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Technology Stocks : XM Satellite Radio Holdings Inc. (XMSR)

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From: i-node11/27/2006 10:35:32 AM
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09:14 EDT XMSR theflyonthewall.com: Satellite Radio: Probabilty of a SIRI/XMSR merger over next 18 months is 75%@STFL
Stifel's analysis is based on SIRI's Mel Karmazin's track record and a compelling risk/reward tradeoff. The broker believes the probability of an FCC/DOJ merger approval is 55%-60%. STFL reiterates Buy ratings on both SIRI and XMSR and raised their target on XMSR to $18 from $16, which accounts for $2 of merger option value. :theflyonthewall.com


Mel keeps this old rumor moving.

It is easy to see why Sirius wants to merge with XM, but it is much more difficult to see why would XM would want to merge with Sirius.
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