Try to IPO a satellite radio co today
This Urlocker blog will cause some of the equity research analysts to, perhaps, reconsider their share price targets of Sirius, XM, and XM Canada. It appears that several U.S. i-banks are starting to downgrade already; just wait until the rating agencies get around to doing their quarter end reviews.
Urlocker has come up with a perspective that can’t be dismissed out of hand. Perhaps the Ipod has already solved the problem that the satellite radio guys were trying to make hay on. XMC CEO John I. Bitove is one of Canada’s most talented entrepreneurs, and if anyone can make it work he can. But Apple is no slouch, either.