Liberty may eventually increase its stake from 40% to 51% in a variety of ways, but they will be mindful of the economy, given Sirius' dependence on new car sales from Ford (F), General Motors (GM) and Chrysler. Harrigan believes that Liberty will get a majority stake in Sirius in the "next two years" but whether it's friendly control or not is a different story.
Earlier this morning, Sirius generated record first-quarter revenue, pulling in $805 million in sales, and earning 2 cents a share. That's up from $724 million in the first-quarter of 2011, when it earned 1 cent a share. Analysts polled by Thomson Reuters were looking for $803.83 million in revenue and earnings of 2 cents a share.
Sirius shares fell slightly in Tuesday trading, losing 2 cents, or 0.67%, to reach $2.24.
Interested in more on Sirius? See TheStreet Ratings' report card for this stock.Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices. --Written by Chris Ciaccia in New York >To follow the writer on Twitter, go to http://twitter.com/commodity_bull. >To submit a news tip, send an email to: firstname.lastname@example.org
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