Stronger Signals for XM
Coming on the heels of the blockbuster merger agreement inked last week between XM Satellite Radio (XMSR) and Sirius Satellite Radio (SIRI), XM reported improved financials for the last quarter. On Feb. 26, XM announced a narrower fourth-quarter loss on a 45% jump in revenue. One other milestone: XM said it achieved positive cash flow from operations in the fourth quarter.
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