Chris Blount
11-24-04, 05:12 AM
Friday marks the start of the holiday shopping season, and there's hope that satellite radio will be a hot item found underneath several Christmas trees this year.
Early Tuesday, Sirius announced that it has passed the 800,000 subscriber mark. The satellite radio company said it remains on track to achieve its goal of 1 million subscribers by the end of the year.
Sirius said that for the holiday season it will have multiple portable plug and play products on sale, including the Sirius Sportster and the XACT Communication XTR1 Stream Jockey. In addition, the company will have plug and play receivers available from Audiovox, Blaupunkt, Clarion, DISH, JVC and Kenwood.
As for Sirius' competition, XM Satellite Radio also got a boost Tuesday when David Kestenbaum of IRG Research raised his rating on XM shares to "buy" and established a $40 price target.
"We believe both of the satellite radio operators are adding new subscribers at a healthy pace and urge investors to invest in the satellite radio space in front of the seasonally strong holiday period and the Consumer Electronic Show in early January," Kestenbaum said in a research note.
The senior analyst raised his fourth quarter net subscriber addition forecast for XM from 570,000 to 635,000. He said the No. 1 satellite radio player is projected to end the year a little more than 3.15 million subscribers, mirroring the company's internal goal for year-end 2004.
XM's product highlights for the holiday season include the Roady2, SKYFi2 and the much-talked-about MyFi handheld/portable satellite radio receiver.
http://www.skyreport.com (Used with permission)
Early Tuesday, Sirius announced that it has passed the 800,000 subscriber mark. The satellite radio company said it remains on track to achieve its goal of 1 million subscribers by the end of the year.
Sirius said that for the holiday season it will have multiple portable plug and play products on sale, including the Sirius Sportster and the XACT Communication XTR1 Stream Jockey. In addition, the company will have plug and play receivers available from Audiovox, Blaupunkt, Clarion, DISH, JVC and Kenwood.
As for Sirius' competition, XM Satellite Radio also got a boost Tuesday when David Kestenbaum of IRG Research raised his rating on XM shares to "buy" and established a $40 price target.
"We believe both of the satellite radio operators are adding new subscribers at a healthy pace and urge investors to invest in the satellite radio space in front of the seasonally strong holiday period and the Consumer Electronic Show in early January," Kestenbaum said in a research note.
The senior analyst raised his fourth quarter net subscriber addition forecast for XM from 570,000 to 635,000. He said the No. 1 satellite radio player is projected to end the year a little more than 3.15 million subscribers, mirroring the company's internal goal for year-end 2004.
XM's product highlights for the holiday season include the Roady2, SKYFi2 and the much-talked-about MyFi handheld/portable satellite radio receiver.
http://www.skyreport.com (Used with permission)