Outros sites Medialivre
Caldeirão da Bolsa

Sirius XM Radio

Espaço dedicado a todo o tipo de troca de impressões sobre os mercados financeiros e ao que possa condicionar o desempenho dos mesmos.

Re: Isto hoje promete.............

por sherek_JNEG » 17/2/2009 14:42

rasteiro Escreveu:Enteri a 0.0975, e depois fiz um reforço a 0.102.
É claro que as que comprei a 0.0975 dei a aordem a 0.10, e as de 0.102 dei a ordem a 0.11.
Se ela abrir a cima dos 0.20, já me dou por contente.
Estamos a 1 hora da abertura e ela anda ali por volta dos 0.23 a 0.25

Abraços.

sherek_JNEG Escreveu:
rasteiro Escreveu:Acho que já vou marcar as minhas férias hoje, para este ano.


Grande titulo este.

Pois eu na sexta deixei uma ordem a 0,09 mas elas não cairam agora uma pergunta ,será que é de manter as que tenho a 0,21 e esperar que a nossa sirius suba a valores bem mais altos ou fazer já a mais valias ,embora pequenas e esperar por elas cá mais a abaixo ?
Abraços

Abraços



mas sempre conseguistes entrar na sexta feira?
Um abraço
Avatar do Utilizador
 
Mensagens: 523
Registado: 29/11/2007 13:19
Localização: Sobreda

Re: Isto hoje promete.............

por rasteiro » 17/2/2009 14:37

Enteri a 0.0975, e depois fiz um reforço a 0.102.
É claro que as que comprei a 0.0975 dei a aordem a 0.10, e as de 0.102 dei a ordem a 0.11.
Se ela abrir a cima dos 0.20, já me dou por contente.
Estamos a 1 hora da abertura e ela anda ali por volta dos 0.23 a 0.25

Abraços.

sherek_JNEG Escreveu:
rasteiro Escreveu:Acho que já vou marcar as minhas férias hoje, para este ano.


Grande titulo este.

Abraços



mas sempre conseguistes entrar na sexta feira?
Um abraço
 
Mensagens: 3084
Registado: 29/11/2007 12:24
Localização: Coimbra

Re: Isto hoje promete.............

por sherek_JNEG » 17/2/2009 14:31

rasteiro Escreveu:Acho que já vou marcar as minhas férias hoje, para este ano.


Grande titulo este.

Abraços



mas sempre conseguistes entrar na sexta feira?
Um abraço
Avatar do Utilizador
 
Mensagens: 523
Registado: 29/11/2007 13:19
Localização: Sobreda

Isto hoje promete.............

por rasteiro » 17/2/2009 14:27

Acho que já vou marcar as minhas férias hoje, para este ano.


Grande titulo este.

Abraços
 
Mensagens: 3084
Registado: 29/11/2007 12:24
Localização: Coimbra

por acintra » 17/2/2009 14:14

Aí está os balões de oxigenio desejados. Saiu a noticia e no pré-market a subida parece as slot machines a rodar. Neste momento esta em bid 0.23 ask 0,24.

SIRIUS XM Radio and Liberty Media Reach Agreement for Investment
Tuesday February 17, 7:57 am ET


Liberty Makes Loan to SIRIUS XM to Repay 2 1/2% Convertible Notes due February 17, 2009
Agreement Provides for Additional Loan

Liberty to Acquire SIRIUS XM Preferred Stock and Board Representation in Connection with Investments

Publicit�

NEW YORK and ENGLEWOOD, Colo., Feb. 17 /PRNewswire-FirstCall/ -- SIRIUS XM Radio Inc. (Nasdaq: SIRI - News) and Liberty Media Corporation (Nasdaq: LINTA - News, LINTB - News, LCAPA - News, LCAPB - News, LMDIA - News, LMDIB - News) today announced that they have entered into agreements pursuant to which Liberty will invest an aggregate of $530 million in the form of loans to SIRIUS XM and its subsidiaries and receive an equity interest in SIRIUS XM.

(Logo: http://www.newscom.com/cgi-bin/prnh/200 ... YTU044LOGO )

Under the terms of the agreements, the investments will be funded in two separate phases.


The first phase includes a $280 million senior secured loan from Liberty to SIRIUS XM, $250 million of which will be funded today. The proceeds of that loan will be used by SIRIUS XM to repay $171.6 million of its maturing 2 1/2% Convertible Notes due February 17, 2009, and the balance will be used for general corporate purposes, including working capital and transaction costs. The loan will bear interest at a rate of 15%, mature in December 2012, and be secured by the assets securing SIRIUS XM's existing term credit agreement.

The second phase provides an additional loan of $150 million to XM Satellite Radio, SIRIUS XM's wholly owned subsidiary. Liberty has also agreed to offer to purchase up to $100 million of the loans outstanding under XM Satellite Radio's existing credit facilities from the lenders.
Upon completion of the second phase of the Liberty investments, SIRIUS XM will issue Liberty an aggregate of 12.5 million shares of preferred stock convertible into 40% of the common stock of SIRIUS XM. In addition, Liberty will receive seats on the SIRIUS XM Board of Directors proportionate to its equity ownership. It is expected that John Malone and Greg Maffei will join the SIRIUS XM Board of Directors. Liberty's obligation to consummate the second phase of its investment is subject to various closing conditions.

Mel Karmazin, Chief Executive Officer of SIRIUS XM Radio, said, "We are pleased to have come to this agreement with Liberty Media, particularly in light of today's challenging credit markets. Liberty's investment is an important validation of what SIRIUS XM has already achieved and a vote of confidence in what we will achieve. This agreement enables Sirius XM to continue to develop the opportunities first outlined in the merger of Sirius and XM. By strengthening our capital structure and enhancing our financial flexibility, this investment allows us to continue providing the great content and innovative programming our subscribers know and love."

"We are excited to be investing in SIRIUS XM. We have been impressed with the company, its operations and management team," said Greg Maffei, president and CEO of Liberty. "SIRIUS XM's ability to grow subscribers and revenue in a difficult financial and auto market is indicative of how listeners view this as a "must have" service."

The agreements, and the transactions contemplated by the agreements, do not constitute a change in control for SIRIUS XM under its outstanding debt instruments and are not subject to the approval of the Federal Communications Commission. The receipt by Liberty of voting stock is subject to expiration of the applicable waiting period under the Hart-Scott-Rodino Act.

Important details of the agreements relating to this investment will be available on a Current Report on Form 8-K which SIRIUS XM expects to file with the Securities and Exchange Commission.

Liberty has advised that its investment will be attributed to the Liberty Capital group and is not expected to affect the timing of the previously announced split-off of a portion of Liberty Entertainment.

About SIRIUS XM Radio

SIRIUS XM Radio is America's satellite radio company delivering commercial-free music channels, premier sports, news, talk, entertainment, traffic and weather, to more than 18.9 million subscribers.

SIRIUS XM Radio has content relationships with an array of personalities and artists, including Howard Stern, Martha Stewart, Oprah Winfrey, Jimmy Buffett, Jamie Foxx, Barbara Walters, Opie & Anthony, Bubba the Love Sponge®, The Grateful Dead, Willie Nelson, Bob Dylan, Tom Petty, and Bob Edwards. SIRIUS XM Radio is the leader in sports programming as the Official Satellite Radio Partner of the NFL, Major League Baseball®, NASCAR®, NBA, NHL®, and PGA TOUR®, and broadcasts major college sports.

SIRIUS XM Radio has arrangements with every major automaker. SIRIUS XM Radio products are available at shop.sirius.com and shop.xmradio.com, and at retail locations nationwide, including Best Buy, RadioShack, Target, Sam's Club, and Wal-Mart.

SIRIUS XM Radio also offers SIRIUS Backseat TV, the first ever live in-vehicle rear seat entertainment featuring Nickelodeon, Disney Channel and Cartoon Network; XM NavTraffic® service for GPS navigation systems delivers real-time traffic information, including accidents and road construction, for more than 80 North American markets.

About Liberty Media Corporation

Liberty Media Corporation owns interests in electronic retailing, media, communications and entertainment businesses. Those interests are attributed to three tracking stock groups: (1) the Liberty Interactive group, which includes Liberty's interests in QVC, Provide Commerce, Backcountry.com, BUYSEASONS, Bodybuilding.com, IAC/InterActiveCorp, and Expedia, (2) the Liberty Entertainment group, which includes Liberty's interests in The DIRECTV Group, Inc., Starz Entertainment, FUN Technologies, Inc., GSN, LLC, WildBlue Communications, Inc., and Liberty Sports Holdings LLC, and (3) the Liberty Capital group, which includes all businesses, assets and liabilities not attributed to the Interactive group or the Entertainment group including its subsidiaries Starz Media, LLC, Atlanta National League Baseball Club, Inc., and TruePosition, Inc., and minority equity investments in Time Warner Inc. and Sprint Nextel Corporation.

This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about the benefits of the business combination transaction involving SIRIUS and XM, including potential synergies and cost savings and the timing thereof, future financial and operating results, the combined company's plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "should," "may," or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of SIRIUS' and XM's management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond the control of SIRIUS and XM. Actual results may differ materially from the results anticipated in these forward-looking statements.

The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statement: general business and economic conditions; the performance of financial markets and interest rates; the failure to realize synergies and cost-savings from the merger or delay in realization thereof; the businesses of SIRIUS and XM may not be combined successfully, or such combination may take longer, be more difficult, time-consuming or costly to accomplish than expected. Additional factors that could cause SIRIUS' and XM's results to differ materially from those described in the forward-looking statements can be found in SIRIUS' and XM's Annual Reports on Form 10-K for the year ended December 31, 2007 and their respective Quarterly Reports on Form 10-Q for the quarter ended September 30, 2008, which are filed with the Securities and Exchange Commission (the "SEC") and available at the SEC's Internet site (http://www.sec.gov). The information set forth herein speaks only as of the date hereof, and SIRIUS and XM disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this communication.

Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including the statements regarding Liberty Media's expectations related to the Sirius XM investment and the pending split-off of a portion of the Liberty Entertainment group. These forward looking statements are based on management's current expectations and assumptions, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Actual results could differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements speak only as of the date of this press release. Liberty Media expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Liberty Media's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Additional Information

Nothing in this release shall constitute a solicitation to buy or an offer to sell shares of the split-off company or any of the Liberty Media tracking stocks. The offer and sale of shares in the proposed split-off will only be made pursuant to an effective registration statement. Liberty Media stockholders and other investors are urged to read the registration statement to be filed with the SEC, including the proxy statement/prospectus to be contained therein, because it will contain important information about the transaction. A copy of the preliminary proxy statement/prospectus filed with the SEC is available, and the registration statement and definitive proxy statement/prospectus once filed will be available, free of charge at the SEC's website (http://www.sec.gov). Copies of the proxy statement/prospectus and the filings with the SEC that will be incorporated by reference in the proxy statement/prospectus can also be obtained, without charge, by directing a request to Liberty Media Corporation, 12300 Liberty Boulevard, Englewood, Colorado 80112, Attention: Investor Relations, Telephone: (720) 875-5408.

Participants in a Solicitation

The directors and executive officers of Liberty Media and other persons may be deemed to be participants in the solicitation of proxies in respect of proposals to approve the transaction. Information regarding Liberty Media's and the split-off company's directors and executive officers and other participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be available in the proxy materials filed with the SEC.

G-SIRI




--------------------------------------------------------------------------------
Source: SIRIUS XM Radio; Liberty Media Corporation
Um abraço e bons negócios.

Artur Cintra
 
Mensagens: 3137
Registado: 17/7/2006 16:09
Localização: Cascais

por acintra » 17/2/2009 13:30

sherek_JNEG Escreveu:Para restruturar a SIRI, se calhar o melhor era mesmo a falençia, tem de renegoçiar contratos milionários com NFL, Howard Stern, Oprah, GM, Chrysler... Se pedissem o Ch. 11, podiam fazer novos contratos com novas condições, apesar de que poderia criar a debandada dos cerca de 19 milhões de utilizadores devido ao descredito de recorrer á falençia.


Mas caso decretem a falencia para depois fazerem a restruturação os titulos que temos valem 0$?Ou caso reabram com novas administração ainda valem alguma coisa?
Obrigado.[/quote]

Eu estava a falar apenas da SIRI, devido a tua questão em relação a Mel Karmazin em eventualmente pretender o Ch. 11.

Quanto a nós iamos á vida e sem €. Claro que não é isto que eu quero, nem outros investidores e inclusive credores.

O unico que pretende a falençia é Charles Ergen que tem comprado a divida de forma a provocar a falençia, visto que o Mel odeia-o e não aceitou uma proposta dele em Dezembro. ergen ia correr com o Mel da SIRI.
Um abraço e bons negócios.

Artur Cintra
 
Mensagens: 3137
Registado: 17/7/2006 16:09
Localização: Cascais

por sherek_JNEG » 17/2/2009 11:48

Para restruturar a SIRI, se calhar o melhor era mesmo a falençia, tem de renegoçiar contratos milionários com NFL, Howard Stern, Oprah, GM, Chrysler... Se pedissem o Ch. 11, podiam fazer novos contratos com novas condições, apesar de que poderia criar a debandada dos cerca de 19 milhões de utilizadores devido ao descredito de recorrer á falençia.[/quote]

Mas caso decretem a falencia para depois fazerem a restruturação os titulos que temos valem 0$?Ou caso reabram com novas administração ainda valem alguma coisa?
Obrigado.
Avatar do Utilizador
 
Mensagens: 523
Registado: 29/11/2007 13:19
Localização: Sobreda

por acintra » 17/2/2009 11:30

sherek_JNEG Escreveu:
acintra Escreveu:Parece que é mesmo a luz ao fundo do tunel...
Com tanta pressão que existe dos credores em não deixar a SIRI recorrer ao Ch. 11, em principio deve sfar-se. Antes do mercado abrir vamos saber!?

Bom dia
Não estou a ver qual é o interesse deste Karmazin querer a falencia da nossa sirius mas ao que me parece tem muita gente que não a quer ver falida ,é antes da abertura dos mercados que irão dizer alguma coisa não é?
Caso saibam mais detalhes agradeço que partilhem .
Obrigado e boa sorte que todos precisamos.


Para restruturar a SIRI, se calhar o melhor era mesmo a falençia, tem de renegoçiar contratos milionários com NFL, Howard Stern, Oprah, GM, Chrysler... Se pedissem o Ch. 11, podiam fazer novos contratos com novas condições, apesar de que poderia criar a debandada dos cerca de 19 milhões de utilizadores devido ao descredito de recorrer á falençia.
Um abraço e bons negócios.

Artur Cintra
 
Mensagens: 3137
Registado: 17/7/2006 16:09
Localização: Cascais

Pode ser....

por rasteiro » 17/2/2009 10:21

Que esta hoje nos dé alegrias, porque o resto está tudo de PÁNTANAS.

Nas descidas bruscas também se fazem bons negócios.


Abraços
 
Mensagens: 3084
Registado: 29/11/2007 12:24
Localização: Coimbra

por sherek_JNEG » 17/2/2009 10:03

[quote="acintra"]Parece que é mesmo a luz ao fundo do tunel...
Com tanta pressão que existe dos credores em não deixar a SIRI recorrer ao Ch. 11, em principio deve sfar-se. Antes do mercado abrir vamos saber!?

Bom dia
Não estou a ver qual é o interesse deste Karmazin querer a falencia da nossa sirius mas ao que me parece tem muita gente que não a quer ver falida ,é antes da abertura dos mercados que irão dizer alguma coisa não é?
Caso saibam mais detalhes agradeço que partilhem .
Obrigado e boa sorte que todos precisamos.
Avatar do Utilizador
 
Mensagens: 523
Registado: 29/11/2007 13:19
Localização: Sobreda

por acintra » 17/2/2009 8:05

Parece que é mesmo a luz ao fundo do tunel...
Com tanta pressão que existe dos credores em não deixar a SIRI recorrer ao Ch. 11, em principio deve sfar-se. Antes do mercado abrir vamos saber!?

Liberty Media Nears Sirius XM Deal: Report
02/17/09 - 12:59 AM EST

, LINTA , LCAPA , LMDIA , SIRI , DTV TSC Staff
Updated from Monday, Feb. 16 Liberty Media Corp. is close to a deal that would save Sirius XM(SIRI Quote - Cramer on SIRI - Stock Picks) from bankruptcy, according to a published media report.

First Look: Garmin NuvifoneKrakow's Best of the Best Smart PhonesFive Car Features for the Serious Driver
More on LINTA Sirius Creditors Take Aim at CEOThey Just Don't Get Sirius!Top Ten Most Searched Stocks on TheStreet.comStocks Drop Again Ahead of President's DayMarket Adrift as House Passes StimulusSirius XM: Bankruptcy Threat's RealReaders' Picks: TheStreet.com's Top 10Sirius, Ergen Narrow Differences: ReportFinal Hour Sees Stocks Rise Off of LowsCramer: Fate of Sirius XM Market Activity The DIRECTV Group Incorporated| DTV DOWNLiberty Media Corporation New- Capital Comm| LCAPA UPLiberty Media Corporation New- Interactive| LINTA UPLiberty Media was near a deal late Monday to invest in Sirius XM in return for just under half of the company, the Wall Street Journal reports, citing people familiar with the matter.
Under the proposed agreement, Liberty would invest several hundred million dollars in Sirius in two stages and eventually control about half of the company, the people said.

Both sides were still negotiating final details, the report said, citing people familiar with the matter. But Liberty Media appeared as if it would edge out media tycoon Charles Ergen for a significant stake in Sirius XM, the report added. Liberty Media and Sirius XM hoped to announce a deal before the opening of the New York stock market Tuesday, the report said.

The New York Times reports Malone is to pay about $265 million now -- which will be used to pay off the $175 million that Sirius XM owes Ergen -- as well as make a second payment of up to about $200 million in the fall to help pay off about another $400 million that Sirius will owe.

The deal also would allow Mel Karmazin, CEO of Sirius XM, to save his job, the Times reports.

It was reported by the Journal on Monday that a group of Sirius XM creditors says it is ready to try to oust Karmazin and other top executives if the troubled satellite radio company files for bankruptcy protection.

Liberty Media controls DirecTV(DTV Quote - Cramer on DTV - Stock Picks), the nation's leading satellite-TV operator.

Sirius XM shares closed Friday up 3 cents at 10 cents. U.S. stock markets were closed Monday in observance of Presidents' Day.

Liberty Media has three tracking stocks: Liberty Interactive(LINTA Quote - Cramer on LINTA - Stock Picks), Liberty Capital(LCAPA Quote - Cramer on LCAPA - Stock Picks) and Liberty Entertainment(LMDIA Quote - Cramer on LMDIA - Stock Picks).
Um abraço e bons negócios.

Artur Cintra
 
Mensagens: 3137
Registado: 17/7/2006 16:09
Localização: Cascais

Re: continuo na minha..........

por rasteiro » 13/2/2009 19:26

Entrei ontem a 0.07, e já sai hoje a 0.11.
tenho lá outra ordem a 0.09, e á cerca de 1 hora atrás, foi a 0.920, foi por pouco.
mas eu cá a espero.

Abraços

sherek_JNEG Escreveu:
rasteiro Escreveu:Que ainda vai dar muitas alegrias ao pessoal.

Que grande agitação hoje nesta acção!


Abraços


Então já voltastes a entrar ?A que valores pode-se saber?
Abraços
 
Mensagens: 3084
Registado: 29/11/2007 12:24
Localização: Coimbra

Re: continuo na minha..........

por sherek_JNEG » 13/2/2009 18:21

rasteiro Escreveu:Que ainda vai dar muitas alegrias ao pessoal.

Que grande agitação hoje nesta acção!


Abraços


Então já voltastes a entrar ?A que valores pode-se saber?
Abraços
Avatar do Utilizador
 
Mensagens: 523
Registado: 29/11/2007 13:19
Localização: Sobreda

continuo na minha..........

por rasteiro » 13/2/2009 17:59

Que ainda vai dar muitas alegrias ao pessoal.

Que grande agitação hoje nesta acção!


Abraços
 
Mensagens: 3084
Registado: 29/11/2007 12:24
Localização: Coimbra

por acintra » 13/2/2009 17:02

Uma luz ao fundo do tunel? Pode ser que sim, mas tb pode ser um combo a vir! :mrgreen:
Continuo com a minha aposta.

XM Satellite exchanged $172.5 mln in senior notes

By Sue Chang
Last update: 10:53 a.m. EST Feb. 13, 2009Comments: 1
SAN FRANCISCO (MarketWatch) -- Sirius Xm Radio (SIRI:sirius xm radio inc com
News , chart , profile , more
Last: 0.10+0.03+39.19%

11:00am 02/13/2009

Delayed quote dataAdd to portfolio
Analyst
Create alert Insider
Discuss
Financials
Sponsored by:
SIRI 0.10, +0.03, +39.2%) said Friday its wholly-owned subsidiary XM Satellite Radio Holdings had exchanged about $172.5 million aggregate principal amount of its outstanding 10% Convertible Senior Notes due December 2009 for a like amount of newly issued Senior Secured Notes due 2011. A total of $400 million in principal amount of the 10% Convertible Senior Notes due December 2009 was outstanding prior to this deal. The new Senior Secured Notes will mature on June 1, 2011.
Um abraço e bons negócios.

Artur Cintra
 
Mensagens: 3137
Registado: 17/7/2006 16:09
Localização: Cascais

por acintra » 13/2/2009 15:42

Liberty talks with Sirius do not involve takeover-source

Fri Feb 13, 2009 9:17am NEW YORK, Feb 13

Reuters) - Liberty Media Corp (LINTA.O) is in talks with Sirius XM Radio Inc (SIRI.O) to invest in the satellite radio company's capital structure, but the talks do not involve a takeover of the company, a source familiar with the talks said on Friday.

The talks between the two companies are friendly and do not include an equity stake, the source said.

Another person familiar with the talks said both EchoStar Corp (SATS.O) and Liberty Media continue intense talks with Sirius XM.

The discussions with EchoStar are more of a hostile nature while Liberty's talks are co-operative with Sirius management, but a winning party remains uncertain, the people said.

Sirius XM's talks with Liberty are seen as a last-ditch attempt by Sirius chief Mel Karmazin to stave off a takeover bid by Charles Ergen's EchoStar, which holds $175 million in Sirius convertible bonds due on Feb 17.

Industry experts have said a Sirius bankruptcy is likely if the company does not cut a deal with either party. (Reporting by Jui Chakravorty Das; Editing by Derek Caney)
Um abraço e bons negócios.

Artur Cintra
 
Mensagens: 3137
Registado: 17/7/2006 16:09
Localização: Cascais

por acintra » 13/2/2009 9:28

Karmazin Seeks Sirius Salvation With Ergen-Malone ‘Cage Match’

By Serena Saitto and James Callan

Feb. 13 (Bloomberg) -- Mel Karmazin, chief executive of Sirius XM Radio Inc., is pitting two media billionaires in a “cage match” to save the satellite-radio company he formed almost seven months ago.

Karmazin is in talks with John Malone’s Liberty Media Corp. and DirecTV Group Inc., the satellite-television company it controls, about a possible transaction, according to people familiar with the situation, who declined to be identified. A deal may help avert a takeover by Charles Ergen’s EchoStar Corp., which holds $175 million in bonds due Feb. 17.

“John Malone and Charlie Ergen would both be absolutely satisfied to put down the other in a public way,” Bishop Cheen, a bond analyst at Wachovia Securities in Charlotte, North Carolina, said in an interview. “They’re natural cage-match contestants. This is media theater at its best.”

Malone and Ergen, both based in Englewood, Colorado, control the largest and second-largest satellite-TV broadcasters respectively and could use Sirius XM’s capacity to integrate radio and TV services, according to Fred Moran, an analyst at Stanford Group. Over the decades, the two men have competed for customers and over acquisitions. In 2003, Ergen, 55, abandoned a bid on DirecTV’s then-parent company, Hughes Electronics Corp.

EchoStar has been buying some of New York-based Sirius XM’s debt after Karmazin turned down its unsolicited bid for the company, a person familiar with the plan said Feb. 10.

‘Cunning Negotiators’

“These are three of the most cunning negotiators on the planet,” said Chris Marangi, an analyst for Rye, New York-based Gabelli & Co., whose affiliate Gamco Investors Inc. owns Liberty and EchoStar shares. “It’s logical for Karmazin to pick up the phone and call Malone. There are very few people in the world who know the value of the subscriber business and the spectrum and can come up with the financial engineering to pull it all off.”

A deal with Malone, 67, or Ergen may prevent Sirius XM from seeking bankruptcy protection. The broadcaster has been working with lawyers to prepare a possible filing, the New York Times said Feb. 10, citing unidentified people close to the company.

Karmazin, 65, completed the merger of Sirius and XM, the only two U.S. pay-radio providers, in July, after the credit- market crisis took hold. Sirius XM has about $3.25 billion in total debt. The stock has traded for less than $1 a share since September as investors became concerned that Karmazin wouldn’t be able to manage the debt or meet growth projections.

Patrick Reilly, a spokesman for Sirius XM, declined to comment, as did Marc Lumpkin, a spokesman for EchoStar. Robert Mercer, a spokesman for El Segundo, California-based DirecTV, said the company doesn’t comment on speculation.

Calls to Ergen’s and Malone’s offices weren’t returned.

EchoStar Dispute

Karmazin, who was president of Viacom Inc. until June 2004, has feuded with Ergen too. Viacom was at the time the owner of the CBS broadcast-TV network, since spun off.

Ergen, who founded EchoStar in 1980, sued Viacom in January 2004, claiming it was breaking antitrust laws by demanding that EchoStar carry less-popular cable networks to continue running the signals of the CBS stations.

During the dispute, resolved later that year, Viacom kept its channels off the Dish network for two days and callers to EchoStar were greeted with a recording that divulged Karmazin’s home telephone number, Mediaweek reported on Oct. 11, 2004.

Sirius XM rose 2 cents to 7 cents in Nasdaq Stock Market trading yesterday. EchoStar, down 57 percent in the past year, rose 6 cents to $15.21. DirecTV gained 54 cents to $23.48 and has declined 1.7 percent in the past year.

EchoStar, a satellite-equipment company, was separated from Dish Network Corp., the television service also controlled by Ergen, at the beginning of last year.

Ergen ranked 35th in Forbes’s list of the 400 wealthiest Americans with an estimated fortune of $8.1 billion last year. Malone’s net worth was $2.3 billion in 2008, according to Forbes.

Malone’s DirecTV

Malone gained control of DirecTV last year after buying out News Corp.’s stake. Rupert Murdoch’s News Corp. had bought the stake in 2003, after Ergen dropped his bid on DirecTV’s parent company because he couldn’t get regulatory approval.

Dish Network had 13.8 million customers as of Sept. 30, trailing DirecTV’s 17.3 million. Sirius XM, which lured customers with programs including talk-show host Howard Stern and the National Football League, has more than 18.9 million subscribers.

“All of these companies are satellite-delivered media,” said Stanford Group analyst Moran, who is based in Boca Raton, Florida. “If you can cross-market, cross-promote and intertwine services between satellite video and satellite audio, you could strengthen your competitive position.”

UBS AG, Switzerland’s largest investment bank, is advising DirecTV on its talks with Sirius, according to people familiar with the matter. Douglas Morris, UBS spokesman in New York, declined to comment.

Roger Altman, CEO of investment bank Evercore Partners Inc., confirmed on a conference call last week that his firm is working with Sirius XM. He wouldn’t say whether the work involves mergers and acquisitions or restructuring.

To contact the reporter on this story: Serena Saitto in New York at ssaitto@bloomberg.net. James Callan in New York at jcallan2@bloomberg.net.
Um abraço e bons negócios.

Artur Cintra
 
Mensagens: 3137
Registado: 17/7/2006 16:09
Localização: Cascais

por Crómio » 12/2/2009 21:36

:shock: :shock:
There are two kinds of investors: those who don't know where the market is headed, and those who don't know that they don't know.

William Bernstein
Avatar do Utilizador
 
Mensagens: 2745
Registado: 2/11/2007 16:52

Está bonito...............

por rasteiro » 12/2/2009 21:31

Ora aqui está uma acção para ganhar uns trocados.
Quem continuar a acreditar na acção como eu, não tenha medo.
Não consegui entrar ontem por causa das milésimas, mas hoje não a vou deixar fugir.


Abraços
 
Mensagens: 3084
Registado: 29/11/2007 12:24
Localização: Coimbra

Karmazin, Ergen, and Malone Fight Over Sirius Carcass

por acintra » 12/2/2009 18:19

Isto está muito confuso e começam a aparecer outros interessados, até porque a falençia, pelos vistos, só interessa a SIRI. Penso que alguem vai ter de se chegar á frente...

February 12, 2009: 06:07 AM ET

(alleyinsider.com) -- Echostar mogul Charlie Ergen bought $175 million of Sirius bonds so he could force Sirius's Mel Karmazin to hand over the company when it came time (now) for Sirius to refinance the debt. The bonds Charlie bought, however, are subordinated, which means that, if Sirius files for bankruptcy, Charlie gets nothing.

Meanwhile, Sirius boss Mel Karmazin, who hates Charlie, has run to John Malone at Liberty for help. John Malone's no fool, though, so he's holding Mel's head under the water while Mel's cash runs out, hoping that the oxygen deprivation will soon force him to cut a super-sweet deal.

Charlie Ergen's bet is that Mel will get his pants sued off if he rejects an Echostar takeover because of a personal feud. Mel, meanwhile, is doing his best to show both Malone and Ergen that he's happy to throw the company into bankruptcy just to wipe out Ergen.

Stay tuned...

Matthew Karnitschnig, WSJ: Mr. Ergen, who controls a satellite empire around EchoStar Corp. and Dish, quietly began amassing Sirius debt in the fall. He is now using that debt, including about $175 million in bonds that mature on Feb. 17, as leverage to try to force Sirius into a deal. Sirius, which carries a total debt load of about $3.25 billion, is nearly out of cash and will likely be forced into bankruptcy proceedings or a deal with Mr. Ergen if the company can't secure funds to repay its obligations by Tuesday.

Mr. Ergen has offered to inject about $500 million into Sirius and restructure the roughly $375 million in short-term debt he holds in return for control of the company. Sirius rejected the offer.

The gamesmanship between Sirius and Mr. Ergen has escalated over the past week. Sirius had been trying to convert the $175 million debt tranche that matures Tuesday into more senior debt and equity with the previous holder of the notes, a hedge fund. Before it could secure a deal, however, Mr. Ergen swooped in last week and acquired the bonds.

It was a high-risk move because the notes in question are junior to about $600 million in bank loans and other debt Sirius has issued, and will likely be worthless if the company goes bankrupt.

This week, Sirius representatives responded to Mr. Ergen's move by spreading word that the company was preparing to file for bankruptcy and had hired bankruptcy and restructuring advisers. Company officials also privately told investors that Sirius has entered a "zone of insolvency" and that a bankruptcy filing would be preferable to cutting a deal with Mr. Ergen, according to people who participated in the discussions.

And, of course, Mel rushed to see John Malone.
Um abraço e bons negócios.

Artur Cintra
 
Mensagens: 3137
Registado: 17/7/2006 16:09
Localização: Cascais

por corvo47 » 11/2/2009 22:50

Gostaria de saber o que vos leva a entrar numa acção que desce há quatro anos , pelo menos.
Não quer dizer que não suba 100 ou 200%, durante o próximo ano(se ainda existir).

Acho é que o risco é demasiado elevado e sem qualquer fundamento técnico.

Aqui fica o gráfico,que até assustaria o meu "rafeiro alentejano".:wink:

Um abraço.
Anexos
siri.png
siri.png (23.5 KiB) Visualizado 8666 vezes
Nunca te é dado um desejo sem também te ser dado o poder de o realizares.Contudo,poderás ter de lutar por isso. Richard Bach "in" Ilusões.
Avatar do Utilizador
 
Mensagens: 710
Registado: 14/3/2008 22:39
Localização: Terra Media

não consegui...........

por rasteiro » 11/2/2009 22:22

entrar a 0.05.
se desse para dar ordens á milesima tinha alterado a minha ordem para os 0.055, mas não é possivel dai fiquei em branco.

abraços
 
Mensagens: 3084
Registado: 29/11/2007 12:24
Localização: Coimbra

até agora nada....

por rasteiro » 11/2/2009 18:43

o minimo que atingiu, foi 0.525.
tenho ordem de compra a 0.05.
Penso que isto não está para brincadeiras, e eu ter lá as minhas ordens, é por eu ter ganho uma boa fatia com as outras, e estou a apostar 50% do lucro que tive nas outras, dai não estar muito preocupado.
Para quem esteja a perder, muita prudêndia.

Abraços


sherek_JNEG Escreveu:
rasteiro Escreveu:tenho duas ordens.
Uma a 0.04 e outra a 0.05.
Mas pareçe que a pré abertura já vai nos 0.07.
Ainda faltem 45m. para a abertura, por isso até lá ainda pode variar muito.

Abraços


sherek_JNEG Escreveu:
rasteiro Escreveu:a unica noticia recente que saiu á cerca da Sirius é a que o CORVO47, mencionou.

Por isso vamos esperar para ver.
Mas que a abertura pareçe RUIM, ai isso pareçe.
A minha ordem já lá está.
PURA ESPECULAÇÃO.
Se der para o bem, OK, se não der, cara alegre.

Abraços



Já agora podemos saber a que valores pretendes fazeres compras,visto que já tens lá a orden...



Entao já cairam as tuas?
 
Mensagens: 3084
Registado: 29/11/2007 12:24
Localização: Coimbra

Re: Vamos esperar com calma

por sherek_JNEG » 11/2/2009 18:26

rasteiro Escreveu:tenho duas ordens.
Uma a 0.04 e outra a 0.05.
Mas pareçe que a pré abertura já vai nos 0.07.
Ainda faltem 45m. para a abertura, por isso até lá ainda pode variar muito.

Abraços


sherek_JNEG Escreveu:
rasteiro Escreveu:a unica noticia recente que saiu á cerca da Sirius é a que o CORVO47, mencionou.

Por isso vamos esperar para ver.
Mas que a abertura pareçe RUIM, ai isso pareçe.
A minha ordem já lá está.
PURA ESPECULAÇÃO.
Se der para o bem, OK, se não der, cara alegre.

Abraços



Já agora podemos saber a que valores pretendes fazeres compras,visto que já tens lá a orden...



Entao já cairam as tuas?
Avatar do Utilizador
 
Mensagens: 523
Registado: 29/11/2007 13:19
Localização: Sobreda

Re: Vamos esperar com calma

por rasteiro » 11/2/2009 14:46

tenho duas ordens.
Uma a 0.04 e outra a 0.05.
Mas pareçe que a pré abertura já vai nos 0.07.
Ainda faltem 45m. para a abertura, por isso até lá ainda pode variar muito.

Abraços


sherek_JNEG Escreveu:
rasteiro Escreveu:a unica noticia recente que saiu á cerca da Sirius é a que o CORVO47, mencionou.

Por isso vamos esperar para ver.
Mas que a abertura pareçe RUIM, ai isso pareçe.
A minha ordem já lá está.
PURA ESPECULAÇÃO.
Se der para o bem, OK, se não der, cara alegre.

Abraços



Já agora podemos saber a que valores pretendes fazeres compras,visto que já tens lá a orden...
 
Mensagens: 3084
Registado: 29/11/2007 12:24
Localização: Coimbra

AnteriorPróximo

Quem está ligado:
Utilizadores a ver este Fórum: Bing [Bot], caganixo7, PMP69 e 120 visitantes
cron