SATWAVES

GM Restructuring Still Benefits Sirius XM

By Brandon Matthews A couple of months ago, I wrote an article describing the negative aspects of the existing General Motors(GM) contract with XM Satellite Radio, which was not set to expire until 2013. I outlined the fact that under the terms of that contract, GM fared far better by comparison than XM, now a subsidiary corporation of Sirius XM Radio(SIRI). In a nutshell, it cost Sirius XM Radio approximately 35 million dollars in the first quarter to realize revenue from General Motors in t...

Sirius XM To Raise Rates?

Mel Karmazin has a way of sneaking information into presentations. In the Sirius XM (SIRI) annual stockholder meeting, many picked up on the line in the Power Point presentation that states "Launching Apple (APPL) iPhone/iPod Touch and Smart Phone Applications", which makes it apparent that other programs are in the works for Research In Motion's (RIMM) Blackberry, Microsoft's (MSFT) Windows based phones, and other PALM (PALM) based mobile phones. That is definitely opens up the doors for more p...

Sirius XM Short Interest Drops To 1 Year Low

By Brandon Matthews The latest short interest report from NASDAQ. Com indicates that Sirius XM Radio's (SIRI) common stock stands at 147,358,699 shares shorted as of May 15, 2009. The last time SIRI had less short interest was in May of 2008. Is this a bullish sign? Or are the hedge funds setting retail investors up for the next wave of short selling? Signs point to the latter, as the short interest has declined precipitously in each of last 4 months. This data should come as no surprise t...

Sirius XM Retail Pops And Drops

By Brandon Matthews One of the charts displayed at Sirius XM's (SIRI) shareholder meeting showed the soon to be released Sirius XM iPhone app. They say a picture is worth a thousand words. In this case it may be worth a thousand questions. In the bottom of the display is a "shopping cart." Could this simply be a way of subscribing to Sirius XM via an iPhone? I doubt it. I think it is much more likely connected to Apple's (AAPL) iTunes which may suggest again a larger Apple/Sirius XM partnersh...

Sirius XM Completes Annual Stockholder Meeting

By Brandon Matthews Satwaves.com was fortunate to have Richard Keane of "Stockshock The Movie" fame call in to give his upbeat analysis of Sirius XM Radio's annual meeting of shareholders, which was held this morning in New York City. Richard constantly provides movie updates via his twitter page. The meeting included a presentation that covered Sirius XM Radio from its conception to the present and beyond. In the question and answer period, Richard was most impressed by Sirius XM CEO M...