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Farmers Hit the Jackpot in Kansas Oil Boom
The release date of XM Satellite Radio Inc.'s (NASDAQ:XMSR) Q4 2006 earnings report is thus far unannounced, but could come as early as next week. The uncertainty about that date seems to reflect a larger uncertainty about XM and its only real rival, Sirius Satellite Radio Inc. (NASDAQ:SIRI).
Share prices of both satellite radio broadcasters rose for a time in January as rumors swirled that XM and Sirius might merge, even though it would require changes to FCC rules to make the merger possible. Analysts' reactions to the possible merger were mixed, depending on whether they thought the merger was likely to pass muster, when it might happen, and what such a merger might do the value of the resulting stock:
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