Jump to content


Welcome to DBSTalk


Sign In 

Create Account
Welcome to DBSTalk, like most online communities you must register to view or post in our community, but don't worry this is a simple free process that requires minimal information for you to signup. Be a part of DBSTalk by signing in or creating an account.
  • Start new topics and reply to others
  • Subscribe to topics and forums to get email updates
  • Get your own profile page and make new friends
  • Send personal messages to other members.
 
Guest Message by DevFuse

Photo

XM Satellite, satellite radio catching on -Barron's


  • Please log in to reply
No replies to this topic

#1 OFFLINE   salogdbs

salogdbs

    Cool Member

  • Registered
  • 11 posts
Joined: Feb 17, 2003

Posted 17 February 2003 - 01:24 PM

XM Satellite, satellite radio catching on -Barron's
Sun February 16, 2003 06:02 PM ET
NEW YORK, Feb 16 (Reuters) - XM Satellite Radio Holdings Inc. XMSR.O is poised for growth as satellite radio is catching on and drawing favorable reviews from subscribers, Barron's reported in the cover story of its Feb. 17 issue.
XM is leading its rival Sirius Satellite Radio Inc. SIRI.O , which got a later start and has less than one tenth the subscriber base of XM, Barron's said.

General Motors Corp. GM.N is aggressively pushing satellite radio, and fans of the service see it becoming standard in new cars, Barron's said.

Bear Stearns' satellite analyst recently upgraded XM to a rating of "peer perform" from "underperform" and raised his price target to $9 per share, Barron's said.

XM expects to have more than a million subscribers at the end of the year, Barron's said. If it has 10 million by 2007, it could earn $1.50 per share, supporting a $30 to $40 share price, the publication said.

...Ads Help To Support This SIte...



spam firewall