Looks like XM has its "FCC overhang" solved. It will be interesting to see whether they had to neuter their FM modulators the way Sirius did.
Seems like PCSTEL missed he call on this one...
WASHINGTON, Aug. 25 /PRNewswire-FirstCall/ -- XM Satellite Radio (Nasdaq: XMSR) today announced that the Federal Communications Commission (FCC) issued new grants of authority for three XM radios with FM transmitters after determining that the radios are in compliance with FCC regulations. These XM plug-and-play radios -- Audiovox Xpress, Delphi RoadyXT, and XM Sportscaster -- are three of XM's primary products at retail. XM is notifying its manufacturers to resume production of these devices. These new products are expected to be available at retail for the holiday shopping season. About XM Satellite Radio XM is America's number one satellite radio service with more than 7 million subscribers. Broadcasting live daily from studios in Washington, DC, New York City, the Country Music Hall of Fame in Nashville, Toronto and Montreal, XM's 2006 lineup includes more than 170 digital channels of choice from coast to coast: the most commercial-free music channels, sports, talk, comedy, children's and entertainment programming; and the most advanced traffic and weather information. XM, the leader in satellite-delivered entertainment and data services for the automobile market through partnerships with General Motors, Honda, Toyota, Hyundai, Nissan and Porsche, is available in more than 140 different vehicle models for 2006. XM's industry-leading products are available at consumer electronics retailers nationwide. For more information about XM hardware, programming and partnerships, please visit xmradio.com . Factors that could cause actual results to differ materially from those in the forward-looking statements in this press release include demand for XM Satellite Radio's service, the Company's dependence on technology and third party vendors, its potential need for additional financing, as well as other risks described in XM Satellite Radio Holdings Inc.'s Form 10-K filed with the Securities and Exchange Commission on 3-9-06. Copies of the filing are available upon request from XM Radio's Investor Relations Department. SOURCE XM Satellite Radio |
