XM Satellite Radio Added to NASDAQ-100 Index
XM Satellite Radio Added to NASDAQ-100 Index WASHINGTON, Dec. 10 /PRNewswire-FirstCall/ -- XM Satellite Radio (NASDAQ:XMSR), the nation's leading provider of satellite radio with more than 2.5 million subscribers, today announced that XM has been added to the NASDAQ-100 Index, effective at the beginning of trading on Monday, December 20, 2004. (Logo: http://www.newscom.com/cgi-bin/prnh/20000724/XMSATLOGO ) The NASDAQ-100 Index is composed of the 100 largest non-financial stocks listed on the NASDAQ Stock Market based on market capitalization. Shares of XM also will be included in The NASDAQ-100 Index Tracking Stock (AMEX:QQQQ). "We are honored to be included in the NASDAQ-100 and listed among the leading technology companies in the world," said Hugh Panero, President and CEO of XM Satellite Radio. "This is a significant milestone for our company and a testament to the extraordinary work of our people who have made XM the market leader in satellite radio." The NASDAQ-100 Index, launched in 1985, represents the largest non- financial companies listed on The NASDAQ Stock Market based on market capitalization. Index securities are ranked by market value and evaluated annually to determine which securities will be included. The NASDAQ-100 Index Tracking Stock represents ownership in the NASDAQ-100 Trust and is designed to provide investment results that generally correspond to the price and yield of the NASDAQ-100 Index. About XM Satellite Radio XM is America's #1 satellite radio service with more than 2.5 million subscribers. Broadcasting live daily from studios in Washington, DC, New York City and Nashville at the Country Music Hall of Fame, XM's 2004 lineup includes more than 130 digital channels of choice from coast to coast: 68 one- hundred-percent commercial-free music channels, featuring hip hop to opera, classical to country, bluegrass to blues; more than 40 channels of premier sports, talk, comedy, children's and entertainment programming; and 21 channels of the most advanced traffic and weather information for major metropolitan areas nationwide. XM was named Best Radio Service at the 2004 Billboard Digital Entertainment Awards. Popular Science recently chose XM products for two prestigious "Best of What's New 2004" Awards. As the Official Satellite Radio Network for Major League Baseball (MLB) and the Exclusive Satellite Radio Service for NASCAR, as well as the Official Satellite Radio Service for ACC, PAC-10 and Big-10 collegiate football and basketball, XM Satellite Radio is the industry leader in sports radio programming, offering thousands of live sporting events each year. XM, the leader in satellite radio for the automobile market through partnerships with General Motors and Honda, among others, is available in more than 110 different car models for 2005. XM also is available in Avis rental cars and will soon be available on JetBlue and AirTran Airways. Additionally, consumers can experience XM over the Internet through XM Radio Online at http://listen.xmradio.com/. For more information about XM hardware, programming and partnerships, please visit http://www.xmradio.com/. Factors that could cause actual results to differ materially from those in the forward-looking statements in this press release include demand for XM Satellite Radio's service, XM's dependence on technology and third party vendors, its potential need for additional financing, as well as other risks described in XM Satellite Radio Holdings Inc.'s Form 10-K filed with the Securities and Exchange Commission on 3-15-04. Copies of the filing are available upon request from XM Radio' s Investor Relations Department. Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000724/XMSATLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com Source: XM Satellite Radio CONTACT: Investor Contact: Gary Tiedemann, +1-202-380-4010, gary.tiedemann@xmradio.com, or Media Contact: Chance Patterson, +1-202-380-4317, chance.patterson@xmradio.com, both of XM Satellite Radio Web site: http://www.xmradio.com/ http://listen.xmradio.com/ ------- Profile: International Entertainment
0 Comments:
Post a Comment
<< Home