Siriusxmnews.com is now Musicsink.com » merger http://siriusxmnews.com Visit Musicsink.com Fri, 08 Jul 2011 04:21:04 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 New Forums http://siriusxmnews.com/2008/01/new-forums/ http://siriusxmnews.com/2008/01/new-forums/#comments Thu, 24 Jan 2008 22:27:07 +0000 SXMN http://siriusxmnews.com/2008/01/24/new-forums/ I just set up a small forum. Feel free to stop by and post your thoughts on the merger or discuss Sirius or XM.

http://siriusxmnews.freeforums.org/ 

]]> http://siriusxmnews.com/2008/01/new-forums/feed/ 0 XM, Sirius shares drop on merger worries http://siriusxmnews.com/2008/01/xm-sirius-shares-drop-on-merger-worries/ http://siriusxmnews.com/2008/01/xm-sirius-shares-drop-on-merger-worries/#comments Mon, 21 Jan 2008 23:43:40 +0000 SXMN http://siriusxmnews.com/2008/01/21/xm-sirius-shares-drop-on-merger-worries/ I have shares in Sirius and believe me I have seen this stock go down and down day after day. I’m going to stick with it though.
I figure if the Merger goes through Sirius will shoot up, if not I believe that Sirius will still be the better stock than XM which has been falling and falling.
 
The thing that gets me is that if the Merger does not go through in the end it’s going to be only one Satellite Radio service because XM is most likely going to tank.

I’ve been waiting patiently for this Merger but It’s starting to get pretty annoying with this long wait. I don’t know what is up with the FCC but they better make a decision soon.

Here is the Article to match the Headline. Hope everyone likes the new site. Leave me any comments that you might have.

LOS ANGELES, Jan 9 (Reuters) – Shares of Sirius Satellite Radio Inc (SIRI.O: Quote, Profile, Research) and XM Satellite Radio Holdings Inc (XMSR.O: Quote, Profile, Research) fell more than 10 percent on Wednesday on worries their planned merger could be in trouble, analysts said.

Sirius Chief Executive Mel Karmazin told an investor conference on
Tuesday that he had not yet “officially” heard from government
regulators who have to approve the deal, but added that he was still
confident the merger was on track.

Barrington Research analyst James Goss said investors were trying
to determine from Karmazin’s comments whether there was opposition at
the Department of Justice, which will decide if combining the two U.S.
satellite radio companies would be anti-competitive for consumers.

“I think one of the issues has been the speculation about whether
the merger will take place,” Goss said. “Today’s sentiment seems to be
‘no.’”

He added that the shares “had run up for awhile when it seemed like
everybody was getting on board with the notion that it would take
place.”

On Nasdaq, XM fell 8 percent to $10.55 and Sirius dropped 5 percent to $2.82 at mid-afternoon.

“The merger between XM Satellite and Sirius was expected to be
completed by the end of 2007 but this did not happen,” said William
Lefkowitz, an options strategist at brokerage firm vFinance
Investments. “Therefore, some investors are concerned that this deal is
running into problems and may never be completed.”

(Reporting by Gina Keating in Los Angeles and Doris Frankel in Chicago, editing by Richard Chang)

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