XM Satellite Radio next week is expected to unveil a “wearable” device, marking the satellite radio industry leader’s latest effort to woo audiences to the nascent format…
“There is a good shot this ‘Walkman’ type device, in the near term, will differentiate XM’s hardware from Sirius,” a rival satellite radio system, said Kit Spring, analyst with Stifel, Nicolaus in a note for investors…He said such a device would “also get investors thinking about future combinations of IPOD/TIVO-like satellite radios, which would increase the value of the monthly subscription.”
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