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Sirius Exceeds Subscriber Targets

Sirius Satellite Radio said Tuesday that it already has exceeded its year-end goal of 3 million subscribers, adding about 9,600 new subs each day in the current quarter, an analyst said.

Tuesday's announcement helped shares of Sirius and its chief rival to buck a powerful downtrend Tuesday on Wall Street, where the Nasdaq and Dow Jones Industrial Average each dropped 1 percent, though Sirius shares were up 2.3 percent and XM Satellite Radio inched down slightly.

Sirius said that "it recently surpassed 3 million subscribers and expects a strong year-end." Sirius said it closed out the third quarter with 2.17 million subs.

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