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Delphi, XM Introduce New Satellite Radio Receiver

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Officials from Delphi Corp. [DPH] and XM Satellite Radio [XMSR] will introduce the new Delphi XM “Roady2” plug-and-play satellite radio receiver at the 2004 Home Entertainment Show in New York this weekend. The Roady2 is, according to officials, on average four times smaller than competing plug- and-play models. It also has a built-in wireless FM adaptor for easy connection to any car or home radio. The Roady2 is also the first receiver to display up to 20 customized stock quotes. The suggested retail price was not unveiled.

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