Wednesday, November 15, 2006

SDARS Institutional Ownership

November 15, 2006

Institutional ownership, according to NASDAQ, came down for both Sirius and XM.

This in and of itself does not need to be a cause for alarm for investors. It is no secret that SDARS has not been a good performer this year in terms of share prices. With most institutions having an October year end, it could be beneficial to take the losses for the current year. Current institutional activity has been heavy since both Sirius and XM announced narrower losses for Q3.

Institutional ownership for Sirius as of 9-30-06 is 29% down from 32%

Institutional ownership for XM as of 9-30-06 is 82% down from 92%