The future for satellite radio is looking brighter, with more subscribers and increasing stock prices.
Bloomberg News reports XM Satellite Radio says it picked up as many as 30,000 subscribers during the holiday season, meeting analysts' expectations. The news comes after the company fully rolled out nationwide service of 100 channels of music, news and other entertainment in November.
While competitor Sirius Satellite Radio won’t have its service available to the public until 2002, things are looking brighter for the company, too. Both Sirius and XM are becoming the darlings of Wall Street once again. After seeing their stock prices fall greatly in the past year and half, both have seen their prices double since November.
While it remains to be seen just how many people decide to take the plunge and buy special receivers and pay subscription fees to listen to the radio, some are saying there is a bright future for satellite radio.
One analyst interviewed by Bloomberg predicts XM to have as many as 350,000 subscribers by the end of 2002.
Bloomberg News reports XM Satellite Radio says it picked up as many as 30,000 subscribers during the holiday season, meeting analysts' expectations. The news comes after the company fully rolled out nationwide service of 100 channels of music, news and other entertainment in November.
While competitor Sirius Satellite Radio won’t have its service available to the public until 2002, things are looking brighter for the company, too. Both Sirius and XM are becoming the darlings of Wall Street once again. After seeing their stock prices fall greatly in the past year and half, both have seen their prices double since November.
While it remains to be seen just how many people decide to take the plunge and buy special receivers and pay subscription fees to listen to the radio, some are saying there is a bright future for satellite radio.
One analyst interviewed by Bloomberg predicts XM to have as many as 350,000 subscribers by the end of 2002.
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