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Technology Stocks : Sirius Satellite Radio (SIRI) -- Ignore unavailable to you. Want to Upgrade?

To: ALTERN8 who wrote (334)	2/28/2003 3:46:40 PM
From: ALTERN8	Read Replies (1) \| Respond to of 8420

Press Release Source: SIRIUS Satellite Radio Inc. SIRIUS Begins Shipping Second Generation Chipsets Friday February 28, 1:43 pm ET Initial Order of 60,000 to be Used by Company's Satellite Radio Manufacturers for New Products NEW YORK, Feb. 28 /PRNewswire-FirstCall/ -- SIRIUS (Nasdaq: SIRI - News), the premier satellite radio broadcaster and only service delivering uncompromised coast-to-coast music and entertainment for your car and home, today announced that its chipset maker, Agere Systems, has started shipping the satellite radio company's second-generation chipsets to SIRIUS radio manufacturing partners. (Logo: newscom.com ) An initial order of 60,000 chipsets has begun shipping to Kiryung Electronics of Seoul, Korea, a major supplier to the radio industry, and a major supplier to SIRIUS receiver partners. The chipsets will be used in SIRIUS satellite radios scheduled to be on store shelves this spring. "This initial roll out of our new chipsets will help support our introduction of second generation SIRIUS satellite radios into the marketplace, including our 'Plug & Play' units," said Joseph P. Clayton, President & CEO of SIRIUS. "We are very pleased to be introducing this additional element to our growing product mix." The new chipset utilizes Agere's COM2H process technology to integrate all digital portions of the receiver circuitry, excluding memory, into a single chip. This reduces the receiver design dimensions to the size of a credit card, from that of a videocassette today. In addition to a dramatic reduction in size, the new chipset reduces required power by 50 percent and provides improved thermal performance.