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Technology Stocks : XM Satellite Radio Holdings Inc. (XMSR) -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (418)	11/26/2002 1:25:49 AM
From: pcstel	Respond to of 3386

I'm not familiar with any official pronouncement of FASB or its predecessor that sets out any such standards. If you point me to such a pronouncement, I'll stand corrected. It is simply an accepted practice, and one that analysts are used to seeing, or at least able to calculate via other metrics. And Churn means only one thing. There is no ambiguity in the term Churn. If I were making any financial presentation, I would not use these terms without a precise explanation in the Notes to Financial Statements as to how they were computed, because there is no official accounting meaning. Like this? Definitions of Terms Used ubiquitelpcs.com XM is, and should be, permitted to determine what comprises such costs -- and if they want to include 25% of marketing expense because they think the other 75% is more appropriately classified as the cost of building a brand, they are totally correct in doing so. And I should be permitted to determine that what they (XM) think comprises such costs is not even close to what other subscriber models consider normal. Total Subscriber Acquisition Costs lower than subsidies? PCSTEL That some pretty fancy book-keeping