Ericsson and XM Satellite Removed from NASDAQ
The NASDAQ has announced that Ericsson and XM Satellite Radio Holdings will be removed from the one hundred company strong index. This is often the kiss of death for many companies although in the case of XM they have hope due to their merger with Sirius Satellite Radio. Or will XM bring Sirius down too? Only time will tell but I am betting against satellite radio.
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