I went to the local Radio Shack at the mall to talk about the S50 and other sales. Sales are good, but the manager told me sales are good and only going to get better because XM is going to file bankrupcy! He heard it from corporate. I said they don't even sell XM products. HE stated that they were in talks to start selling both sirius and XM, but radio shack pulled out when they heard. I said XM has 2x the number of subs and portable radios coming out within a month. HE stated the portables are on hold and won't be out. Is this rumor true? Anyone else confirm that Radio shack was in talks with XM??? ============================================== This is absolutely true. Hugh Panero was not only responsible for Katrina, but has also been linked to Osama Bin Laden as part of the 9/11 conspiracy and the attempt to make the dollar disappear when Iran joins Syria converting to the euro as the standard acquisition currency.
Known to be a personal friend of FOMC chairman Bernanke, he is also responsible for recommending 10 more overnight rate hikes in an attempt to break the back of all investors in anything except XM--that is why he advocated and executed redeeming 10% bonds last December.
Parsons, admittedly dumber than Dan Quaile, who was recently shot by accident when the Vice President went Texan hunting, had no comment, as Jacaby from BofA has done all he can to bomb all over our poor stock.
In six months, all the six OEM have decided to go bankrupt, which will further hamper XM sales, because if you want a portable radio that looks like a traditional car tuner, you have to carry a 12 volt battery on your back, and it is one heavy mother.
Great job on your reporting and investigative skills.