Shares of XM Radio Level Off Following Wednesday's Surge
Authored by dmw on January 4, 2007 - 10:04am.
 Washington, DC - Shares of DC-based XM Satellite Radio leveled off a bit on Thursday, a day after surging more than 5% when rival Sirius announced that it expects to end the year with more than 6 million subscribers. Investors also reacted favorably to reports that Sirius will achieve its first quarter of positive cash flow in the fourth quarter.
Forbes.com reported that Goldman Sachs analyst Mark Wienkes believes that XM should finish the year above the low end of its subscriber target of 7.7-7.9 million.
Related Links:
http://tinyurl.com/yhzwb5 (Forbes)
http://www.xmradio.com
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