Hi, Guest
02-12-2009, 12:17 PM
meford4u,Feb 11 2009, 10:00 PM Wrote:News reports are saying XM/Sirius is 1 Billion in debt and seeking bankrupcy protection. New car sales slumping has reduced new customers and old customers are flocking away as Sat. radio is only an extra cost.
http://finance.yahoo.com/news/EchoStar-ama...b-14259026.html
Stocks were at 11 cents today.
I wouldn't be renewing my contrct for their services for an entire year. Go monthly or even qurterly so you don't get burned if they do go under.
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Agreed in terms of paying up front for a long-term deal ... but reading the underlying articles it appears this is more about Ergen gaining control of the assets without having to buy out the current shareholders - - as opposed to the service itself actually ceasing to exist.
Either way no doubt there's a big shakeup coming in sat radio.
2008 Fusion SEL MTX - DD1 * 2009 Fusion SEL - DD2 * 2007 Focus ZXW - R*I*P * 2004 Focus ZTW CD Silver - sold * 2004 Focus ZTW Black - sold * 2003 Focus ZTW Black - sold * 2001 Focus ZTW Gold - sold * 2000 Focus SE Wagon (ZTW option) - Black - sold * 2000 Focus SE Wagon (ZTW option) - Gold R*I*P
2003 Focus ZX5 infra-red Track Rat - R*I*P
2003 ZX5 CD Silver Track Rat - retired, but still in the driveway
New track rat: 2000 ZX3, Atlantic Blue * JRSC with lots more to come
* New Zetec crate motor - NFG - thanks Topspeed *
2003 Focus ZX5 infra-red Track Rat - R*I*P
2003 ZX5 CD Silver Track Rat - retired, but still in the driveway
New track rat: 2000 ZX3, Atlantic Blue * JRSC with lots more to come
* New Zetec crate motor - NFG - thanks Topspeed *