Lehman Brothers says "Good In-Line Q1 Results"
May 1, 2007
Lehman Brothers: Good, In Line 1Q07 Results
Subscriber net adds above forecast while revenue was below forecast on below-expected ARPU.
Net of option expense EBITDA loss larger than est due to below-forecast revenue but operating expenses in line, reflecting financial discipline.
Expect stock to trade up as we believe investment community's focus remains on subscriber growth, but continue to believe shares will be range-bound over intermediate term as OEM acceleration is
2H07, 2008 story & merger uncertainty remains.
5/01/2007 10:07:00 PM
SSG Has Merged. You Can Read All Of The Latest SSG Content By Clicking Here
0 Comments:
SSG is not a Financial Advisor. Read Disclosure: HERE
--------------------------------------------------------
