oregonduck

Will Tate Approve Radio Merger with $20 Million Fine?

There actually is no "official" vote from anyone. They are writing a concent decree that will be entered as a final order of record with the findings and decisions of the FCC and the fine imposed. This was actually smart of the comissioner and XM becuase it made the decision pretty much iron clad. They are paying far less in fines then they would have paid in extra concessions. I hope that this is borne out in the press and in the earnings CC on the 28th. That is why we may see a more gradual rise in price. Analysts will start to fall into line as the guidance starts to come out. Legal analysts should have the same conclusion about any judicial review as I do. (no matter what some silly shorts may say) Also, the impending SEC decision on shorting that will apply to the broader market will make it very difficult for investment bankers to short Sirius. Small investors will still be able to by using Etrade, but that really has no effect on the stock price as much as the big traders do. I think that we will se a sustained uptrend as the upgrades start to come out and now is the time to start to buy. At least, that is what I am doing. There will be fluctuations, as always, but XM/Sirius has turned the corner.