Serius and XM in big trouble
 

Shares for Serius and XM have fallen more than 90%, to just 17 CENTS a share. And being that both Serius and XM rely a lot on new cars sales from the Big 3 that offer both services, the dramatic slump in car sales hits them too.

http://money.cnn.com/2008/11/19/mark...ion=2008111913

Are you Serius!!??!? Couldn't resist... :mrgreen:

But only people directly working for the Big 3 are gunna be hurt I thoughts?

holy ****.

XM is also in Acura/Hondas and I want to say BMW?
Sirius is in a few Korean brands. I dont think Toyota has a sat. radio option.

Sirius is in Ford too.

what does that mean for those of us that paid for 3+ years

If they go BK, you are effed. Sorry. Unsecured debtors get to the back of the line.

Audi too

Sirius is in Toyotas. Was offered in my XB.

If they go down, wtf happens to all their satellites?

Let's see, the satellites will become space debris just like the majority of other used satellites that weren't sunk in the ocean.

Thank you Mr sarcasm. I meant like will another company be able to buy em up and start another satellite radio or keep XM alive?

I'm not sure if they own the satellites or if they lease them from the government. If they own them and they go under, they'll become property of the bank and sold off. If they're leased out, then the gov will put them up for re-lease.

They go to West Coast Customs to be pimped out.

I belive XM and Sirius own the sats.
I wonder what happens to all the XM-SatNav links that are in so many luxury cars now? GM and Honda both have XM traffic that can work with thier sat nav units in the cars to help divert the vehicle around traffic.

If it's tied into an XM/Serius broadcast, it'll go off the air.

Well, I guess thats a big duh.

they better not go down! they just became one and i am so close to getting all the awesome channels, just waiting on a new radio cause the one i have is a pos.

I was one click away from buying an in-car Sirius unit for my truck when I was told about this a few days ago.

I'll be pissed if they go down. I can't drive long distances without my Sirius.

never saw the point or had the need for this.... esp since the IPOD was invented lol

with iPod you have to download all the songs, and think about what you want to hear.. with satellite, no illegal downloading or paying for songs, and no worrying about the songs that you like but keep forgetting to download

yeah, me too. glad i never splurged for the 3 years though.. i only buy a year at a time

never used either of them. i cant understand this paying for radio stuff

yeah, at this point i regret that more than wayfast regrets a 12 minute blowski

BWAHAHAHAHAHAH


thanks for making me laugh otu loud in the silence of my house at 3 am