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Old 01-09-2007, 06:28 PM   #31
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He's just like FlagRiot... all opinion, little fact.
Quit making the thread about someone who is not permitted to defend himself.

The reality is that a month ago when FR was telling you the Stern deal was a 750 Million deal at least, you showed your abject confusion on the subject.

Now, we find out it was worse than even FR claimed, and you are here bashing him.

There is not one post of FR's that was anything other than factual. But this board can't handle the truth.

Stern was overpaid. It is inarguable. And as of today it is clear that he will receive FAR MORE than $750 Million, just as FR told you.

When you talk about "little fact", let's remember it was YOU who claimed that Sirius had bought a satellite in '06.

Pathetic.
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Old 01-09-2007, 06:36 PM   #32
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Originally Posted by CorporateSlave
Any other shareholders concerned with this?
Apollo Advisors 91,857,856
Oppenheimerfunds 55,556,424
Barclays Global Investors Intl 30,331,598
ClearBridge Advisors 30,139,508
Vanguard Group 27,443,308
State Street Global Advisors 17,280,184
AllianceBernstein 15,811,004
Tiaa-Cref Investment Management 13,882,718
ING Investments [Scottsdale] 9,529,559
Blue Ridge Capital Advisors LLC 8,000,000
AXA Asset Mgmt Partenaires 7,028,639
Morgan Stanley Investment Management 5,885,134

Unless those mofos in the top 5 spots start selling their huge amount of shares, especially Apollo, I'm gonna do what I've been doing, keep holding. As Mr. Spock would say, "Live long(term) and prosper."
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Old 01-09-2007, 07:00 PM   #33
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Quote:
Originally Posted by Crashed
Quit making the thread about someone who is not permitted to defend himself.

The reality is that a month ago when FR was telling you the Stern deal was a 750 Million deal at least, you showed your abject confusion on the subject.

Now, we find out it was worse than even FR claimed, and you are here bashing him.

There is not one post of FR's that was anything other than factual. But this board can't handle the truth.

Stern was overpaid. It is inarguable. And as of today it is clear that he will receive FAR MORE than $750 Million, just as FR told you.

When you talk about "little fact", let's remember it was YOU who claimed that Sirius had bought a satellite in '06.

Pathetic.

You are so far from reality it's sickening. THE MAN HAS A CONTRACT WITH A COMPANY THAT HAS FIGURED OUT STERN IS GOOD FOR X AMOUNT OF SUBSCRIPTIONS AND WILL BE COMPENSATED FOR REACHING ADDITIONAL SUBSCRIPTION GOALS WHICH HE HAS.


IF HE BRINGS IN 1 MILLION SUBS, THEY FIGURED WITH THEIR CALCULATORS THAT 1million people x $10month (give or take) = $120Million/year IN ADDITIONAL REVENUE.

AS IN THIS MONEY DID NOT EXIST UNTIL HOWARD STERN SHOWED UP.

Then if he hit certain subscription marks, he is to be given a bonus for EXCEEDING WHAT THEY FIGURED HE WOULD BE BRINGING IN,
which he did.

Again, REVENUE THAT DID NOT EXIST UNTIL STERN WAS HIRED.

WHAT PART OF THIS DO YOU NOT UNDERSTAND???

If the company is having money problems IT IS NOT DUE TO HOWARD STERN.

To argue further is showing your lack of understanding.

(my numbers are all rough estimates as it doesn't really matter cause he's responsible for WAY MORE than the streets give him credit for anyway)
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Old 01-09-2007, 07:09 PM   #34
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I'm a little disappointed that Howard has already filed ( so you believe in the mission eh Howard ? ) to sell these shares. We keep getting diluted and taking it in the ass, while Howard and Mel keep scoring.

Keep up it boys, and unless we too get a piece the players will leave the field. Yes, I know you'll be long gone by then, but your reputations won't.
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Old 01-09-2007, 08:01 PM   #35
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The continued equity grants to Stern show how meaningless CFBE even is for Sirius. If you are paying more such a huge amount each year of Stern's compensation in shares instead of cash, of course you are reaching CFBE.
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Old 01-09-2007, 10:24 PM   #36
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Quote:
Originally Posted by rustytrombone
You are so far from reality it's sickening. THE MAN HAS A CONTRACT WITH A COMPANY THAT HAS FIGURED OUT STERN IS GOOD FOR X AMOUNT OF SUBSCRIPTIONS AND WILL BE COMPENSATED FOR REACHING ADDITIONAL SUBSCRIPTION GOALS WHICH HE HAS.


IF HE BRINGS IN 1 MILLION SUBS, THEY FIGURED WITH THEIR CALCULATORS THAT 1million people x $10month (give or take) = $120Million/year IN ADDITIONAL REVENUE.

AS IN THIS MONEY DID NOT EXIST UNTIL HOWARD STERN SHOWED UP.

Then if he hit certain subscription marks, he is to be given a bonus for EXCEEDING WHAT THEY FIGURED HE WOULD BE BRINGING IN,
which he did.

Again, REVENUE THAT DID NOT EXIST UNTIL STERN WAS HIRED.

WHAT PART OF THIS DO YOU NOT UNDERSTAND???

If the company is having money problems IT IS NOT DUE TO HOWARD STERN.

To argue further is showing your lack of understanding.

(my numbers are all rough estimates as it doesn't really matter cause he's responsible for WAY MORE than the streets give him credit for anyway)

I'm so glad when I get old, I'm not like you, people really don't like your posts or your attitude. Perhaps you'll grow up and realize that, but that won't change anything will it, cause you know why.
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Old 01-09-2007, 11:04 PM   #37
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Again, REVENUE THAT DID NOT EXIST UNTIL STERN WAS HIRED.

WHAT PART OF THIS DO YOU NOT UNDERSTAND???
I understand more about "revenue" than you ever will.

But it isn't about revenue. It is about net loss. And if you take SIRI's 1.2 Billion (plus) net loss from '06, add SACs and other expenses related to the "Stern" subs, subtract out the revenue from the Stern subs, you'd have had a loss of maybe $750M. If that.

So, for '06, Stern resulted in a net loss of $450 Million, maybe $500 Million.

Now, you can argue with these FACTS from now on, but it doesn't change it. Sirius has to find a recover this half billion plus pay Stern another $400M in cash plus whatever additional stock he gets, and somehow turn a profit on it.

It is not going to happen. Sorry, it just is not there.

There are a lot of blowhards around who think they understand this stuff, but the reality is you have to look at the total picture and revenue is only a part of the total picture.
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Old 01-09-2007, 11:06 PM   #38
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The continued equity grants to Stern show how meaningless CFBE even is for Sirius. If you are paying more such a huge amount each year of Stern's compensation in shares instead of cash, of course you are reaching CFBE.
Exactly. Precisely. Absolutely.

CFBE for SIRI is as close to meaningless as you can get.

Anyone who wants to know what matters will have a long hard look at the the line that says "NET LOSS" -- that is the one that tells the story, and it is going to be eye-popping.
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Old 01-09-2007, 11:32 PM   #39
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CFBE for SIRI is as close to meaningless as you can get.
But only for SIRI...for XM (which you never mentioned) it is probably a sign of the turn-around. Whatever.
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Old 01-10-2007, 12:36 AM   #40
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But only for SIRI...for XM (which you never mentioned) it is probably a sign of the turn-around. Whatever.
As the other poster mentioned, SIRI has been paying its help with stock.

XM hasn't, at least not on a scale approaching what SIRI has (and that's before we even MENTION the SACs SIRI is paying with stock).

So, yes, there is a pretty big difference.

It should become apparent to you when you see XM's YE'06 financials compared with SIRI's, where SIRI will have lost twice what XM did. Even though XM has "only" 1.6 Million more subs. And even though SIRI is "kicking XM's butt" at retail. And even though SIRI has Stern. And even though both hit CFBE this quarter.

Aside from the fact that XM pays its bills in cash while SIRI pays its bills in stock, what do you think could account for such a discrepancy between the two net loss figures?
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Old 01-10-2007, 02:40 AM   #41
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Originally Posted by loumoll
I'm so glad when I get old, I'm not like you, people really don't like your posts or your attitude. Perhaps you'll grow up and realize that, but that won't change anything will it, cause you know why.
Aww who left the laptop in the kids room?
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Old 01-10-2007, 07:03 AM   #42
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Originally Posted by RoadRunner
But only for SIRI...for XM (which you never mentioned) it is probably a sign of the turn-around. Whatever.
On top of that, Mel stated that this payment has been included in operating costs throughout 2006.
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Old 01-10-2007, 10:07 AM   #43
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On top of that, Mel stated that this payment has been included in operating costs throughout 2006.
So, what? It is still money paid for Stern. Who cares when they expense it? If they increase the Q4 loss by another $82 Million, the Sirius shareholders will just nod forgivingly and proclaim, "We Got Stern!". Stern took SIRI for a ride, anyway you slice it.

A few weeks ago you were claiming that the Stern deal was only $500 Million (which, at the time, was $610 Million, as I tried [in vain] to explain to you then). Now, it is almost $700 Million, and if SIRI's "retail superiority" holds for this year it could will be $775 after the end of the 2nd year, excluding revenue share. This deal could well end up costing Sirius close to a billion dollars.

It was a horrible business decision which has dragged down the entire industry. I understand why they did it, but the only guy who earned his money in that deal was Stern's agent.
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Old 01-10-2007, 10:28 AM   #44
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Originally Posted by Crashed
It was a horrible business decision which has dragged down the entire industry.
I agree... especially after Hugh announced what XM bid on Stern.

Sirius overshot it by a little to say the least.

When you have two competitors... one bids 3X more than the other you need to look internally to see who screwed up.

That kind of overpayment sets the tone for the industry and sets the costs of future deals higher.

Now that $500MM hit is getting more expensive... at a time when all of us are wondering if the rampant growth that is priced in to the stocks can be maintained.
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Old 01-10-2007, 10:34 AM   #45
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Originally Posted by Crashed
So, what? It is still money paid for Stern. Who cares when they expense it? If they increase the Q4 loss by another $82 Million, the Sirius shareholders will just nod forgivingly and proclaim, "We Got Stern!". Stern took SIRI for a ride, anyway you slice it.

A few weeks ago you were claiming that the Stern deal was only $500 Million (which, at the time, was $610 Million, as I tried [in vain] to explain to you then). Now, it is almost $700 Million, and if SIRI's "retail superiority" holds for this year it could will be $775 after the end of the 2nd year, excluding revenue share. This deal could well end up costing Sirius close to a billion dollars.

It was a horrible business decision which has dragged down the entire industry. I understand why they did it, but the only guy who earned his money in that deal was Stern's agent.
They hit CFBE this month even after including this bonus in the 2006 operating costs.
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