XM Satellite Radio Holdings Inc next week is expected to unveil a "wearable" device, marking the satellite radio industry leader's latest effort to woo audiences to the emerging format. A spokesman for Washington, D.C.-based XM declined to comment beyond saying a major product announcement was planned for Oct. 26 in New York with automotive parts and consumer electronics products maker, Delphi Corp. "XMSR is also likely to announce its wearable device next week. There is a good shot this 'Walkman' type device, in the near term, will differentiate XM's hardware from Sirius," a rival satellite radio system, said Kit Spring, analyst with Stifel, Nicolaus in a note for investors. He said such a device would "also get investors thinking about future combinations of IPOD/TIVO-like satellite radios, which would increase the value of the monthly subscription." A radio industry executive said the device was believed to be a satellite-radio receiver with headphones that also had a hard drive enabling users to download XM content.
