NY Times: Sirius XM Prepares Bankruptcy Filing

[Heisenberg]

Horrible news for people such as myself who love to listen on my daily commute and at work.


http://www.nytimes.com/2009/02/11/te...ref=technology

[SUSkinsFan]

i JUST paid to have my service extended. should I cancel and get my money back?

[Heisenberg]

i JUST paid to have my service extended. should I cancel and get my money back?

I would go month-to-month if I could. I have 3 subs that should be good until the fall at least but what a blower this is.

[SpringfieldSkins]

Well that sucks. I've got XM built into my car. I guess I won't miss the payments to them. Save me a few bucks a month.

[CandaceM23]

Chapter 11 Filing allows for restructure ... so I don't necessarily think that it's something that they won't come out of ....

But Chapter 11 filings aren't always successful in the end.

[SUSkinsFan]

I would go month-to-month if I could. I have 3 subs that should be good until the fall at least but what a blower this is.

we paid up front for the year...

[shuler74]

I have 2 recievers what happens now? Does that me no more Howard, if thats the case what am I going to listen to on my way to work?

[Heisenberg]

Chapter 11 Filing allows for restructure ... so I don't necessarily think that it's something that they won't come out of ....

But Chapter 11 filings aren't always successful in the end.

I am hoping that Echostar buys them and brings in new management to run the company.

I'm not hopeful though.

[CandaceM23]

I am hoping that Echostar buys them and brings in new management to run the company.

I'm not hopeful though.

New management might not necessarily help things. It all depends on how much debt they're in.

Banks are not loaning out money these days. Credit limits have been decreased, therefore businesses do not have access to the cash that they did at one point in time. The sad thing about this is that many businesses are trying to be proactive and make necessary changes to last through all of the economic troubles - but no cash from banks = no luck.

[spjunkies]

Almost time for the return of



I'll steal any ****ing image I want

[Forehead]

Major bummer...I acquired 200 shares of this stock at a $4.09 cost basis. I really thought about selling when it was at $9.00+, eating the capital gains and taking my double, but I held on thinking it would go higher. Mistake on my part.

At least it didn't technically cost me anything, since the shares were a gift.

[Forehead]

Almost time for the return of

Almost time for the return of .....OWNED!

[RonJeremy]

Candace owns this thread. Don't panic people....they are just trying to restructure some things right now. Sounds like Echostar will end up owning them before long. Time will tell if they can turn things around.

[Jofizz]

I had XM for a while, I liked it, but it's something that people can live without during this recession.

[TMat184]

Major bummer...I acquired 200 shares of this stock at a $4.09 cost basis. I really thought about selling when it was at $9.00+, eating the capital gains and taking my double, but I held on thinking it would go higher. Mistake on my part.

At least it didn't technically cost me anything, since the shares were a gift.

Your not the only one.....I didn't buy any personally but have a friend of mine that bought $35k worth at $5 a share; this was a very popular growth stock at one time. This to me was a surprise simply because they sure have been advertising on TV and such a lot more lately... I wouldn't be shocked to see a tech company come in and buy them out, their certainly are a lot of subscribers who enjoy this service.