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

To: Sirius_Rich who wrote (2749)	8/11/2006 6:05:53 PM
From: i-node	Read Replies (1) \| Respond to of 3386

Or just the offending party that tried to cover it up. At least Sirius came clean on the offense and named a few employees. Both made errors. Errors are different from intentional disregard of the regulations. There were certainly ambiguities in the testing process and I don't doubt that both companies took advantage of them. But intentional disregard is another matter. I'm not saying XM didn't do it, too -- but at this point, only Sirius has been implicated, and contrary to Mancini's absurd rambling, XM has been far more "transparent" than Sirius has on the issue. Remember, Sirius officers have publicly lied no fewer than three different times on this subject -- first, denying they had a problem at all during the Q1 CC; a couple weeks later, admitting there "was a problem, but already fixed it" at an investor conference, and finally, pulling hardware from the market for noncompliance. XM received the communication from FCC and the next week disclosed it in an 8K filing as well as in their quarterly CC. Now, they filed another 8K explaining where they stand. Sirius has yet to state publicly what its situation is, OTHER than to claim they have approval on a few of their receivers. Transparency, my ass.

To: Sirius_Rich who wrote (2749)	8/11/2006 8:15:03 PM
From: pcstel	Read Replies (1) \| Respond to of 3386

Or just the offending party that tried to cover it up. At least Sirius came clean on the offense and named a few employees. Both made errors. Well, it appears that one of the offending parties is back in business with 90% of it's radios back in production. While the other party appears to have the web of investigation widening around it. The one thing that everyone on both sides should understand.. Both of these companies now have a "monkey on their backs". And that monkey is your friends at the NAB. They are going to be making damn well sure that every model that comes out of a box is within the limits from now until the cows come home. So let's take a look back. It was June 20th when SIRI received it's "non-compliance" letter directly from the FCC. It took them ~50 days to get their devices redesigned and compliance acceptance granted by the FCC. As the scope is now increasing for XM. 50 days would bring it until the end of September first of October to start manufacturing again. Three weeks to get the units built and the distribution pipleine filled brings us to the end of October. That's IF they can get this resolved in the 50 day period that SIRI managed. I can see those popsicle's that the Good Humor man just delivered are going to need replaced again real soon. That 7.7 million figure may start to look like the HIGH end of guidence, instead of the low end. And so it goes, PCSTEL