Holiday 2011 PPM Austin TX Greensboro Hartford CT Indianapolis IN Jacksonville FL Memphis TN Milwaukee WI Nashville TN Norfolk VA Providence RI Raleigh NC West Palm Beach Fall 2011 Quarterly Bluefield WV Casper WY Cheyenne WY Jackson TN Lawton OK Mankato MN Rapid City SD Sioux City IA Wichita Falls TX Abilene TX JB & Sandy Nikki Nite Rob Carson The Morning Show JD for the Ride Home Chris and Janeen Keith Mitchell The Breakfast Club Shane Collins Shroom Meat Brady & Rose John Tesh Miggy AJ Jennifer Lipp Dan Thomas Alex & Terri Stephen Michael Kerr Tom & Maria Steve Goddard Valentine Ryan Seacrest The Juice Crew John Magic

Sirius XM Radio said Wednesday that it had received a letter from NASDAQ stating that the company had not regained compliance with the $1.00 minimum closing bid price requirement for continued listing. The satcaster says it will request a hearing before a NASDAQ Listing Qualifications Panel to ask for continued listing pending its return to compliance.

"Sirius XM is one of the most liquid securities on the NASDAQ Global Select Market. We have a large investor base consisting of both individual and prominent institutional stockholders; and our equity capitalization is greater than approximately 92% of the companies listed on The NASDAQ Global Select Market. We are committed to remaining listed," said CEO Mel Karmazin.

Sirius XM has an equity capitalization of over $5.8 billion and an enterprise value of nearly $8.8 billion. In 2009, the company had revenue of over $2.5 billion. Over 3.7 billion shares of Sirius XM's common stock are available in the public float.

In addition, the NASDAQ OMX Group has announced that Sirius XM's common stock will be added to the NASDAQ Q-50 Index effective with the market open on March 22. The Q-50 Index is designed to track the performance of the fifty securities that are next in line to replace the securities currently included in the NASDAQ-100 Index. (03-17-10)

Menu | Contact Us | Subscribe | Advertise | Privacy Policy | About Us

Copyright © 1989-2012 RADIO ONLINE ® The publisher makes no claims concerning the validity of the information posted on RADIO ONLINE and will not be held liable for its use. No part of this material may be reproduced in any form, incorporated in any information retrieval system or otherwise redistributed without the prior written permission of the publisher.