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

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To: pcstel who wrote (2731)7/26/2006 9:31:21 AM
From: i-node  Read Replies (1) of 3386
 
Fair enough. Things didn't play out as I expected; I've said that. Still, that does not invalidate the entire business model.

The added content cost as well as the out of pocket costs to renew the satellite infrastructure have taken a heavy toll; as did the Q4 expenses to counter Stern. And OEMs haven't ramped as quickly as one would like.

All of this stuff creates problems for the company and for the industry. But if the subscribers ultimately show up, the model is not broken. And I continue to believe they will.
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