John Paczkowski

Recent Posts by John Paczkowski

Sirius Debt Problems? Call EchoStar! No Upfront Fees!

A quick update on Thursday’s Sirius/EchoStar story. People familiar with the matter tell The Wall Street Journal that the portion of Sirius XM Satellite Radio’s (SIRI) maturing debt that EchoStar (SATS) has purchased is a sizable one. It holds most of the $175 million tranche of debt that matures on Feb. 17 and more than half of a $400 million tranche coming due in December. Grand total: around $400 million.

Just why EchoStar is amassing this debt is unclear. It may be looking to take control of the company outright to gain its physical assets–satellite and terrestrial repeaters (towers that bolster reception of satellite signals). Or it could be setting the stage for some sort of alliance under which it would use those assets to help build a network for delivering mobile video in cars and consumer devices. A partnership is certainly a possibility. As a commenter on yesterday’s post noted, the companies may have an intermediary in former Sirius CEO Joseph Clayton, who sits on EchoStar’s board. Said Janco Partner analyst April Horace, “There clearly is a relationship and some triangularity between Sirius and Dish and EchoStar, taking into consideration that Joe Clayton now sits on the board of EchoStar. Joe knows Sirius like the back of his hand.”

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik