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Technology Stocks : XM Satellite Radio Holdings Inc. (XMSR)
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To: Sirius_Rich who wrote (2133)1/30/2006 12:25:44 PM
From: sixty2nds   of 3386
 
Wachovia downgrades XM Satellite (XMSR 27.47) to Mkt Perform from Outperform as they believe flattish YoY OEM results in '06 puts too high a reliance on the retail channel to make '06 forecasts, which they think could drive higher than expected cost per gross addition and/or another miss of what appears to be aggressive guidance for '06 subs; valuation range $27-30.
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