| Business Summary | | XM
Satellite
Radio
Holdings
is
a
development
stage
company
that
seeks
to
become
a
premier
nationwide
provider
of
audio
entertainment
and
information
programming.
The
Company
owns
one
of
two
FCC
licenses
to
provide
a
satellite
digital
radio
service
in
the
United
States.
It
plans
to
transmit
its
XM
Radio
service
by
satellites
to
vehicle,
home
and
portable
radios.
The
Company
will
offer
a
wide
variety
of
music,
news,
talk,
sports
and
other
specialty
programming
on
up
to
100
distinct
channels.
The
Company
expects
to
begin
commercial
operations
by
summer
of
2001. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | XM
Satellite
Radio
Holdings
is
developing
an
audio
entertainment
and
information
programming
service
that
offers
customers
up
to
100
channels
of
programming
transmitted
from
the
Company's
satellites
to
vehicle,
home
and
portable
radios.
For
the
six
months
ended
6/30/01,
the
Company
reported
no
revenues.
Net
loss
applicable
to
Common
totaled
$87
million,
up
from
$21.5
million.
Higher
loss
reflects
increased
personnel,
facilities
and
marketing
expenses. | More
from
Market Guide: Significant
Developments |
| | | Hugh
Panero,
Pres./CEO Gary
M. Parsons,
Chmn. Heinz
Stubblefield,
Sr. VP/CFO Joseph
M. Titlebaum,
Sr. VP/Counsel/Secy. | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
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