Re: XM Radio in trouble?

["Aaron 'Bishop' Read" <aread@speakeasy.net>]

At 10:09 PM 3/19/2002, Brian Vita wrote:
>Anyone hear any further comment on the report in All Access
>(http://www2.allaccess.com) about XM radio's auditors saying that there is
>substantial doubt as to its ability to continue as a going concern.
>
>I can't see CC walking away from this investment that easily.
>
>Brian Vita, President

More importantly...I can't see any investor walking away from this type of 
investment at this stage of the game.  Even if the burn rate is 
hideous...which from what I hear it is not...the service JUST started and 
they're still racking up new subscribers.  It's like being in the lead 
after 490 (of 500) laps and then deciding to call it quits.


______________________________________________
Aaron "Bishop" Read       aread@speakeasy.net
Fried Bagels Consulting   www.friedbagels.com
12 Walnut St. / Waltham, MA / 02453