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Tuesday, August 22, 2006

Most Actives: XM & Sirius

We have been constantly reminding the satellite radio providers that they have to do more than they have been doing to reward shareholders. This morning analyst Robert Peck of Bear Stearns is doing part of XM Satellite Radio's (XMSR) job for them, and it is even spilling over to Sirius Satellite (SIRI) as well.

This morning in a seachange call, he raised his Underperform rating all the way upo to an Outperform as he thinks the bad news has come to an end. The note also suggests that the street has been focusing only on the negatives. The pending FCC approval for the new devices, the new marketing efforts, and the strong demand are all cited as reasons for an improved fouth quarter.

While this report highlights more benefits that XM has over Sirius, both shares are up on the day. XMSR is up 9.8% to $12.34 and SIRI is up 2% at $3.08.

Jon C. Ogg
August 22, 2006

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