Richard King
01-07-04, 08:05 AM
http://www.skyreport.com/#Story2
There's speculation that Sirius may take in another investor, yet those rumors didn't help the stock, which closed down 4 percent to $3.36 in trading Tuesday.
Among the talked-about companies are Clear Channel Communications, the radio giant that already has a stake in Sirius competitor XM Satellite Radio. The other strategic investor suggestion is every rumor-monger's favorite: EchoStar.
EchoStar declined to comment on the speculation. Sirius couldn't be reached for comment.
Kit Spring, analyst with Stifel Nicolaus, told CNN/Money Online that EchoStar's interest in Sirius could be a good bet. "EchoStar rumors have been out there in the past, and that would make more sense," Spring said.
There's speculation that Sirius may take in another investor, yet those rumors didn't help the stock, which closed down 4 percent to $3.36 in trading Tuesday.
Among the talked-about companies are Clear Channel Communications, the radio giant that already has a stake in Sirius competitor XM Satellite Radio. The other strategic investor suggestion is every rumor-monger's favorite: EchoStar.
EchoStar declined to comment on the speculation. Sirius couldn't be reached for comment.
Kit Spring, analyst with Stifel Nicolaus, told CNN/Money Online that EchoStar's interest in Sirius could be a good bet. "EchoStar rumors have been out there in the past, and that would make more sense," Spring said.