Sirius XM Radio SIRI today announced that it will be added to the NASDAQ-100 Index effective July 15, 2011. SiriusXM's common shares will also be included in the PowerShares QQQ exchange traded fund.
"We are pleased to be included in the NASDAQ-100 Index," said Mel Karmazin, Chief Executive Officer, SiriusXM. "Inclusion in the index highlights the growth of our business and the substantial improvements in revenue, cash flow, and market value we have seen over the past two and a half years," added Karmazin.
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