Truck Driving Jobs

Sheepdancer · #1 02-19-2007, 02:46 PM

JUST KIDDING!!!
Finally it looks like we will be able to put an end to this silly debate.
Merger plans are going to be announced today!
http://www.nypost.com/seven/02192007...ter_lauria.htm

Sheepdancer · #2 02-19-2007, 02:50 PM

I forgot to mention the downside of this. Without the competition with each other, the price will go up big time.

Rev.Vassago · #3 02-19-2007, 02:51 PM

Quote:

Originally Posted by Sheepdancer

JUST KIDDING!!!
Finally it looks like we will be able to put an end to this silly debate.
Merger plans are going to be announced today!
http://www.nypost.com/seven/02192007...ter_lauria.htm

I'll believe it when I see it. I've heard that this NY Post story is not based in reality, and every other article out there about it is merely commentary and speculation.

Besides - a merger doesn't necessarily mean they will merge the programming. It is entirely possible that a single company will offer two different services, and simply combine resources and technology.

Sheepdancer · #4 02-19-2007, 03:29 PM

I agree that the story is just speculation. But I know for a fact that XM and Sirius are in talks for a merger. Whether or not the feds approve this merger is something else.
And I disagree with you about merging programming. Of course they would merge programming. They are trying to combine two failing companies and make a profitable one. Merging without combining programming and not charging more for the service, would just create 1 company with two divisions that are both failing.

Mr. Ford95 · #5 02-19-2007, 03:32 PM

I have heard that's a load of bull. The FCC had them agree to some terms that say one is not allowed to buyout the other or merge with one another.

I won't believe a thing that comes out of the NY Post, they like to run with stories that have nothing to go on for truth. If they were a TV show, they would be getting tons of ratings by the stories they throw out.

Sheepdancer · #6 02-19-2007, 04:14 PM

Watch the news, watch the stock and you can tell me I was right at another date.
XM stock is up 7.7% today. Good thing I bought last Friday. Hmmmm, I wonder why i would have bought stock in a failing company? :shock:

Rev.Vassago · #7 02-19-2007, 06:21 PM

Quote:

Originally Posted by Sheepdancer

I agree that the story is just speculation. But I know for a fact that XM and Sirius are in talks for a merger. Whether or not the feds approve this merger is something else.
And I disagree with you about merging programming. Of course they would merge programming. They are trying to combine two failing companies and make a profitable one. Merging without combining programming and not charging more for the service, would just create 1 company with two divisions that are both failing.

The programming isn't what is hurting them. It's the technology, and the means of delivering the technology. You have two companies on completely different networks (by networks, I am referring to the hardware). By merging those networks, they can lessen their costs dramatically. I think, in fact, that it would be a poor decision to merge the programming. Selling two products would reap more benefits to them than selling one. Sure, there could be some crossover programming (XM and Sirius carry some of the same talk and news channels, and a merger would save them money in that aspect), but if they ditch some XM programming for Sirius programming, then some who are loyal to XM are going to be upset, and vice versa.

Buying XM stock would be a wise decision right now. Generally, the stock of the company being taken over will rise, while the stock of the company doing the takeover will be flat, or fall. Both companies saw gains on this "news", but XM stock increased by a higher percentage than Sirius, which leads me to believe, if the story is true, that XM will be bought out by Sirius.

Mr. Ford95 · #8 02-19-2007, 06:28 PM

Sheep, I heard this yesterday and they said that stock was up 7.7% for XM on news of a merger but then the FCC said it would never happen and the stock was already dropping to the negative side. Guess we will have to wait and see but I will still never believe what comes out of the Post. Yahoo is apparently not reporting on this or someone forgot to tell them.

Mr. Ford95 · #9 02-19-2007, 06:43 PM

Here is what I found Sheep:

Quote:

A clause in the Federal Communications Commission ruling granting licenses to the satellite radio operators says that one company cannot own the other one, but the FCC would have the power to change the rule if it chose to. Any deal would also have to pass an antitrust review at the Department of Justice.

The FCC really isn't too keen on this whole merger.

Sheepdancer · #10 02-19-2007, 07:27 PM

The merger announcement is now on Xms website.

Also, most wallstreet analysts I have read today say they see the FCC giving this approval. I realize that when dealing with the gov, you never know what will happen. Personally, I think it will end up going through. And personally, I hope it does...Im already paying for both. Im happy to pay a little more for both of them combined.

Also like I said, they will be combining programing under a new company name.