally get to see what it is that Teleca has done for Sirius XM via the Android platform at the SAE 2011 World Congress in Detroit. As of 11 April Sirius XM internet also has added LIMITED engagements to the Internet radio platform on XM 19 as well as other channels. This coupled with press releases which made sure to mention that the Triple Crown races as well as special programming from Metallica are definitely items which distinguish Sirius XM along with other special programming and from other radio or entertainment programming, especially on the internet. Is this a step toward the future further monetization of Sirius Xm internet radio?

On Sunday, May 8, SiriusXM will launch "Mandatory Metallica," the 24/7 Metallica music channel, including music from the band's entire catalog, rare cuts and songs from Metallica's "Big 4″ concert performances. "Mandatory Metallica" will be available for an extended period on SiriusXM Bootlegs on SiriusXM Internet Radio, and through the SiriusXM App for the Apple iPad, iPhone and iPod touch, and several BlackBerry and Android-powered smartphones.

[setravis]

More Trouble for SIRIUS XM...

Satellite radio service provider SIRIUS XM Radio Inc. (NasdaqGS: SIRI - News) is facing legal challenges one after another. Yesterday, a U.S. District judge has ruled that the company must face class-action lawsuit related to antitrust violation. The case was filed in 2009 by a group of SIRIUS XM subscribers, who claimed that the company is abusing its monopoly power by raising prices to nearly 30%. SIRIUS XM was formed in 2008 after a merger between the two arch rivals, Sirius Satellite Radio Inc. and XM Satellite Holdings Inc. The lawsuit is primarily related to music royalty fees that SIRIUS XM is charging from July 2008, in addition to subscription fees.

Last week, SIRIUS XM faced a lawsuit from none other than its star performer Howard Stern. Mr. Stern has complained that SIRIUS XM failed to pay him stock awards that it granted based on a specific subscriber growth target. Immensely popular radio-jockey Howard Stern hosts talk-show in SIRIUS XM. Several industry researchers estimated that discontinuation of Howard Stern shows in SIRIUS XM may result in loss of approximately 1 million subscribers to the company.

Nevertheless, SIRIUS XM looks confident that their view will ultimately prevail in the federal justice department. The merger between SIRIUS and XM cleared both U.S. Department of Justice and the Federal Communications Commission rulings long back. Therefore, abuse of monopoly power does not arise. As of now,after Comcast Corp. (NasdaqGS: CMCSA - News), the company is the second largest entertainment subscription service provider in the U.S.

Further, satellite radio broadcasting market is becoming intensely competitive. SIRIUS XM is facing severe competitive threat from Pandora Internet radio.Pioneer System, a leading car information system manufacturer, unveiled a new car stereo, which can detect Pandora Internet radio settings from Apple Inc's (NasdaqGS: AAPL - News) iPhones or iPods. Besides, the iPhones or iPods can be used to conveniently set customized music stations for individual users while driving. In addition to iPhone, Pandora has also developed streaming services for BlackBerry devices of Research In Motion Ltd. (NasdaqGS: RIMM - News) and Google Inc's (NasdaqGS: GOOG - News) Android-based smartphones.


GOOGLE INC CL A (GOOG): Read the Full Research Report

APPLE INC (AAPL): Read the Full Research Report

RESEARCH IN MOTION LTD (RIMM): Read the Full Research Report

SIRIUS XM RADIO INC (SIRI): Read the Full Research Report

COMCAST CP CL A (CMCSA): Read the Full Research Report

Zacks Investment Research




Day's Range: 1.75 - 1.81
52wk Range: 0.86 - 1.88
Volume: 32,300,301
Avg Vol (3m): 54,228,100
Market Cap: 7.12B
P/E (ttm): 181.00
EPS (ttm): 0.01
Div & Yield: N/A (N/A)

Technicals
Most Actives

Last Price Quote is:
3.71%above 13-day EMA
5.73%above 50-day EMA
RS Rating: 77