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Technology Stocks : XM Satellite Radio Holdings Inc. (XMSR)

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From: kovachs12/3/2006 10:24:32 PM
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I'm too lazy to do this, but someone could look up Karmazin's comment from sometime earlier this year where he stated that the "Stern effec" lasted forever because Stern was always bringing more money in year after year on terrestrial and that he expected the same on satellite.

Now, Karmazin comes out and doesn't even want to talk about the Stern effect. Instead he wants to talk about the other channels. I still say Sirius misses guidance this year. The only question is by how much and how large their CPGA and SAC are.
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