sm_xm_logo.gifXM Satellite Radio announced operations results today and is conducting their conference call as we write.

Key Notes:

- Revenue of $1.1 Billion
- Subscribers of 9,027,000
- 3.5 million OEM installs in 2007 - over 1,000,000 installs in Q4 alone
- Lawsuits with labels over Inno settlements costs of $13,000,000
- Q4 revenue of $308 million
- Q4 loss of ($239) million
- Full year loss of ($682) million
- Merger and settlement charges were ($86) million including $36m To sound exchange - $30m to merger
- Gross subscriber additions of 1,130,000 (766,000 OEM and 364,000 retail)
- OEM conversion rate of 53.9%
- Churn rate of 1.72%
- ARPU of $11.71
- SAC of $87 - CPGA of $140

Position - Long XM