Bear Stearns on Apple Rumor
October 20, 2006
Robert Peck, analyst for Bear stearns issued a report regarding satellite radiuo and speculation surrounding an apple deal. In his report he seems to be of the opinion that an Apple deal with either Sirius or XM is happening in the near future. He Cites:
1. Apples patent application is a method by which to capture the data about a song so that an I-Pod user can purchase that song at a later date from I-Tunes.
2. He states three reasons why a satellite pod may not be a current option for Apple - A. Reception is spotty at times, especially XM2Go, which may not be acceptable to the perfection-oriented Apple. B. Chipset and battery requirements may lead to bigger size C. Economics of subscription and revenue sharing.
In Peck's opinion, he feels that at the current time a relationship is not likely, but that in the future something could happen. Peck maintains an OUTPERFORM on SIRI and XM
10/20/2006 03:08:00 PM
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