Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 27 February 2008 07:20

Sirius/XM merger on hold

Written by David Stellmack
Image

No guaranteed date in sight

U.S. Regulators, including the Federal Communications Commission (FCC) and the U.S. Department of Justice (DOJ) have not issued a regulatory ruling on whether they will approve the purchase by Sirius Satellite Radio, Inc. of rival XM Satellite Radio. 

As a consequence, Sirius reported a net loss of $.11 per share, or $188.2 million for its fourth quarter. The concern reported by the DOJ and the FCC is whether the merger of the two U.S. satellite giants is anti-competitive.

Sirius added 654,309 subscribers during the quarter, ending the year with 8.32 million subscribers and revenue of $250 million, a 29 percent increase.  Many had considered the merger of the two satellite radio providers to be a “rubber stamp,” but the FCC and DOJ are taking their time in considering the merger.

Last modified on Wednesday, 27 February 2008 07:49

David Stellmack

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments