NEW YORK, Aug 4 (Reuters) – Subscribers and revenue at Sirius
XM Radio (SIRI.O: Quote, Profile, Research, Stock Buzz) jumped in the second quarter, fueled by
improving demand in the auto sector and the pay-radio service
customers’ desire for premium programming.
Sirius XM shares rose about 3 percent to $1.04 on Wednesday
after the company — which is lead by media industry veteran Mel
Karmazin — nudged its full-year revenue estimate up to $2.8
billion from $2.7 billion, following a quarter where it added
583,000 net subscribers in the second quarter.
The makers of the Blackberry, Research In Motion, unveiled a new version of the smartphone with a touchscreen and slideout keyboard, which is aimed squarely at the iPhone. It runs on AT&T’s network and is called “Torch” –but will it catch fire in world of popular consumer gadgets?
The event occurred as attendees and analysts also wondered how Research in Motion would respond to questions about the security of its messaging system.