Don't Bite The Hand That Feeds You

[TheInvisibleHand ™]

Siri 2 Mil buy back article >Karmazin Is In
Lisa LaMotta, 08.04.08, 6:15 PM ET

Analysts predict that the stock will continue to rise as the company realizes the synergies it has promised from the merger of Sirius Satellite Radio and XM Satellite Radio. It expects to realize cost savings of approximately $400.0 million in 2009, to post adjusted earnings before interest, taxes, depreciation and amortization exceeding $300.0 million in 2009 and to achieve positive free-cash flow for the full year 2009.

The two companies closed their merger last week after nearly a year and a half of negotiations with regulators. When chartered, they were forbidden to join, the idea being to preserve competition, but they successfully convinced Washington that competition from portable music players, the Internet and beefed-up terrestrial broadcasters had changed the landscape in the past few years.



http://www.forbes.com/2008/08/04/sirius-karmazin-shares-markets-equity-cx_lal_0804markets47.html?partner=yahootix