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Technology Stocks : XM Satellite Radio Holdings Inc. (XMSR)

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From: Sirius_Rich8/12/2006 11:07:48 PM
   of 3386
 
From the Los Angeles Times
IN BRIEF / BROADCASTING
FCC Seeking More Data From XM Radio
From Bloomberg News

August 12, 2006

The Federal Communications Commission stepped up its inquiry into radios sold by XM Satellite Radio Holdings Inc., the largest pay-radio provider.

XM said in a regulatory filing that the commission asked the company this week to detail how and why its products strayed from FCC rules. The Washington-based company said it would respond promptly.

The FCC's move is a setback for XM in its efforts to get radios back on store shelves after the commission said some of the devices' wireless signals were too strong. The company has twice lowered its subscriber forecast because of product shortages.

latimes.com
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