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1 pt

Sirius XM -- time to reconsider?

 Aug 14, 2008 03:20 PM UTC
Return Risk
-35.20% HIGH
Tracked Blogger
Symbol Sentiment Start Return Closed
SIRI n/a
AAPL n/a

Graphic_arrow1 Via BloggingStocks:  

Filed under: Analyst reports, Consumer experience, Apple Inc (AAPL), Sirius Satellite Radio (SIRI), iPhone

Bloomberg reports that CEO Karmazin said Sirius XM Radio Inc. (NASDAQ: SIRI) will eliminate executive positions to cut costs. No doubt, after the only two U.S. satellite radio companies merged, there are some redundancies. He also said the company could report $300 million in earnings next year excluding some items.

What's more, Sirius XM will introduce new products. Perhaps these will include what the blogosphere is buzzing about today -- a new Internet application that would stream Sirius XM to portable devices, namely the Apple Inc. (NASDAQ: AAPL) iPhone, as noted by Citigroup's Tony Wible.

Apple's iPod and iPhone products, as well as other digital music players, have been named as competitors to satellite radio by Karmazin himself. If these reports are true, ...




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