http://today.reuters.com/news/articleinvesting.aspx?view=CN&storyID=2006-08-11T182002Z_01_N11412618_RTRIDST_0_MEDIA-XM-FCC-UPDATE-1.XML&rpc=66&type=qcna
XM Satellite Radio Holdings Inc. (XMSR.O: Quote, Profile, Research) on Friday said U.S. regulators have requested additional information on its radio receivers that also contain FM transmitters. XM and rival Sirius Satellite Radio (SIRI.O: Quote, Profile, Research) in recent months have instructed some of their manufacturers to stop making radios equipped with wireless transmitters. Such radios are capable of receiving satellite signals and transmitting them to traditional radios. XM, which was originally contacted by the FCC in April, said the FCC on Aug. 7 requested information on the company's Sportscaster, Roady XT, MyFi, Airware, Tao and Roady 2 devices. XM said it has requested its manufacturers suspend production of these units. It plans to "respond promptly" to the FCC request. "We are completing the necessary design or installation modifications, as appropriate, and conducting additional testing for XM radios to meet applicable FCC requirements," the company said in a statement. "We expect to obtain new certifications for modified XM radios on an expedited basis." XM reiterated that it does not know if the FCC-related issue will have a material impact on its business. Sirius said on Thursday that two of its radio manufacturers had resumed making and distributing radios previously found not to meet federal rules. Sirius said the manufacturers got new grants of authority after the FCC confirmed the devices were in compliance. Shares of XM slipped 40 cents, or 3.7 percent, to $10.77 in afternoon trading, while Sirius shares eased 2 cents to $3.75, both on Nasdaq. Reply with a "Thank you" if you liked this post. _____________________________ MEDIANEWS mailing list [email protected] To unsubscribe send an email to: [EMAIL PROTECTED]
