Wednesday, May 31, 2006

XM Working On FCC Compliance

May 31, 2006

Via Marketwatch

WASHINGTON (MarketWatch) -- XM Satellite Radio Holdings Inc. (XMSR) said Tuesday that it is working to bring devices designed to work with the XM system into compliance with the Federal Communications Commission's requirements.

In April, as reported, the company received a letter from the commission saying it had tested the Delphi XM SKYFi2 radio and determined that its FM modulator wireless transmitter "isn't in compliance with permissible emission limits."

In addition, Audiovox Corp. (VOXX), manufacturer of the Audiovox Xpress, a radio designed to work with the XM system, received a similar letter from the FCC and has suspended shipments of that product. The FCC in the letter cited Audiovox for non-compliant operating bandwidth specifications as well as related emission limits.

In a filing with the Securities and Exchange Commission Tuesday, XM Satellite said that it is "implementing a series of actions involving various radios to bring them into compliance, including requesting our manufacturers to suspend shipments to retail of radios or accessories that may require changes to operating or installation instructions, or modifications to software or hardware."

XM Satellite also said it will seek new equipment authorizations where appropriate, and it expects to provide additional information to the FCC shortly, including test results for several modified XM radios.

The company also said it is "working to limit the interruption in supply of certain models of XM radios to retailers."

"We can provide no assurances at this time that our actions will be deemed sufficient by the FCC, or that other remedies that may be required by the FCC will not have a material impact on our consolidated results of operations or financial position," it added.

Shares of the company closed Tuesday at $14.24 each.

SSG readers can see the story HERE

5/31/2006 10:01:00 AM

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