twice connect
careers

Sirius XM Receives Potential Delisting Notice

9/18/2009 10:56:33 AM Eastern

New York - Sirius XM Radio
said it received notice from the Nasdaq Stock Market on Sept. 15 that its common
stock had closed below $1.00 per share for 30 consecutive business days, which
could lead to delisting.

The company said it intends to avoid being delisted and will
consider available options. Sirius XM also noted it received approval by
shareholders in May to enact a reverse stock split, which would put the company
back into compliance with Nasdaq rules and avoid delisting, it said.

The company's board of directors has the authority to enact the
reverse stock split at any time prior to June 30.

According to Nasdaq rules, Sirius can regain compliance if at any
time by March 15, 2010, its common stock closes at or above $1.00 for 10
consecutive business days.

PHOTOS
ProSource Meeting Filled With Optimism

San Antonio — Optimism reigned at ProSource’s

Ingram Draws 500 To Spring Vendor Expo

Scottsdale, Ariz. — Ingram Micro Consumer

CEA Holds ’14 Digital Patriots Dinner

Washington — CEA held its annual Digital Patriots’

8 Technology Accessories For a Greener Earth

An Earth Day review of Earth-friendly products, by

BrandSource Shows Diverse Product Selection

BrandSource’s Summit show at the Marriott World

Scenes From Toy Fair

By Lisa Johnston

ADL Honors Morales, Bilas, Paull, Weedfald At Annual Dinner

New York — The Anti-Defamation League’s National