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Stock Alert for Sirius XM Radio Inc. Issued by MicroStockProfitDALLAS, Jun 14, 2010 (GlobeNewswire via COMTEX) -- MicroStockProfit.com announces an investment report featuring Sirius XM Radio Inc. (Nasdaq:SIRI). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision. The full report is available at: www.microstockprofit.com/lp/SIRI Sirius XM Radio Inc. (SIRI) has two principal wholly owned subsidiaries, XM Satellite Radio Holdings Inc. and Satellite CD Radio Inc. The Company is engaged in broadcasting in the United States, its music, sports, news, talk, entertainment, traffic and weather channels for a subscription fee through its satellite radio systems, the SIRIUS system and the XM system. On July 28, 2008, its wholly owned subsidiary, Vernon Merger Corporation, merged (the Merger) with and into XM Satellite Radio Holdings Inc. and, as a result, XM Satellite Radio Holdings Inc. became its wholly owned subsidiary. The SIRIUS system consists of three in-orbit satellites, approximately 120 terrestrial repeaters that receive and retransmit signals, satellite uplink facilities and studios. The XM system consists of four in-orbit satellites, over 700 terrestrial repeaters that receive and retransmit signals, satellite uplink facilities and studios. Message Board Search for SIRI: http://www.boardcentral.com/boards/SIRI In the report, the analyst notes: "For the first quarter of 2010, SIRI recognized total revenue of $670.6 million compared to $605.5 million for the first quarter 2009. This 11%, or $65.1 million, increase in revenue was driven by the U.S. Music Royalty Fee introduced in the third quarter of 2009, the sale of "Best of" programming, and rate increases to the Company's multi-subscription and Internet packages. "SIRI recently issued revised guidance on its subscribers and certain financial metrics for 2010. The Company now expects net subscriber additions for the full year to be approximately 750,000, pro forma revenue to be approximately $2.75 billion, and pro forma adjusted income from operations to be approximately $575 million. In addition, the Company expects free cash flow for 2010 to exceed $100 million." To read the entire report visit: www.microstockprofit.com/lp/SIRI See what investors are saying about SIRI at penny stock forum MicroStockProfit.com is a small-cap research and investment commentary provider. MicroStockProfit.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on MicroStockProfit please visit: http://www.microstockprofit.com MicroStockProfit.com Disclosure MicroStockProfit.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. MicroStockProfit.com is a Web site wholly owned by BlueWave Advisors, LLC. Neither MicroStockProfit.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. Please read our report and visit our Web site, MicroStockProfit.com, for complete risks and disclosures. This news release was distributed by GlobeNewswire, www.globenewswire.com SOURCE: MicroStockProfit.com CONTACT: MicroStockProfit.com Brian Johnson 1-888-307-2850 [email protected] |