Thursday, June 28, 2007

Worldspace Inc (WRSP)

If this stock can trade above 5.70 those shorts could drive the stock all the way up towards 10.00. Keep and eye on OSTK today it looks ready to go!

Worldspace, Inc. provides satellite-based digital radio service, known as Digital Audio Radio Service (DARS). The Company’s infrastructure supports a satellite-only service and is a fully operational system consisting of three elements: two geostationary satellites, AfriStar and AsiaStar; the associated ground systems that provide content to and control the satellites, and the receivers owned by its customers. It provides radio programming, including a range of music, news, sports and entertainment channels. It also broadcasts WorldSpace-developed programming. During the year ended December 31, 2006, it introduced seven new channels, which include Surabhi (Marathi Regional Music and Lifestyle), Umang (Gujarati Regional Music and Lifestyle), Falak (Urdu Regional Music and Lifestyle), Fox Sports Radio (United States Sports Talk), RMC Info (French Sports), Disso FM (Music and Information for the Mouride Community) and AFEXPAT (Music, News and Info for the Pulaar and Sonike Communities).