Archive for November, 2004

XM Satellite Radio Can Go Along on Your Walk

City dwellers may be forgiven for wondering what all the fuss over satellite radio is about. The services seem like they were meant for suburbanites who spend hours in their cars every day.
But now anyone can enjoy XM Satellite Radio while out walking around. Together with Delphi, XM has introduced a portable receiver, the MyFi, […]

Tuesday, November 30th, 2004

XM Satellite Radio upgraded to “buy” - update

Analyst David B Kestenbaum of Independent Research Group upgrades XM Satellite Radio (XMSR.NAS) from “neutral” to “buy.” The target price is set to $40.
In a research note published this morning, the analyst mentions that the company is currently adding new subscribers at a robust pace. Independent Research Group considers the current valuation of XM Satellite […]

Tuesday, November 30th, 2004

Sirius Satellite Radio “buy,” target price raised

Analyst David B Kestenbaum of IRG Research maintains his “buy” rating on Sirius Satellite Radio (SIRI.NAS), while reducing his estimates for the company. The target price has been raised from $4.50 to $6.75.
In a research note published this morning, the analyst mentions that the upward revision in the target price is on account of the […]

Tuesday, November 30th, 2004

800,000th Sirius Satellite Radio Subscriber

Sirius Satellite Radio today announced that it has surpassed 800,000 subscribers, and remains on track to achieve one million subscribers by the end of the year.
Sirius passed the 800,000 mark on November 22, and is well-positioned going into the busy holiday selling season. During this period, Sirius will have multiple portable “Plug & Play” products […]

Tuesday, November 30th, 2004

Schaeffer’s Option Bytes Features Sirius Satellite Radio

In yesterday’s trading, Sirius Satellite Radio (NASDAQ: SIRI) saw heavy option volume in both its puts and calls. On the call side, there were 104,810 contracts traded, which is 5.9 times greater than the average daily call volume. 34,416 contracts traded on the put side, which is 8.6 times the average daily put volume. After […]

Tuesday, November 30th, 2004

Sirius Satellite Radio downgraded to “neutral”

NEW YORK, November 24 (newratings.com) - Analyst Barton Crockett of JP Morgan downgrades Sirius Satellite Radio (SIRI.NAS) from “overweight” to “neutral.”
In a research note published this morning, the analyst mentions that the downgrade in rating is based on valuation. The company’s share price has appreciated 122% since September 30, as compared to a 3% increase […]

Tuesday, November 30th, 2004

SIRIUS Satellite Radio Passes 800,000 Subscriber Mark

SIRIUS (Nasdaq: SIRI), the
premium satellite radio provider known for delivering the most compelling
commercial-free music and sports programming to cars and homes across the
country, today announced that it has surpassed 800,000 subscribers, and
remains on track to achieve one million subscribers by the end of the year.
(Logo: http://www.newscom.com/cgi-bin/prnh/19991118/NYTH125 )
[…]

Tuesday, November 30th, 2004

Satellite radio’s growth potential is wowing the stockmarket

EXECUTIVES at America’s giant media firms may have envied Mel Karmazin, formerly chief operating officer of Viacom, as he joined an upstart satellite-radio outfit called Sirius last week. “I wanted to be CEO of a company that was a growth company,” he declared, adding that this meant no big media firms. The much-admired Mr Karmazin […]

Tuesday, November 30th, 2004

Satellite Radio May Not Escape FCC Restrictions

With envelope-pushing air talent like Howard Stern and Opie & Anthony flocking to the less-restricted refuge of satellite radio, could the Federal Communications Commission be far behind?
Specifically, could the FCC enforce its indecency rules — which Stern claims drove him away from terrestrial radio — on satellite radio too?
That’s exactly what Saul Levine is hoping […]

Tuesday, November 30th, 2004

Rival to MP3 gadgets

Just as the iPod and other portable devices that hold songs copied from CDs or downloaded from the Web begin to evolve with new functions such as photo storage, along comes a gadget that plays and records material from satellite radio.
XM Satellite Radio Holdings recently unveiled its wearable Delphi XM MyFi to differentiate itself from […]

Saturday, November 27th, 2004

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