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Technology Stocks : XM Satellite Radio Holdings Inc. (XMSR)
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To: RKHIII who wrote (251)1/24/2002 8:57:42 AM
From: i-node  Read Replies (1) of 3386
 
This was full of good news. Most notably:

- A $26M charge to writeoff the cost of repeaters that weren't needed. The ongoing cost of operating repeaters is going to end up being far less than anticipated.

- They actually generated ad revenue, and it was half of the total! Strange, but if this is ANY indication at all, the ad revenue will far exceed what I was expecting.
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