[BC] and now, more trouble...

[Tom Bosscher]

Bill Sepmeier wrote:
	Hey Bill, I'm just a high school graduate, but here is what I see:

> 
> XM's loss narrowed to $146.6 million, ... (per quarter)
> Revenue totaled $125.5 million,   (per quarter)
> its total users to 4.4 million

To my math, they need ~ 146 million more per quarter to break even right?

12.95/month times three months equals $ 38.85.

	Divide $ 38.85 into 146 million, comes to about 3.75 million subs. So 
they now have to almost double, thats double the number of subs, just to 
break even. Not counting paying back the investors.

	And my biggest question, are these numbers the total "ACTIVE' money 
paying subscribers? When the VP turns in his leased vehicle, and the 
auction buyer does not opt in for satellite, is that number dropped from 
the count? (I'm sure they are adding his new lease as a new sub, but he 
is not really).


	Just a high school putz

	tom bosscher