Pandora's quarterly results are reported on Thursday and this is the event where eyes of all the investors of other radio networks were set. Though the investors of Sirius XM do not think that these reports really matter, they can't even ignore them. They dynamically think that Sirius XM is a popular radio network and the results of Pandora would not affect it. It has been leading other radio networks since years, with Pandora trading below last year's IPO (Initial Public Offering) of $16. Though considering these terms, there is a need for Sirius XM to consider all these for right and appropriate decisions for future.
XM satellite radio customers will be in a position to access SiriusXM Web Radio for the 1st time thru Sonos wireless multi-room-audio systems, joining their Sirius opposite numbers, Sonos announced.
New Sonos purchasers in the U.S. Instantly receive a thirty day introductory trial of SiriusXM Web Radio. After that, access requires a $2.99 / month SiriusXM Net Radio subscription when adds to at present Sirius or XM satellite radio account. An Internet-only subscription costs $12.95 / month.
SiriusXM 2.0 services will give a host of features stated CEO Mel Karmazin.
These include a digital program manual; ability to purchase songs; and capability to pause, continue, repeat, along with record programming, Karmazin revealed throughout an experts conference call.
Wunderlich Stocks has released a research report on Sirius XM Radio after the company shows indicators of positive business regardless of the expectancy for steering walks being doubtful in 2011. In a report, Wunderlich wrote "We are keeping our Buy marking on SIRIUS XM Radio ( SIRI ) and $2 price target, even though with mild dissatisfaction as to 2011 direction even as 4Q actuals surpassed our guesses.
Shares of Sirius XM Radio are trading up 8.6% to $1.83 today on greater than average volume. Roughly 77 million shares have trades hand versus average 30 day volume of 40.8 million shares. Point in amount can certify a getaway or signal a prospective turning point. Like such, SmarTrend will continue to observe shares of SIRI to work out if this bullish momentum will continue.