Tuesday, September 05, 2006
Subscriber Targets: XMSR Gets Letter From The SEC
XM Satellite Radio-XMSR faces informal SEC inquiry concerning subscriber targets (theflyonthewall.com 09/05 17:34:14)
On August 31, 2006, XMSR said it received a letter from the Staff of the Securities and Exchange Commission requesting that XMSR voluntarily provide documents to the Staff regarding our subscriber targets, costs associated with attempting to reach those targets, and related matters during the third and fourth quarters of 2005. These questions appear to pertain to matters similar to the issues underlying the previously disclosed securities litigation filed against us earlier this year. XMSR said it will cooperatefully with the SEC's informal inquiry.
9/05/2006 05:42:00 PM
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