Analysts expected XM Satellite (XMSR) to loss $.44 on $287 million in revenue. Revenue for the 2007 third quarter increased approximately 20 percent year over year to $287 million compared to $240…
Douglas A. McIntyre Below are the short positions for major companies traded on the Nasdaq as of October 15. The figures compare to numbers on September 28, 2007 Traders bet big on Sun’s turnaround, dropping…
CNBC just had some back to back coverage regarding Sirius Satellite Radio (NASDAQ:SIRI) and possibly of XM Satellite Radio (NASDAQ:XMSR). We’ve been closely monitoring this merger and it just seems that at…
Douglas A. McIntyre Below is the short interest for selected stocks traded on the Nasdaq. The figures are as of September 28 and compare to numbers as of September 14, 2007. Largest Short Positions Company …
The rent-a-temp CEO of XM Satellite (XMSR) does not sound like a man running a company about to be merged into Sirius (SIRI)."This is a business that has never made money, and…
Douglas A. McIntyre According to Bloomberg, The Justice Department has asked Sirius (SIRI) for more information related to its merger with XM Satellite Radio (XMSR) "They continue to ask for information," Karmazin said of the…
Douglas A. McIntyre According to Reuters, Goldman Sachs (GS) offered $1.5 billion for reinsurance broker Benfield Reuters writes that Alan Greenspan thinks the chance of a US recession is still below 50/50. Reuters reports that…
Short interest in several large Nasdaq traded companies fell sharply in September. The figures are calculated as of September 14 and are compared to numbers from August 15, 2007. Short interest in…
(AIR) AAR Corp. $0.36 EPS vs $0.39 est.(CMO) Capstead Mortgage will sell 8.5M shares of common stock.(DT) Deutsche Telecom’s T-Mobile won iPhone exclusivity in Germany.(EPAY) Bottomline Technologies announced a strategic pact with…
This morning, both Sirius Satellite Radio (NASDAQ:SIRI) and XM Satellite Radio (NASDAQ:XMSR) are trading lower. It appears that a key analyst that had been a defender of the keep has decided to…
Douglas A. McIntyre ADP added to Goldman Sachs Conviction Buy List.AOS cut to Underperform at Baird.ASBC raised to Equal weight at Lehman.BBX cut to Mkt Perform at KBW.BHE cut to Neutral at JPMorgan.CCE cut to…
Shares in Sirius (SIRI) are up about 20% over the last month. Nothing has really changed. No new earnings. The supposition is that the chances of a merger with rival XM Satellite…
Douglas A. McIntyre We have been steadily reviewing all of the trading in stock and options in shares of both Sirius Satellite Radio (NASDAQ:SIRI) and XM Satellite Radio (NASDAQ:XMSR) to look at the probability of…
Douglas A. McIntyre We haven’t had a whole lot to say regarding Sirius Satellite Radio’s (NASDAQ:SIRI) acquisition of XM Satellite Radio (NASDAQ:XMSR) of late. It’s being penned as a merger of equals, but everyone knows…
Douglas A. McIntyre Below is the short interest for major company stocks traded on the Nasdaq. The figures are from August 15 and compare to numbers from July 13, 2007. Investors were not willing to…
