It was a busy week for satellite radio. Sirius XM Radio
Just two days after delivering its first quarter of positive adjusted profitability, Sirius XM revealed that it's working on a program for Apple's
One can always wonder why Sirius XM didn't come through with these positive developments before handing over 40% of the company to Liberty Media
Sirius XM will be challenged to grow its subscriber base at this point, but surviving is a relative victory for a company that many had left for dead last month.
Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.
- In a move to soothe investor concerns that eBay's
(NASDAQ:EBAY)growth is toast, the company provided a three-year outlook on Wednesday. Growth at eBay.com itself will be a challenge, but the company expects revenue at PayPal and Skype to roughly double between 2008 and 2011. Should shareholders be worried that part of the growth thesis at PayPal involves "continued penetration on eBay" when eBay's marketplace business is reeling? Probably, but the shares have certainly been beaten down enough to the point where value investors should begin showing interest in the fallen growth stock.
- Amusement park operator Cedar Fair
(NYSE:FUN)became the latest company to slash its payout. Investors actually cheered the units higher on the news, a sign that investors are either no longer trusting yields or just relieved that the inevitable has happened and more companies are hoarding away their greenbacks.
Until next week, I remain,
Longtime Fool contributor Rick Munarriz recommends windshield wiper fluid when trying to look back. He does not own shares in any of the stocks in this story, save for Cedar Fair. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.