Sirius Xm News

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)

Technorati Tags: sirius, xm, satellite radio, merger news, merger, FCC, Stocks, Shares

XM Radio to Be Factory-Installed Feature on All 2009 Hyundai Genesis Sedans

DETROIT, Jan. 13 /PRNewswire-FirstCall/ — XM (NASDAQ: XMSR), the
nation’s leading provider of satellite radio with more than 8.5 million
subscribers, today announced that Hyundai will offer XM NavTraffic
real-time traffic service as an option on the Genesis, its new,
rear-wheel drive premium sports sedan. The Genesis will be the first
Hyundai brand vehicle to offer the service, which will be available as
part of the vehicle’s navigation system.

XM NavTraffic, available in 80 major North American markets, alerts
drivers to traffic incidents along their driving route. The service
delivers real-time traffic information on issues such as accidents and
construction delays via satellite to the vehicle’s GPS navigation
system, allowing drivers to avoid congestion and save time and fuel.

XM NavTraffic, powered by NAVTEQ Traffic, is the nation’s leading
real- time traffic service that offers the most comprehensive
information and coast- to-coast updates every minute, ensuring that the
driver has the latest and most detailed information at his or her
fingertips.

In addition to offering XM NavTraffic, XM Radio will be a standard
feature on all Genesis trim levels. Hyundai’s rollout of XM Radio as a
standard feature across its U.S. vehicle line-up began in the 2007
model year. XM Radio is a standard, factory-installed feature on the
Accent, Azera, Elantra, Santa Fe, Sonata, Tiburon, Tucson and Veracruz.

“Nearly every new Hyundai sold today already comes equipped with XM
Radio’s 170 channels of music, news, sports and talk programming,” said
Joe Verbrugge, senior vice president, automotive partnerships and
international operations, for XM. “Hyundai is now offering the
additional convenience of XM NavTraffic, a real-time service that is
certain to save Genesis drivers precious time and money.”

“The Genesis marks a new chapter in Hyundai’s history as our first
rear- wheel drive, premium sports sedan,” said John Krafcik, Hyundai
Motor America’s vice-president of product development and strategic
planning. “This all-new vehicle continues on Hyundai’s tradition of
offering high-appeal features, such as XM NavTraffic real-time traffic
service, that delight the customer at a surprisingly affordable price.”

Every 2009 Hyundai Genesis equipped with XM NavTraffic comes
standard with a three-month complimentary subscription. In addition,
every Hyundai model equipped with factory-installed XM Radio also comes
with a three-month trial subscription.

Technorati Tags: NavTraffic, Hyundai, XM Radio