20 Comments

Summary:

Satellite TV provider Echostar (NSDQ: SATS) Corp. has been quietly buying up portions of Sirius Satellite Radio

Satellite TV provider Echostar (NSDQ: SATS) Corp. has been quietly buying up portions of Sirius Satellite Radio

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  1. Ron Mwangaguhunga Friday, February 6, 2009

    A very sound move. In this economic environment where Mel Karmazin spent much of the last few years cementing automotive deals for satellite radio and arranging the merger, Sirius doesn't look so hot.

  2. Maggie Schroeder Friday, February 6, 2009

    What is going to happen to the stockholders ???

  3. Nicholas Vivona Friday, February 6, 2009

    Do you really think that the big institutional holders, such as Apollo Management, are going to just sit by and watch thier entire investment get wiped out? This is not just about the individual shareholders, this is about the big boys, which included Bank of America, JPMorgan Chase, Vanguard, Oppenheimer….so dont be so quick to believe that Charlie Ergen can just watlz in, pick up Sirius debt for pennies on the dollar, and walk away with billions of dollars in value, which is the actual satellites up in the sky.

  4. Our government would never let Echostar own the SIRIUS XM bandwidth. They would make sure of that. The FCC would never allow it. The subscribers would all bail on Echostar.

    I feel this is more of a partnership or some kind of deal….always the negative spin. All the information is not here yet, but there is enough to know it's not a forced bankruptcy or ownership.

  5. Kinda like Vegas on the roulette table….which color do you bet? Very stressful!
    Bankruptcy(black), Good investment(Red)

  6. nicholas has it on point….
    this article (as the first one) is all full of unsubstantiated speculation.
    don't they require any common sense to be a reporter or unnamed source? I guess not.

  7. Siriusly Long Friday, February 6, 2009

    LOOOOOOOOOONG

  8. I still feel our goose is cooked. Sad the FCC and Clear channel are still haunting Sirius.

  9. has their trades been suspended?

  10. new investor.. Friday, February 6, 2009

    im a new investor, and recently bought sirius stock when it was at 12 cents, whats goin to my happen to my stock if sirius goes in to bankruptcy and Echostar buys them?!? does that stock turn in to echostar stock, or would i just be given what ever the current market value was for the stock at the time of the bankruptcy? or is it some thing completely different? any help would be greatly appreciated. thanks…

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