Before the bell: YHOO, EBAY, TRMP, MRK, SIRI, XMSR, AAPL …
Posted by: in Stocks Money NewsFiled under: Before the bell, Analyst reports, Microsoft (MSFT), Yahoo! (YHOO), Apple Inc (AAPL), eBay (EBAY), XM Satellite Radio (XMSR), Sirius Satellite Radio (SIRI), Walt Disney (DIS), AT and T (T), Boeing Co (BA), Merrill Lynch (MER), NYSE Euronext (NYX), Trump Entertainment Resorts (TRMP), Merck and Co (MRK)
Before the bell: Investors concerns resumed, stock futures lower
Today is the expiration date on the FCC’s 180-day review period for the proposed purchase of XM Satellite Radio Holdings Inc. (NASDAQ: XMSR) by Sirius Satellite Radio Inc. (NASDAQ: SIRI). Analysts thinks the purchase may not be approved by today. While some analysts are think that the FCC may yet approve the merger, the Justice Department may not act under the same time constraints. Consensus seems to be, though, that the review will slip past the 180-day period. A Cowen & Co. analyst warned shares of the two satellite radio companies may tumble if the deal is rejected, XM shares may drop between 20-30% and Sirius may decline about 20%. In premarket action SIRI shares are down 4.8% and XMSR shares down 8.4%.
Continue reading Before the bell: YHOO, EBAY, TRMP, MRK, SIRI, XMSR, AAPL …
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