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Technology Stocks : XM Satellite Radio Holdings Inc. (XMSR) -- Ignore unavailable to you. Want to Upgrade?

To: Sirius_Rich who wrote (2133)	1/30/2006 12:25:44 PM
From: sixty2nds	Respond to of 3386

Wachovia downgrades XM Satellite (XMSR 27.47) to Mkt Perform from Outperform as they believe flattish YoY OEM results in '06 puts too high a reliance on the retail channel to make '06 forecasts, which they think could drive higher than expected cost per gross addition and/or another miss of what appears to be aggressive guidance for '06 subs; valuation range $27-30.

To: Sirius_Rich who wrote (2133)	2/16/2006 11:41:47 AM
From: sixty2nds	Read Replies (1) \| Respond to of 3386

09:01 XMSR XM Satellite director writes letter to board, quits - SEC filing (25.25 ) -Update- Pierce J. Roberts, in a letter to the XMSR board, has resigned. From the SEC filing: "I have been troubled about the current direction of the company and do not believe that it is in the best interest of the company's shareholders. For some time I have made my analyses and observations known in an increasingly vociferous manner to the Board and a number of senior managers of the Company. I am not having any useful effect and I care too much and believe in my own views too much to just "go along". Given current course and speed there is, in my view, a significant chance of a crisis on the horizon. Even absent a crisis, I believe that XM will inevitably serve its shareholders poorly without major changes now. It is clear to me that I cannot be part of the solution and I will not be part of the problem."