European source today delivers the news about SIRIUS XM (SIRI) going to start its operations in China. Winning 1,3 billion market seems like a good idea. Esp with GM's presence there already. Some analysts predict this year for SIRI to be a year of growth. Target price rose from $1 per share to $5 per share by the end of the 2009. Article also mentioned about relationship with GOOGLE (GOOG), which is apparently going to use SIRI in cars as Internet provider for so called "MOBIL Wi-Fi", a new revolutionary technology that going change the way we think of Internet. SIRI Internet is going to be introduced in Geneva, on oct.19th at WTC (world tech convention). Nevertheless, with all the good news SIRI is declined. Makes you wander: who are those people that willing to sell it? Are they nuts? Doesn't make any sense, giving the thought that investor's goal is to make money.
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