Sirius’ (SIRI) merger with XM Satellite Radio (XMSR) is currently under review by the Department of Justice and the Federal Communications Commission. This case was brought before these two government entities over a year ago to decide the legality of the merger of the only two companies which have a license to provide satellite radio. There has been fierce protest from The National Assocation of Broadcasters [NAB] decrying this merger as a monopoly, but very little protest from the consumers or the general public. Whether or not this merger would benefit the consumer while also injecting the struggling world of satellite radio with life will only be told by time.

As businesses continue to embrace the migration of operations through traditional methods to more efficient and productive online methods to maintain their company records, InternNAP Network Services (INAP) stands poised to capitalize on this logical transition. InterNAP provides network solutions for businesses to move their critical processes, documentation, supply chain management, and customer relations management online. As businesses continue to increase their profit margins through higher productivity levels InterNAP will provide the business solutions for their continued growth and optimization of their current networks and workforce.

Two interesting facts to consider when gauging investor sentiment regarding InterNAP and its market in general are its short interest ratio and institutional ownership. Although nothing wax effusive has manifested itself these incremental advances are bullish nonetheless. Institutional ownership now accounts for 60% of outstanding shares. 33 new positions have been taken. 79 have increased ownership while 46 have decreased their holdings resulting in approximately a million share increase of institutional ownership. The short interest has steadily declined over the last several months leading to the upcoming earnings report. With five million shares short in the September short interest reading that number has declined to 4.5 million shares short in October.

GigaMedia (GIGM) is a freight train of a stock. Typically, I would avoid a stock with such hefty gains over the past several months, but the manner in which they blew through their 52 week high and continue to climb daily is impressive. Also, who would not like a stock whose focus is gaming software for cellphones. People, in general, love to gamble and GigaMedia supplies the platform for gaming from their cellphones, in Europe and Asia no less. Here is an astounding figure: GigaMedia has 68 million registered users. Simple investor logic applies here; cellphone use is growing worldwide, especially in Asia; cellphone technology is expanding; and the cellphone is evolving as an entertainment center. Here comes the fundamental case.

Currently sporting a PE of 45 and a forward PE of 25 this stock is cheap despite the recent runup in share price. Considering its 90% year over year revenue growth, analyst predictions of 35-65% revenue growth over the next one to three years, and healthy 25% profit margins the share price for GigaMedia is beginning to reflect current growth, but ignoring the prospects which will emerge as the cellphone market continues to evolve and cellphone usage penetrates new markets. With debt manageable at 24 million while sitting on 74 million in cash, GigaMedia will continue to thrive in the cellphone software market and is projected to generate 245 million in revenue in 2008.

The stock of Nintendo Co. (NTDOY.PK), the purveyor of Wi game consoles and gameboys, trades on the Japanese markets, reducing direct access to many investors in this booming stock. An investor can purchase an American Depository Receipt which is directly correlated to the performance of Nintendo Co. on the OTC market, which in all honesty inherently contains more risk due its lax regulation and oversight. However, with a blue chip company such as Nintendo, many of the risks associated with the OTC market are minimized.

To say Nintendo has enjoyed success with its revolutionary Wii console is an understatement. This exceedingly popular game console appeals to a previously untapped and expanding audience of gamers. The casual social gamer. For August, Wii trounced its competitors in terms of console sales: Wii sold 403,000 units, Microsoft's (MSFT) X-box sold 276,000, and Sony's (SNE) PS3 sold 130,000. Moreover the Nintendo also doubled the 150,000 PSPs by selling 383,000 units of Nintendo DS. Recently, Nintendo revised upwards their projected fiscal year unit sales from 14 million to 16.5 million.