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

To: HEXonX who wrote (3178)	1/31/2007 9:51:48 AM
From: HEXonX	Respond to of 3386

XM Extends Another Big Pact By Scott Moritz Senior Writer 1/31/2007 9:19 AM EST Click here for more stories by Scott Moritz XM (XMSR - Cramer's Take - Stockpickr - Rating) is extending another exclusive contract with a big auto partner. The Washington, D.C., pay-radio broadcaster says Toyota (TM - Cramer's Take - Stockpickr - Rating) has agreed to provide XM radios as factory-installed options in its vehicles until 2017. The renewed pact comes a day after Honda (HMC - Cramer's Take - Stockpickr - Rating) reupped its exclusive agreement with XM until 2016. "We're pleased to extend our agreement with Toyota through 2017, making XM available as the sole provider of factory-installed satellite radio for one of the world's largest and most successful auto manufacturers," XM president Nate Davis said in a press release Wednesday. In addition to Toyota and Honda, XM has exclusive contracts with GM (GM - Cramer's Take - Stockpickr - Rating), Nissan, Hyundai and Porsche. Satellite radio rival Sirius (SIRI - Cramer's Take - Stockpickr - Rating) has partnered with Ford (F - Cramer's Take - Stockpickr - Rating), DaimlerChrysler (DCX - Cramer's Take - Stockpickr - Rating), Volkswagen, BMW and Kia. XM shares were up 15 cents to $14.05, and Sirius was unchanged at $3.71 in premarket trading Wednesday.