The debate continues on the merger of XM (XMSR ) and Sirius (SIRI ) Satellite Radio as the case again comes before the Senate Committee on Commerce for round four since its original proposition in February. Opponents argue that the merger will create a monopoly, leaving a sole provider for satellite service to consumers. This, they argue, will lead to increased prices and decreased content. Advocates argue that the merger is necessary in order to compete against other technologies, including terrestrial radio, MP3 players, CD/DVD etc. The inference is that the battle between the two small companies for the limited audience is splitting the market and preventing its advance against the other technologies.
|
| Lehman Brothers Appoints Council on Climate Change |
| Written by David Neubert | |||
|
Lehman Brothers (LEH) said on Wednesday that it has named Theodore Roosevelt IV, a great-grandson of U.S. President Theodore Roosevelt, as chairman of its global council on climate change (source Reuters).
I love to see a company I was associated with attack issues that threaten our planet. I also think it is good business. I have been impressed with Lehman Brother's innovation and drive to succeed. I also think that their stock, along with those of most big investment banks, are underpriced.
Disclosures and Confessions: I own Lehman Brothers (LEH). I am a former employee and Managing Director at Lehman Brothers(LEH), I am vested in their executive compensation, stock ownership and options plans. I have sold LEH in the past two years. To my knowledge I was never deemed an "insider". Disclaimer: Nothing in this trade log is meant to be specific financial advice or a recommendation to buy or sell. I do not give investment advice. Do your own research. Do not rely on anything in this weblog to make investment decisions. I do not log all my trades here. I only describe or mention those that I think might be interesting. Consult an investment professional familiar with your specific financial situation before buying or selling any security. Options may be for me but they are are not for everyone.
|