Sirius XM Radio Inc. is planning to stream its subscription radio service to the iPhone and iPod Touch devices from Apple Inc. beginning this spring.
Sirius now has 19 million subscribers, up 10 percent from a year earlier. Sirius also sees opportunities to bundle its satellite radio service with TV packages from DirecTV Group Inc. DirecTV’s controlling shareholder is Liberty Media Corp., which rescued Sirius from a debt bind last month with a $530 million investment. Karmazin said he has met with DirecTV CEO Chase Carey and Liberty CEO Greg Maffei over the past few days.
Today Sirius XM showed up on Google finance listed as the biggest percentage gainer. The last few days, even when the percent up was enough to be included in the list, Sirius XM was “blacked out”. The short interest on (SIRI) is 170,953,200! Now that is massive.
I also found this little tidbit of news out there which was quite interesting.
“A new contract has been signed between International Launch Services (ILS) and SIRIUS Satellite Radio (SIRI) that will result in the launch of two SIRIUS satellites via a Proton Breeze M vehicle. The SIRIUS FM-6 satellite to be launched is under construction at Space Systems/Loral. The anticipated launch date is during Q2 of 2010. The launch date for the second SIRIUS satellite has not yet been announced. The Proton booster and the Breeze M upper stage are built by Khrunichev Space Center of Moscow, an ILS partner, and the launch vehicle and Sirius payload will head skywards from the Baikonur cosmodrome in Kazakhstan” Read here at Satwaves.com
I have a feeling something is cooking at Sirius XM and tomorrow could be a very interesting day. Watch the volume closely with the price action. In after hours action (SIRI) traded up 7% on good volume.
Let me close by saying we are hearing (rumors) floating around that there could be some serious buyers of Sirius XM and the top candidate is Echostar. Once again it is just a rumor but I have heard it more than once from what I call credible sources.
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Very good article, this could get very interesting! I just entered my email for a free SIRI analysis…lol… Can’t wait to read what it says! Good night and happy St Patrick’s Day!
Same to you. I think you will like the free analysis, they do a good job with it. Enter a portfolio of assorted stocks also and get free updates on all your stocks. Have a good night.