Sirius Satellite Radio (SIRI) Message Board

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Technology Stocks : Sirius Satellite Radio (SIRI)

SIRI 20.65

+1.0%

Dec 24 12:59 PM EST

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From: i-node	9/28/2006 2:46:50 PM
	Read Replies (2) of 8420

This issue seems to keep haunting Sirius. The 8-10% overstatement in SIRI's subscriber numbers just keeps coming up. I wonder if they shouldn't just bite the bullet and fix the problem. Over time, it will be less significant, but in the meantime, it taints the entire industry, since many people don't understand that XM's methods are more above-board. Sirius Satellite Radio may be overstating growth (theflyonthewall.com 09/28 12:34:15) According to an article in The Street, XM Satellite Radio (XMSR) and Sirius Satellite Radio (SIRI) have different measurements for newly-acquired customers. Sirius apparently pads its subscription numbers by counting unsold, satellite radio-equipped cars that are sitting in dealers' lots. To Sirius's credit, automakers usually pay Sirius up front for a year of radio service, so the company is actually getting revenue from these vehicles. XM Satellite Radio has been accused of using similarly tactics by counting subscribers that are on promotional plans, but XM supposedly delineates between the two categories in its quarterly filings. XM does not count vehicle-based subscriptions until a car has been purchased and the radio activated.

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