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Monday, July 24, 2006

Most Actives: XM vs. Sirius

XM Satellite radio (XMSR) is up today after creating the role of President and CCief Operations Officer. It was filled by telecom industry executive Nate Davis.

If you can summarize a man's life into a few words, here goes: Nate Davis is a seasoned telecommunications executive, having served in senior management roles at XO Communications, Nextel and MCI. He was President and COO of XO Communications from late 1999 through early 2003. During his tenure, XO became a $1.38 billion integrated communications provider offering voice, data, internet access, and web hosting services to all segments of the business market. He holds an MBA from the Wharton School at the University of Pennsylvania, his Masters in Engineering Computer Science at the Moore School at Penn, and a Bachelors of Engineering from Stevens Institute of Technology in New Jersey.

XMSR is up over 1.5% at $11.38, but Sirius (SIRI) is down 0.7% at $3.87. 24/7 Wall St. has been highly critical of both XMSR and of SIRI in their performance and their ability to do more for shareholders. Both companies have to do another "wow-factor" event, or at least they need to do much more than what they have done this year. We'll see if this guy can work magic, but for now the verdict is out. It is pretty hard to bring in satellite media moguls whose operational background is driving subscribers and fixing the supply problems around satellite radios since there are only two companies that have experience in this. The street is welcoming him today, and only time will determine if this was a good fit or a bad one.

Jon C. Ogg
July 24, 2006
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