SIRI?

[justin22g]

I bought this stock sometime earlier this year @ 2.50 and sold at 3.30.

After reading some articles... I really do believe this merger will go through.

I bought last week @ 3.49.

The shareholders voted today and approved the merger.

I am a novice in the market, and the majority of my portfolio are mutual funds.

Anybody have any advice or info on this?

 

[selkirk]

Justin SIRI closed at 3.48 and considering the makret latley that is good.....

the merger probably does go through (though never know with government), they will get approval by year end, or early 2008 at the latest.

not sure if they will put conditions on the two companies, however they will not be able to raise their prices for the service very much....there are too many alternatives.....

1. ipods (they are cheaper and memory doubles every year, put everything on them.)
2. cell phones (now mp3, and will even be able to watch tv on them, not sure why you would want to, but there you go.
3. wireless internet.... pretty soon you will be able to access the internet in more and more places wireless, computers, cell phones, pda.....

if the merger does not go through the stock would be a sell, at least short term.

there is probably cost savings in combing the two companies, however the biggest benefit would be to pay less for the content.

what these companies have paid out (in some cases) for content is incredible.....they will have to lower this amount.

SIRI will lose money in 2008 though not as much, with the merger turning a profit should come quicker.

thanks
selkirk

 

[OhStBuckeyes21]

9 more days

9 more days

Im gambling on this merger going through. They both have jumped through every damn flaming hoop that the fcc has thrown their way. Hopefully we will know in 9 days, then again this is the GOV and that timeline could n very likely change. Can check out timeline here for those interested in the merger

http://www.fcc.gov/transaction/xm-sirius.html

Ive been pickin up bits n pieces of this for the last month and I really like DELL, got in at 25.64. They announce earnings on the 29th, I expect a strong quarter and even stronger outlook which will be a catalyst for this stock

 

[justin22g]

Bear Stearns: DOJ OK for Sirius, XM coming soon
11:43a ET November 30, 2007 (MarketWatch)

CHICAGO (MarketWatch) -- Shares of Sirius Satellite Radio and XM Satellite Radio advanced after Bear Stearns told clients that Sirius' $13.6 billion acquisition of XM could be approved by Department of Justice officials as soon as Friday.

Sirius shares were up 4% at $3.66, while XM stock added 8.7% at $14.94.

XM signed an agreement in February outlining a sale to Sirius in a deal that has drawn close regulatory scrutiny. Terms call for Sirius to pay 4.6 shares for each XM share.

In a research note, Bear Stearns analyst Robert Peck said that while "the final outcome remains uncertain," the DOJ is unlikely to block the transaction, based on the premise that XM and Sirius compete less with each other than with traditional, terrestrial radio.

The companies have said all along that their market should not merely be defined as satellite radio, since they must compete against all of terrestrial radio, as well as Internet radio, audio from satellite and cable television systems, music download services and other media.

Peck said evidence has emerged that, "given high switching costs," consumers responding to a price hike by either XM or Sirius would be more likely to switch to traditional AM and FM stations rather than switch to the other satellite radio operator.

Once the DOJ has made its determination -- possibly Friday or Monday, according to unnamed contacts cited by Peck -- the analyst is convinced that the Federal Communications Commission will follow suit. "We expect the FCC decision near year-end," said Peck.