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This excerpt taken from the SIRI 10-Q filed Nov 1, 2007. Engineering, Design and Development. Engineering, design and development expenses include costs to develop our chip sets and new products and costs
associated with the incorporation of SIRIUS radios into vehicles manufactured by automakers.
We expect engineering, design and development expenses, excluding stock-based compensation expense, to continue to fluctuate based on the nature and timing of engineering, design and development activities. 29
This excerpt taken from the SIRI 10-Q filed Aug 9, 2007. Engineering, Design and Development. Engineering, design and development expenses include costs to develop our future generation of chip sets and new
products and costs associated with the incorporation of SIRIUS radios into vehicles manufactured by automakers.
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We expect engineering, design and development expenses, excluding stock-based compensation expense, to decrease, as the work required to initially incorporate SIRIUS radios and accessories in a significant number of additional vehicle models was completed in 2006.
This excerpt taken from the SIRI 10-Q filed May 10, 2007. Engineering, Design and Development. Engineering, design and development expenses include costs to develop our future generation of chip sets and new
products and costs associated with the incorporation of SIRIUS radios into vehicles manufactured by automakers.
For the three months ended March 31, 2007 and 2006, engineering, design and development expenses were $12,411 and $19,712, respectively, a decrease of $7,301. Excluding stock-based compensation of $1,006 and $7,033 for the three months ended March 31, 2007 and 2006, respectively, engineering, design and development expenses 28 decreased $1,274 from $12,679 to $11,405. This decrease of $1,274 was primarily attributable to a decrease in costs associated with the manufacturing of SIRIUS radios and OEM tooling and manufacturing upgrades, offset by increases in employment related costs. Stock-based compensation decreased $6,027 primarily due to the timing of third parties achieving certain production milestones. We expect engineering, design and development expenses, excluding stock-based compensation expense, to decrease, as the work required to incorporate SIRIUS radios and accessories in a significant number of vehicle models was completed in 2006.
This excerpt taken from the SIRI 10-K filed Mar 13, 2006. Engineering, Design and Development. Engineering, design and development expenses increased $5,986 to $30,520 for the year ended December 31, 2004 from $24,534 for the year ended December 31, 2003. The increase was primarily attributable to additional personnel-related costs to support research and development efforts and costs associated with OEM tooling and manufacturing upgrades in preparation for SIRIUS factory installations, offset in part by reduced chip set development costs.
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This excerpt taken from the SIRI 10-Q filed Aug 3, 2005. Engineering, Design and Development. Engineering, design and development expenses increased $11,802 to $23,448 for the six months ended June 30, 2005 from $11,646 for the six months ended June 30, 2004. The increase was primarily attributable to additional personnel-related costs to support research and development efforts, costs associated with tooling and manufacturing upgrades at DaimlerChrysler and Ford to support factory installations of SIRIUS radios, and product development costs for our next generation of products.
This excerpt taken from the SIRI 10-Q filed May 9, 2005. Engineering, Design and Development. Engineering, design and development expenses include the costs to develop our future generation of chip sets and new products and costs associated with the incorporation of SIRIUS radios into vehicles manufactured by automakers.
Engineering, design and development expenses increased $4,113 to $9,842 for the three months ended March 31, 2005 from $5,729 for the three months ended March 31, 2004. The increase was primarily attributable to additional personnel-related costs to support research and development efforts, and costs associated with tooling and manufacturing upgrades at DaimlerChrysler and Ford in preparation for SIRIUS factory installations. We expect our engineering, design and development expenses to increase in future periods as automakers continue their efforts to incorporate SIRIUS radios across a broad range of their vehicles and as we develop future generations of chip sets and new products and services. This excerpt taken from the SIRI 10-K filed Mar 16, 2005. Engineering, Design and Development. Engineering, design and development expenses decreased $5,553 to $24,534 for the year ended December 31, 2003 from $30,087 for the year ended December 31, 2002. The decrease was primarily a result of $8,134 paid to Panasonic in 2002 to release us from a radio purchase commitment and to reduce the factory price of SIRIUS radios. Excluding this one-time item, engineering, design and development expenses increased primarily as a result of costs associated with the incorporation of SIRIUS radios into vehicles manufactured by automakers, offset by a decrease in chip set development costs as we completed our first generation of chip sets.
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