Wednesday, March 21, 2007

Oppenheimer: Merger Likely To Be Approved, Sees Growth Potential

SIRI Sirius Satellite and XMSR merged company would provide lower tier package with fewer channels - Oppenheimer (3.35 +0.04) -Update- Mar 21, www.briefing.com

Oppenheimer notes that yesterday's Senate Judiciary Committee hearing provided no significant insight into prevailing Senate perspective on the merger. However, SIRI CEO Mel Karmazin did offer a lower-priced post-merger tier with fewer channels. Karmazin indicated the co would provide a package in the $8.95-$9.95 range. He also indicated that the co would allow subscribers to exclude Adult programming from their subscription. The firm continues to believe that the proposed merger is likely to be approved, and there is long-term growth potential as the O.E.M customer base accelerates from current levels with deeper in-car satellite radio penetration....read more: here