a very good month for XM Satellite Holdings Inc. On April 1,
the company said it ended the first quarter with more subscribers
than it had expected and is on track to meet expectations for
full year 2002.
firm said it had more than 76,000 total subscribers compared
to its forecast of 70,000 at the end of the period ended March
31. According to XM, its goal for 2002 is 350,000 subscribers.
added over 48,000 subscribers in the first quarter, exceeding
its target by 15 percent, outpacing most Wall Street analyst
expectations," said Hugh Panero, XM's president and chief
executive, in a news release.
broadcasts 71 music channels and 29 information and entertainment
channels through two satellites orbiting directly over the United