Sirius XM Radio Inc. provides satellite radio services in the United States and Canada. The company offers a programming lineup of 117 channels to subscribers, which include 63 channels of commercial-free music and 54 channels of sports, news, talk, entertainment, and traffic and weather. It also provides music channels that offer music genres, ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; channels of sports; talk and entertainment channels; comedy channels; and religious channels. As of December 31, 2008, Sirius XM Radio had 19,003,856 subscribers. In addition, it provides music services for commercial establishments; music and comedy channels to mobile phone users; and music channels and select non-music channels over the Internet; a suite of data services; services that offers graphic information; and various real-time weather services, as well as operates a television service, which provides content designed primarily for children in the backseat of vehicles. Further, the company engages in the distribution of satellite radios for use in cars, trucks, homes, offices, boats, or other locations. Sirius XM Radio distributes its satellite radios primarily through automakers, retailers, and Websites, as well as offers to customers of rental car companies. Further, it provides home units that offer satellite services to home and commercial audio systems and products that provide access to the Internet radio services in the home without the personal computer. Sirius XM Radio Inc. was formerly known as Sirius Satellite Radio Inc. and changed its name to Sirius XM Radio Inc. in August 2008. Sirius XM Radio Inc. was founded in 1990 and is headquartered in New York, New York.
"By Brandon Matthews
Sirius XM Radio (SIRI) reported its second quarter 2009 results last week. The report was promising and offered investors a clear vision of the future direction of the company as revenues increased and operating costs plummeted.
Despite this, there is still a negative bias on the street that may offer investors an exceptional opportunity if they can learn to ignore a mainstream media that cannot overcome its negative predisposition of the Satellite Radio provider, and perform their own due diligence. Already these “reliable sources” of information have missed a 1000% gain in the equity since its low of .05 this past February, and continue to be wrong with each subsequent publication.
The second quarter results offer a brief glimpse into a small window of time. For traders, that may be all the information needed, but long term investors need to look at the bigger picture in order to appreciate the long term trends and true direction of any company they choose to invest in, including Sirius XM Radio."
The Editor does not own any SIRI at this time but reserves the right to buy, sell or hold SIRI shares without notice.
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