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XM Signs 30,000 Subscribers, ‘Car Potatoes’

XM Signs 30,000 Subscribers, 'Car Potatoes'

XM Satellite has more than 30,000 paying subscribers, and claims it is the fastest-selling audio product of the last 20 years.
President and CEO Hugh Panero made the announcement at the 2002 International Consumer Electronics Show
in Las Vegas.
He said the number of subscribers exceeded most Wall Street analyst year-end estimates.
“Will people pay for radio?” Panero asked. “The answer is a resounding yes … In fact, we have created the ‘car potato,’ people across the nation finding excuses to drive around to listen to XM or stuck sitting in their driveway listening to great music.
“Rather than being one year behind our competitor to market, we have a nine-month nationwide lead.”