The only qeustion I have is what takes them so long?
XM introduces MP3 product
Jeff Clabaugh
Staff Reporter
XM Satellite Radio's latest bid to lure listeners is a handheld receiver that includes an MP3 player.
The device, called XM2go, isn't cheap. It will list for about $400, and is made by Pioneer. It receives XM's satellite delivered programming, and plays MP3 files. It also has a time-shifting memory that allows it to store and play back XM content, and has a full color display and a built in transmitter than can send its XM signal to any FM radio.
Sirius introduced its own MP3 capable receiver, called the S50, before the end of the year and in time for the holiday shopping season.
Separately, XM also introduced a new receiver called the Passport. Made by Audiovox, the Passport can be plugged into docking stations for car and home receivers. It is just 1.7 inches long and 1.3 inches wide, 40 times smaller than the original trunk-mounted receivers XM introduced four years ago.
Sirius Satellite (NASDAQ: SIRI) has about 3 million subscribers. XM Satellite (NASDAQ: XMSR) has five million.