XM Satellite Radio today announced that XM has been added to the NASDAQ-100 Index, effective on Monday, December 20, 2004.
The NASDAQ-100 Index is composed of the 100 largest non-financial stocks listed on the NASDAQ Stock Market based on market capitalization. Shares of XM also will be included in The NASDAQ-100 Index Tracking Stock.
Hugh Panero, President and CEO of XM Satellite Radio said,
"This is a significant milestone for our company and a testament to the extraordinary work of our people who have made XM the market leader in satellite radio."
NOTE: Sirius apparently made the NASDAQ-100 too, but no official announcement yet.
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