XMSR not in compliance - Could be good for SIRI

[aiki14]

FCC says satellite not in compliance and FTC set to investigate company activities. And they announce 2x revs but increased loss 1q yr to yr.
Could be good for SIRI

[Mad Girl Investor]

Lets hope, SIRI is hurting me.

[mhertz]

any bad news for XMSR is good news for SIRI!

[mhertz]

On April 25, 2006, we received a letter from the Federal Communications Commission stating that its Office of Engineering and Technology Laboratory has tested the Delphi XM SKYFi2 radio and has determined that its transmitter is not in compliance with the applicable emission limits. The letter seeks information from us regarding the testing, emissions and other matters relating to this radio. We are conducting an internal review, and anticipate responding to the letter shortly and cooperating fully.

Also on April 25, 2006, we received a letter from the Federal Trade Commission stating that they are conducting an inquiry into whether our activities are in compliance with various acts, including the FTC Act, the Telemarketing Sales Rule, the Truth in Lending Act and the CAN-SPAM Act. This letter requests information about a variety of our marketing activities, including free trial periods, rebates, telemarketing activities, billing and customer complaints. We are conducting an internal review of these matters, and anticipate responding to the letter shortly and cooperating fully with this investigation.

[Mad Girl Investor]

this really doesnt sound good for them. yikes.

[Mad Girl Investor]

ruh roh...down over 6% on wider than expected losses.

[mhertz]

unfortunately it looks like XMSR maybe pulling down SIRI a bit.

XMSR down 9%, SIRI down 2%