Jump to content

Welcome to DBSTalk

Sign In 

Create Account
Welcome to DBSTalk. Our community covers all aspects of video delivery solutions including: Direct Broadcast Satellite (DBS), Cable Television, and Internet Protocol Television (IPTV). We also have forums to discuss popular television programs, home theater equipment, and internet streaming service providers. Members of our community include experts who can help you solve technical problems, industry professionals, company representatives, and novices who are here to learn.

Like most online communities you must register to view or post in our community. Sign-up is a free and simple process that requires minimal information. Be a part of our community by signing in or creating an account. The Digital Bit Stream starts here!
  • Reply to existing topics or start a discussion of your own
  • Subscribe to topics and forums and get email updates
  • Send private personal messages (PM) to other forum members
  • Customize your profile page and make new friends
Guest Message by DevFuse


XM/GM Meet Ends on Positive Note

  • Please log in to reply
No replies to this topic

#1 OFFLINE   Steve Mehs

Steve Mehs

    Hall Of Fame

  • Banned User
  • 11,499 posts
Joined: Mar 21, 2002

Posted 17 September 2002 - 04:05 AM

General Motors and XM Satellite Radio held a meeting last week highlighting the rollout of the digital radio service by the auto giant, a gathering described by analysts as positive.

Said Armand Musey of Salomon Smith Barney, "We left this meeting with the impression that GM’s support for XM is significant." Musey also noted in a research piece that GM has invested $200 million and spent three years planning for the rollout of XM service.

Among the key items surfacing at the meeting: GM is supporting XM’s rollout with a "fast start" program that will last through November that includes a $325 equipment subsidy for automobile dealers and a $200 bonus given to sales personnel for each subscriber activated, as well as some consumer subsidies.

Musey said GM's support bodes well for XM, "and that a solid follow through from GM in 2004 and 2005 would validate XM's business model and our valuation." Despite the positive news, Musey said he expects XM shares to be weak in the near-term due to concerns about dilution from its next round of financing. XM shares are rated by Salomon Smith Barney as 1S (Outperform, Speculative) relative to the firm's satellite communications group.

From SkyReport (Used with Permission)
Friends Don't Let Friends Subscribe To: Verizon Landline, Verizon DSL, Verizon Fios Phone, Verizon Fios Broadband, Verizon Fios TV, Verizon Wireless or Verizion Wireless Mobile Broadband
Keep America Beautiful, Ban Verizon From Your Home!
Down With Verizon!

...Ads Help To Support This Site...

Protected By... spam firewall...And...