August 26, 2006 |
XM Satellite Radio Holdings Inc. said the Federal Communications Commission had given it the go-ahead to sell three radio models after concerns about whether they met regulations. Shares of the subscription-based satellite radio provider rose as much as 9% after the Washington company said manufacturers could resume making the radios it described as key products. XM closed up 59 cents, or 4.6%, at $13.49.
October 4, 2005 |
XM Satellite Radio Holdings Inc., the biggest U.S. pay-radio service, added 617,000 subscribers in the third quarter, 48% more than it gained a year earlier, for a total of 5 million users. Including the additions in the third quarter, 1.8 million subscribers have signed up this year, Washington-based XM said. Sirius Satellite Radio Inc. has 2.1 million subscribers.
May 9, 2003 |
XM Satellite Radio Holdings Inc., the biggest satellite-radio service, said its first-quarter loss widened to $126.3 million because of higher costs to write down the value of assets. The net loss of $1.26 a share compared with a year-earlier loss of $112.3 million, or $1.56, the company said. Sales rose sevenfold to $13.1 million.
September 28, 2001 |
Shares in satellite radio broadcaster XM Satellite Radio Holdings Inc. fell almost 31% on heavy volume after the company said a flaw in the two satellites at the heart of its newly launched service could cause them to be retired ahead of schedule. The decline in XM shares was the largest single-day loss since the company went public in October 1999 and took the shares from an opening price of $6.28 to a session low of $4.02 before closing at $4.30 on Nasdaq, down $1.90.
August 26, 2005 |
Sirius Satellite Radio Inc., the No. 2 U.S. pay-radio company, will begin selling its first portable device to compete with larger rival XM Satellite Radio Holdings Inc. and products such as the iPod. The Sirius S50, which will be available for $359.99 in October, will store and play back as many as 50 hours of radio or music files, New York-based Sirius said. The device, about the size of a deck of cards, can be strapped on an arm or clipped to a belt.
February 11, 2005 |
XM Satellite Radio Holdings Inc., the largest U.S. pay-radio company, said its quarterly loss widened as it boosted spending on programs and marketing. Sales surged as it lured 65% more subscribers than a year earlier. The fourth-quarter net loss was $188.2 million, or 93 cents a share, compared with a loss of $162.9 million, or $1.12, a year earlier, Washington, D.C.-based XM said. Revenue more than doubled to $83.1 million, helped by holiday sales. XM Satellite shares rose 50 cents to $31.