UPDATE 1-XM Satellite reports wider loss, new chips coming

Newswire

(Adds details from conference call, stock price) WASHINGTON, July 23 (Reuters) - Satellite radio broadcaster XM Satellite Radio Holdings Inc. on Tuesday posted a wider net loss for the second quarter and said it would introduce its new generation of chips later this year. Washington, D.C.-based XM reported a net loss of $117.2 million, compared with a net loss of $38.5 million a year earlier. Its loss applicable to common shareholders was $122.4 million, or $1.38 per share, compared with ...

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