Singular Research Comments on XMSR
June 8, 2006
Satellite Standard Group likes to keep you informed about potential stock price moving events/comments. I call it "dodging bullets".
Yesterday, Singular Research came out with a negative report on XMSR. I had never heard of Singular, so I checked out their website (their main luminary is Trip Hawkins. Remember him from 3DO?).
"Singular Research Lowers Price Target on XMSR From $14 to $10; Maintains SELL Rating(Market Wire 06/07 12:20:18)
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Singular Research.
WOODLAND HILLS, CA -- (MARKET WIRE) -- 06/07/06 -- Singular Research,
http://www.singularresearch.com/, which provides unbiased research toinstitutional money managers and hedge funds, has updated its coverage on(NASDAQ: XMSR). Here are some highlights:
-- On May 25, XM decreased its year end subscriber base estimate to 8.5 million from 9.0 million, previously.--
XMSR is the subject of several lawsuits and federal investigations. The Company has suspended shipment of one of its popular radios as a result of these investigations.--
As events unfold, we are becoming increasingly confident that current industry expectations are overly optimistic. We are now forecasting 15.7 million subscribers by 2010 versus the company's current estimate of 20 million subscribers. "
6/08/2006 07:52:00 AM
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