The patent filed by XM Satellite Radio is starting to cause quite a stir, especially on Wall Street. Bear Stearns reiterated an "outperform" rating and $45 target price on XM Satellite Radio (XMSR) stating it shows "a potential road map for the tremendous future of satellite radio."
The patent includes potential future devices with increased functionality including MP3 capabilities, removable storage, multi-tuner recordability, legal downloading, Buy-It-Now buttons, cellular compatibility and DVR-like functionality.
This is getting the day-traders into quite a frenzy.
Leave a comment