Sirius XM stock reaches a new high for 2009, with the iPhone dock coming.
Mel Karmazin’s franchise-saving deal with Liberty Media’s John Malone produced a stability that allowed the stock to reach some giddy heights – if you can call 70 cents a share “giddy.” But the trend line’s been all positive lately, and especially cheery for speculators who bought bucketloads of “SIRI” stock when it was below 20 cents a share, or even less than a dime. And if the much-rumored Sirius XM accessory for the iPhone really does get announced on Wednesday, expect further Wall Street interest. XMFan.com says the “dock accessory” could potentially make any iPhone into a satellite radio, for about $100. Lots of folks would like to get Howard Stern on their iPhone, something which isn’t possible now because Sirius has held Stern back from its iPhone app. Also reportedly due on Wednesday – the unveiling of a new receiver with a color screen, for about 80 bucks.