Manufacturers of Sirius Radio (SIRI) receivers that previously had to stop production of several models because of signal emissions the violated FCC standards have resumed production of two models, the company said yesterday. The models were designed to allow users the capability to use receive FM radio as well as receiving the subscriber programming offered by Sirius. This brings over 90% of Sirius radio models back into production. XM has its own ongoing FCC concerns, noted below.The news was met indifferently by investors and in late afternoon the stock is landing where it finished yesterday -- at $3.77 a share.
Michael Canfield is a private investor, a business and media writer, living in Seattle. He doesn't own stock in XM or Sirius.
Closing Bell: Economic Catapult for Thanksgiving & Black Friday (WMT, TGT, GRMN, GOOG, MSFT)
Deere up on Q4 earnings performance
Reid Hoffman: LinkedIn will go public (at some point)
Reader Comments (Page 1 of 1)
8-13-2006 @ 6:36PM
John Schlemecko said...
We feel that this company will be looking to buy out XM sat within the next 2 weeks....check out the company sources and latest news in more detail at the following site: thequackpit.com.