DALLAS, July 12, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Sirius XM Radio Inc. (Nasdaq:SIRI). The report includes financial, comparative and investment analyses, and recent company news that you need to know to make an educated investment decision.
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The full report is available at: http://www.microstockprofit.com/lp/SIRI
The MACD for SIRI currently indicates a strong bearish signal for two reasons. First, the MACD is below the signal line, a 9-day moving average. Second, the MACD is below the critical level of zero, which implies that the underlying moving averages are trending lower.
Sirius XM Radio Inc. (SIRI) has two principal wholly owned subsidiaries, XM Satellite Radio Holdings Inc. and Satellite CD Radio Inc. The Company is engaged in broadcasting in the United States, its music, sports, news, talk, entertainment, traffic and weather channels for a subscription fee through its satellite radio systems, the SIRIUS system and the XM system. On July 28, 2008, its wholly owned subsidiary, Vernon Merger Corp., merged (the Merger) with and into XM Satellite Radio Holdings Inc. and, as a result, XM Satellite Radio Holdings Inc. became its wholly owned subsidiary. The SIRIUS system consists of three in-orbit satellites, approximately 120 terrestrial repeaters that receive and retransmit signals, satellite uplink facilities and studios.
Message Board Search for SIRI: http://www.boardcentral.com/boards/SIRI
In the report, the analyst notes:
"For the first quarter of 2010, SIRI recognized total revenue of $670.6 million compared to $605.5 million for the first quarter 2009. This 11%, or $65.1 million, increase in revenue was driven by the U.S. Music Royalty Fee introduced in the third quarter of 2009, the sale of "Best of" programming, and rate increases to the Company's multi-subscription and Internet packages.
"SIRI also recently announced that it will offer baseball fans comprehensive coverage of 2010 Major League Baseball All-Star Week in Anaheim, CA, July 9-13. SIRI will broadcast the 81st All-Star Game on Tuesday, July 13 (8:00 pm ET/5:00 pm PT), and the State Farm Home Run Derby on Monday, July 12 (8:00 pm ET/5:00 pm PT), live from Angel Stadium on XM channel 175."
To read the entire report visit: http://www.microstockprofit.com/lp/SIRI
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