John Paczkowski

Recent Posts by John Paczkowski

Sirius XM: Back From the Brink

February has been a great month for Sirius XM Radio. Last week, its shares rose above $1, the first time they’ve crossed that threshold since September 2008. And now the company has posted its first quarterly profit since its controversial merger.

Reporting fourth-quarter earnings this morning, the satellite-radio provider, which was teetering on the edge of bankruptcy last year, posted a profit of $14.2 million–less than a penny a share–compared with a year-earlier loss of $245.8 million, or eight cents. Revenue for the quarter rose 8.7 percent to $676.2 million.

An impressive showing, considering analysts polled by Thomson Reuters had expected a two-cent loss on revenue of $664 million.

Sirius (SIRI) added 257,028 subscribers during the quarter, bringing its total to 18.8 million. The company expects to add another 500,000 in 2010.


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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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work