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XM adds 398,000 subs in 2q, falls short of expectations

rodneyho

rodneyho

From Allaccess.com:

XM SATELLITE RADIO says that it added over 398,000 new net subscribers in second quarter, giving the service 6.89 million subscribers at the end of the quarter. The number fell short of even the previously lowered estimates on WALL STREET.

Pres./CEO HUGH PANERO blamed the lower-than-projected numbers on "limited" product availability and "overall softness in the retail channel."
 
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