CEO rules out satellite radio
The chief executive officer of a major satellite radio company
has revealed that, despite discussions with Apple, the prospects
of a version of the iPod capable of receiving radio are remote
Mel Karmazin, CEO of Sirius Satellite Radio, claimed in at a
media conference in New York that he had been in discussion
with Apple CEO Steve Jobs over the possibility of adding the
ability to receive satellite broadcasts to the iPod. However,
Karmazin claimed, the discussions had ended with no commitment
"I've spoken to Steve Jobs," said Karmazin, "and [Apple's] current
thinking is that they don't need to put a satellite radio in
Read the full story: CEO rules out satellite radio iPod.
Washington-based XM Satellite Radio [XMSR] is searching for
a new chief financial officer to succeed Heinz Stubblefield,
44, who left to take a similar position with AHL Services Inc.
of Arlington, Va. Greg Cole, XM's treasurer, has been named
acting CFO during the search.
Stubblefield, who joined XM in 1998, helped in early development
and capital raising and expressed a desire to apply his skills
to another early- stage company, said XM President & CEO Hugh
Panero. XM is seeking a new CFO with extensive experience in
high growth, public companies to match XM's evolving needs as
it enters the its operating and market penetration phase, company
Russell Reynolds Associates is heading the search. At XM, Stubblefield
raised over $1.6 billion since July 1999 through ten successful
offerings, including an initial public stock offering (IPO)
of $123 million in October 1999.