Sirius XM is ready to seek bankruptcy protection. The company has warned investors that it’s prepared to file Chapter 11. It has hired bankruptcy and restructuring advisers. And it has filled out the necessary paperwork. But it may never file it. “People familiar with the situation” tell The Wall Street Journal that Sirius CEO Mel Karmazin and satellite mogul Charlie Ergen are moving closer to an accord that would save the struggling satellite radio outfit from having to file Chapter 11.

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As entertaining as news of a Sirius XM-EchoStar-Liberty Media three-way might be, research houses don’t appear to be giving it much credence. Already a few have issued notes dubious of the idea of Liberty accepting the white knight role in this debacle.

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The Sirius XM fiasco is fast becoming high drama. Hoping to avoid bankruptcy and fend off an unsolicited takeover attempt from satellite mogul Charlie Ergen’s EchoStar, which has been acquiring its debt, Sirius has approached Liberty Media about a possible transaction.

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Sirius XM Radio caught a lucky break recently when NASDAQ added another three months to a suspension of its delisting rules. With a share price below the $1 minimum price requirement to remain listed on the exchange, the struggling satellite radio broadcaster’s delisting seemed imminent. No longer.

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The markets are having their say about Yahoo’s choice of Autodesk Chairwoman Carol Bartz as CEO and they don’t seem to much care for it. Though Bartz is a widely-respected Silicon Valley veteran and has done much to improve Autodesk’s fortunes, investors aren’t so sure she’ll do the same for Yahoo.

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Looks like Sirius XM CEO Mel Karmazin won’t be taking the company private anytime soon, although given its current stock price there’s no reason he couldn’t. At its current value, you’d have to sell off more than 70 shares of SIRI to purchase a one-month subscription to Sirius Satellite Radio.

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If it’s true that “real men have fabs,” as Advanced Micro Devices Inc. Chairman W. J. “Jerry” Sanders III once said, then AMD is the semiconductor industry’s latest eunuch. This morning the chipmaker said it will spin off its manufacturing operations, splitting itself into two companies–one to design chips and one to make them.

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The first Android-powered handset debuted this morning at a T-Mobile launch event in New York. Manufactured by HTC, the G1 is largely as anticipated. Peter Chou, CEO of HTC describes it as “iconic,” but that’s being a bit generous, I think. In design, the device seems to borrow quite a bit from the T-Mobile Sidekick, and its touchscreen GUI clearly owes a thing or two to Apple’s iPhone.

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American Airlines rolled out its take on cloud computing today, becoming the first airline in the U.S. to offer full in-flight broadband access. Dubbed “GoGo” and provided by AirCell, the service is available for a flat $12.95 fee on flights between New York and San Francisco, New York and Los Angeles, and New York and Miami.

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As one of the original 13 colonies, you’d think that New York State would have a particular antipathy toward things like “taxation without representation.” And perhaps it does, just not when it’s the one doing the taxing.
The state recently passed a so-called Amazon Tax, a new law compelling out-of-state online retailers to start collecting New [...]

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So that special event rumored to be taking place at one of Apple’s New York stores? Not so special.
“Nu metal” rockers Linkin Park did indeed play a secret concert at the Apple store in SoHo last night. But it was a just a concert–nothing more. There were no big announcements aside from news that the [...]

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Looks like there may be something to rumors that Apple is planning a special event for the end of February. “Nu metal” rockers Linkin Park are working with Apple on a “secret” concert in New York City, according to band member Mike Shinoda.

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