Chance Patterson at it again......

[doberman007]

Funny how these guys always seem to have a jab to throw at any Sirius
deal.

Patterson once again takes the low road:

XM spokesman Chance Patterson said the expense of pursuing deals with
these automakers was not worth the return.

"XM has long-term agreements with Toyota (7203.T: Quote, Profile,
Research), General Motors (GM.N: Quote, Profile, Research), Honda
(7267.T: Quote, Profile, Research), Nissan (7201.T: Quote, Profile,
Research) and Hyundai Corp. (011760.KS: Quote, Profile, Research) We
evaluated the VW-Audi deal and determined the significant cost didn't
justify the limited volume of vehicles produced," he said."

The say the same thing every time they lose a deal.

[LinkedList]

> Funny how these guys always seem to have a jab to throw at any Sirius
> deal.
>
> Patterson once again takes the low road:
>
> XM spokesman Chance Patterson said the expense of pursuing deals with
> these automakers was not worth the return.
>
> "XM has long-term agreements with Toyota (7203.T: Quote, Profile,
> Research), General Motors (GM.N: Quote, Profile, Research), Honda
> (7267.T: Quote, Profile, Research), Nissan (7201.T: Quote, Profile,
> Research) and Hyundai Corp. (011760.KS: Quote, Profile, Research) We
> evaluated the VW-Audi deal and determined the significant cost didn't
> justify the limited volume of vehicles produced," he said."
>
> The say the same thing every time they lose a deal.

It really isn't a jab. XM just has different parameters than Sirius does.
VW/Audi are hanging by a thread; they need all the money they can raise. If
Sirius is willing to pay a premium for the exclusive, it isn't surprising
VW/Audi are willing to make that deal.

XM blew its subsidy wad on the GM deal -- a necessary evil. So, XM is just
being more cautious and leveraging its tech advantage rather than paying
over cash subsidies & revenue shares to other OEMs.

You're sort of sensitive these days, aren't you?

[doberman007]

Frontmed......

The statement Patterson made was damaging to the sector.

He could have taken a higher road and said something such as, "we are
disappointed about the deal, but see it as a postive step for satellite
radio as a whole."

Instead he chose to cast a negative light on it.....which does not help
the sector at all.

In Chances mind.....every deal XM missed was to expensive, and every
deal they got is the best deal around.

Statement like what chance did today are putting pride above
shareholder value.

[LinkedList]

>
> He could have taken a higher road and said something such as, "we are
> disappointed about the deal, but see it as a postive step for satellite
> radio as a whole."

Oh, come on. Remember what Sirius did when XM cut a deal with Toyota. Take
the "high road", indeed.

>
> In Chances mind.....every deal XM missed was to expensive, and every
> deal they got is the best deal around.

XM has been much more fiscally responsible than Sirius. Even in Q4, its
MOST fiscally irresponsible to date, XM lost less than Sirius.

> Statement like what chance did today are putting pride above
> shareholder value.
>

Oh, bull----. Chance's statement looks to be the truth about a relatively
insignificant matter. A minor OEM commitment, no doubt made at huge cost to
Sirius, just doesn't affect the industry at all. Sirius needs all of 'em it
can scrape up.

[Rich]

>> VW/Audi are hanging by a thread; they need all the money they can raise.


Are you sure you are not talking about GM/OnStar/XM?

[LinkedList]

>
> He could have taken a higher road and said something such as, "we are
> disappointed about the deal, but see it as a postive step for satellite
> radio as a whole."
>
> Instead he chose to cast a negative light on it.....which does not help
> the sector at all.
>


Doberman

So, what you're saying, is that Chance should have lied for the good of
Sirius? He should have said, "Hey, it is great Sirius is willing to overpay
on OEM subsidies just like they have on content. It helps the industry,
just like paying Stern nearly 3/4 billion dollars "helped" the industry"?
Even though SIRI's desperate acts just hurt the industry as a whole....

This is absurd. He said exactly what he should have for once. Although, I
do wish XM had disclosed just how much they refused to pay so people would
have an idea just how much Sirius *IS* paying for these installs.

[doberman007]

Frontmed....

Chance does not know what the deal was. he simply has sour grapes.
That plain and that simple.

Perhaps the deal was to expensive for XM.......They did spend a lot of
money in Q4. With twice the subs, and 3 times the revenue, XM's loss
was only $22,000,000 behind Sirius.

By the way. The stern deal is not 3/4 of a billion

[David]

On Fri, 17 Mar 2006 20:01:27 GMT, "LinkedList" <LL@Nomail.com> wrote:

>>
>> He could have taken a higher road and said something such as, "we are
>> disappointed about the deal, but see it as a postive step for satellite
>> radio as a whole."
>
>Oh, come on. Remember what Sirius did when XM cut a deal with Toyota. Take
>the "high road", indeed.
>
What did they do? Show us.

[LinkedList]

>
> Perhaps the deal was to expensive for XM.......They did spend a lot of
> money in Q4. With twice the subs, and 3 times the revenue, XM's loss
> was only $22,000,000 behind Sirius.

The deal was too expensive for XM. Sirius, as we know, has a history of
overpaying for stuff. XM would go broke bidding against Sirius on crap like
this.

>
> By the way. The stern deal is not 3/4 of a billion
>

By the way, it will be damned close before it is overwith.

[johnnyxgriswold@yahoo.com]

High road?? Do you want him to pat Sirius' wittle bottom?

[doberman007]

johnny X.....

No, it would have been likely better to say nothing.

The SDARS infighting when both equites are bouncing of of lows does
nothing for the sector.

XM could have said something that was much more beneficial to the
industry. Instead, they chose to heal their pride rather than the
stock price.

[LinkedList]

> No, it would have been likely better to say nothing.
>
> The SDARS infighting when both equites are bouncing of of lows does
> nothing for the sector.
>
> XM could have said something that was much more beneficial to the
> industry. Instead, they chose to heal their pride rather than the
> stock price.

Don't act like this is such a big deal. We're talking about a minimal
number of vehicles, and the number is shrinking every year. This is not a
Toyota, Honda, Hyundai or Nissan.

Just be happy with getting an OEM deal.

[doberman007]

Frontmed......

You are unreal.....

VW/Audi is over 300k

Hyundai is 500K

Take rate will be much higher with VW than with Hyundai.


If XM had done this deal you would be singing from rooftops

[LinkedList]

> If XM had done this deal you would be singing from rooftops

I would be pleased if they didn't pay too much for it.

But let's not let it go to our heads.

VW sold 224K units last year vs. 256K the year before, a 12.5% decrease.

For 100K or fewer annual sales, on the decline, how much are you willing to
pay? And how much engineering time are you willing to spend? Hadn't you
rather invest that engineering energy into a "Hyundai" that is growing?

I think it is a good "get" for Sirius. They need whatever OEM deals they
can come up with. But I would be concerned it was too expensive, just
because SIRI has that history of overpaying.

[David]

On Sat, 18 Mar 2006 17:35:43 GMT, "LinkedList" <LL@Nomail.com> wrote:

>> If XM had done this deal you would be singing from rooftops
>
>I would be pleased if they didn't pay too much for it.
>
>But let's not let it go to our heads.
>
>VW sold 224K units last year vs. 256K the year before, a 12.5% decrease.
>
>For 100K or fewer annual sales, on the decline, how much are you willing to
>pay? And how much engineering time are you willing to spend? Hadn't you
>rather invest that engineering energy into a "Hyundai" that is growing?
>
>I think it is a good "get" for Sirius. They need whatever OEM deals they
>can come up with. But I would be concerned it was too expensive, just
>because SIRI has that history of overpaying.
Now that they've hooked up with a winner their sales will improve.

[LinkedList]

> Now that they've hooked up with a winner their sales will improve.

LOL. I guess. They definitely needed to do something.

[LinkedList]

>
> The say the same thing every time they lose a deal.

Only when they "lose" a deal because it was too freaking expensive to make
good business sense.

=====================

Sirius Shares Rise on Volkswagen Deal
By BREE FOWLER AP Business Writer
© 2006 The Associated Press
NEW YORK - Shares of Sirius Satellite Radio Inc. rose Friday after
Volkswagen announced a deal that will make Sirius the auto maker's sole
satellite radio provider for U.S. vehicles through 2012.

In afternoon trading, Sirius shares climbed 38 cents, or 8.4 percent, to
$4.89 on the Nasdaq. Over the past 52 weeks, the stock has traded between
$4.36 and $7.98.

Volkswagen will offer Sirius beginning with its 2007 model year vehicles,
including its Audi brand cars, and said it expects to install Sirius radio
receivers in about 80 percent of Volkswagen brand vehicles.

In addition, the auto maker will offer three months of free Sirius service.

Financial terms of the deal were not disclosed.

Analyst Kit Spring of Stifel Nicolaus said that although Volkswagen and Audi
account for a relatively small share of the American car market, the fact
that Volkswagen is immediately equipping 80 percent of its 2007 vehicles is
significant.

"We believe this is further evidence for investors that satellite radio is
indeed going standard in new cars by early next decade," Spring wrote in a
note to investors.

Barton Crockett of JPMorgan called the deal a "modest positive" for Sirius,
saying that despite Volkswagen and Audi's minimal share of U.S. market, the
agreement does boost Sirius' market share to 39 percent, compared with
larger rival XM Satellite Radio Holdings Inc.'s 58 percent.

But analyst Jonathan A. Jacoby of Bank of America said the market is
overreacting to the deal and he will continue to recommend the purchase of
XM shares over Sirius.

"XM is the larger company and retail share is beginning to return to XM,"
Jacoby wrote in a note to clients. "In addition, XM has the more
leverageable expense model."

Jacoby also said that although the financial terms of the deal were not
released, he estimates that it was a more expensive deal than other recent
agreements XM made with Toyota and Hyundai.

"Furthermore, we worry that a high-cost deal could concern investors on
future deals (in other words when current deals have to be renegotiated),"
Jacoby said.

Chance Patterson, a spokesman for XM, pointed to his company's long-term
agreements with several other automakers including General Motors Corp. and
said the financial terms of a possible Volkswagen deal weren't feasible.
"We evaluated the VW-Audi deal and determined the significant cost didn't
justify the limited volume of vehicles produced," Patterson said in a
statement.

XM shares rose 36 cents to $20.53 in afternoon trading on the Nasdaq.

[Rich]

>>>too freaking expensive to make good business sense.

How do you know how expensive or inexpensive? You don't as usual. Was
this agreement material to the buisness of Sirius? Until I see an 8-K,
I think not.

[LinkedList]

>
> How do you know how expensive or inexpensive? You don't as usual. Was
> this agreement material to the buisness of Sirius? Until I see an 8-K,
> I think not.

You wouldn't know an 8k if it bit you on the ass.

[Rich]

>>>You wouldn't know an 8k if it bit you on the ass.

Again with the personal attacks when proven foolish. You do this a lot
Frontmed. I wonder why?

[LinkedList]

>
> Again with the personal attacks when proven foolish. You do this a lot
> Frontmed. I wonder why?

3 minutes, Rich. A new record.

What the matter? Can't find any porn tonight?

[Rich]

Mar 17, 2006 (ASCRIBE NEWS via COMTEX) -- Sirius Satellite Radio and
Volkswagen
of America announced that Volkswagen will offer Sirius as its sole
satellite radio provider for vehicles sold in this country through
2012.

Volkswagen will exclusively offer Sirius beginning with the
introduction
of its 2007 model year vehicles, and expects to equip approximately 80
percentage
with Sirius satellite radio receivers. Additionally, Volkswagen will
offer three months of complimentary service.

{Pay attention here Frontmed}

"There is no doubt that the growth in popularity of satellite radio has
been phenomenal and that Sirius is at the forefront of offering
listeners an incredible breadth of creative programming," said Steve
Keyes, Public Relations General Manager, Volkswagen of America. "The
partnership of these two great brands makes our products more desirable
to our customers."

[David]

On 18 Mar 2006 16:33:38 -0800, "Rich" <sirius.rich@gmail.com> wrote:


>"There is no doubt that the growth in popularity of satellite radio has
>been phenomenal and that Sirius is at the forefront of offering
>listeners an incredible breadth of creative programming," said Steve
>Keyes, Public Relations General Manager, Volkswagen of America. "The
>partnership of these two great brands makes our products more desirable
>to our customers."
>

Both satrad companies get their new partners to hyperbolate on
completion of a deal. Hell, Sean Hannity gave Stern a 20 minute
hummer 2 nights in a row.

[Bingo_17]

"LinkedList" <LL@Nomail.com> wrote in message
news:is1Tf.45072$2O6.40544@newssvr12.news.prodigy.com...
> >
>> How do you know how expensive or inexpensive? You don't as usual. Was
>> this agreement material to the buisness of Sirius? Until I see an 8-K,
>> I think not.
>
> You wouldn't know an 8k if it bit you on the ass.
>
>

And YOU Mr Frotmed? Your head always seems me to be in your ass!

[Bingo_17]

> But analyst Jonathan A. Jacoby of Bank of America said the market is
> overreacting to the deal and he will continue to recommend the purchase of
> XM shares over Sirius.
>
> "XM is the larger company and retail share is beginning to return to XM,"
> Jacoby wrote in a note to clients. "In addition, XM has the more
> leverageable expense model."
>
> Jacoby also said that although the financial terms of the deal were not
> released, he estimates that it was a more expensive deal than other recent
> agreements XM made with Toyota and Hyundai.
>
> "Furthermore, we worry that a high-cost deal could concern investors on
> future deals (in other words when current deals have to be renegotiated),"
> Jacoby said.
>
> Chance Patterson, a spokesman for XM, pointed to his company's long-term
> agreements with several other automakers including General Motors Corp.
> and
> said the financial terms of a possible Volkswagen deal weren't feasible.
> "We evaluated the VW-Audi deal and determined the significant cost didn't
> justify the limited volume of vehicles produced," Patterson said in a
> statement.
>
> XM shares rose 36 cents to $20.53 in afternoon trading on the Nasdaq.
>
>

Both Jacoby and Patterson OPINIONS should be viewed with caution. They both
reak of bias.

Jacoby seems to have a hard on towards Sirius and his advice is suspect in
regard to Sirius.


Patterson is a XM spokesman and has no personal knowledge of the deal
sirius made.

[Bingo_17]

Jacoby must be one of 2

Todays analysis for Sirius

12 strong buy
8 buy
9 hold
2 sell.


http://quote.com/qc/research/anarecs.aspx?symbols=NASDAQ:SIRI