"While the retail market continues to be an important driver of our growth, the recent softness in this market underscores the validity of XM's automotive-centric strategy," XM said in a statement Tuesday.
Last week, XM said it expected auto partner Honda (HMC Quote) to factory-install 650,000 radios in its 2007 model year vehicles, up from 550,000 in 2006. Sirius shares fell 28 cents to $3.89 and XM was down 28 cents to $14.33 in late afternoon trading Tuesday.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,501.05 | 1,114.11 | 2,212.10 | 35.88 |
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