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RadioShack AO Message Board

  • timberlandko timberlandko Sep 25, 2002 5:18 PM Flag

    DirecTV subscriber growth slows

    Another RS anchor seems to be dragging the bottom. Its gonna take one helluva lot of $20 ZipZap toys to make up for declines in wireless and DTH sales. Where is the hope for Q4?

    " ... Update 2-Hughes Trims Subscriber View, Ups Cash Flow Outlook

    September 25, 2002 14:04:14 (ET)

    (Adds details, updates stock price, moves dateline from EL SEGUNDO, Calif.)

    NEW YORK, Sept 25 (Reuters) - Hughes Electronics Corp. (GMH,Trade) on Wednesday trimmed its third-quarter forecast for subscriber growth at its DirecTV U.S. unit, the largest U.S. satellite television service ...

    ... Analysts said their focus was on the lower forecast for net subscriber additions, the lifeblood for satellite TV companies, not the company's higher cash flow expectation.

    "The announcement is a disappointment," said Ladenburg Thalmann & Co. analyst John Stone. "You always want to see subscriber growth. The company doesn't get any credit for growing cash flow if it isn't adding as many subscribers. You want more subscribers because over time, you can add more services and get more revenue per customer ... "

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