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

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To: pcstel who wrote (2228)2/17/2006 4:50:51 PM
From: DaveMG  Read Replies (2) of 3386
 
Thanks for getting me to focus more specifically on churn.

I think you're confusing the issue with the specific acounting of CPGA and SAC.

And they're disclosing very clearly on the 8K how many promo subs there are etc..

At 20 million subs if churn were to remain the same it would become almost impossible to grow although if costs remained relatively constant at around 1 billion the the co could still make on the order of a billion/yr.
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