Satellite Radio's Lofty Orbit
Forbes - 10 hours ago
NEW YORK - XM Satellite Radio Holdings surprised investors with better-than-expected earnings this morning, and the sky seems to be the limit for satellite radio. Revenue is growing, subscriptions are booming, the industry is attracting high-class talent, and automobile manufacturers are putting satellite radio receivers in millions of cars.

But the jury's still out on whether satellite is going to achieve a stable orbit or sink back toward earth. XM (nasdaq: XMSR - news - people ) and Sirius Satellite Radio (nasdaq: SIRI - news - people ) have boasted stellar growth numbers, but their finances are soft and their revenues are far outweighed by spending. Meanwhile, competing technologies threaten to overtake the satellite vendors the same way they've undercut traditional broadcasters.

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