Monday, November 06, 2006

XM WOWS the Street

November 6, 2006

XM Satellite Radio announced this morning that they have narrowed their loss, and beat the street in an impressive manned turning in a loss of just 32 cents per share. Surely many analysts, as well as myself will be adjusting models going forward.

Great news for XM Satellite Radio as well as the sector!!!!

This was truly an impressive financial metric for XM. The narrower loss coupled with strong guidance on CFBE should prove to be the metrics of the day. The impressiveness of this will also be the focal point of the street.

XM Satellite Radio demonstrated clearly that their business model is sound.

We anticipate a very positive call. The financial positives will give XM the confidence to address any and all issues on the call. We look to see the street respond accordingly, and the PPS to see marked appreciation throughout the day, and perhaps an end to the downtrend XM and the sector has seen of late.

We will have further commentary on the call during the day, but wanted to take a moment to congratulate XM on a fantastic quarter.