Video will be a big part of XM future, says Bitove

WHISTLER, B.C. – Canadian Satellite Radio CEO John Bitove said today that XM Canada sales are going "extremely well" and that the company will boost its subscriber guidance when it announces its first full quarter financial results in two weeks. In January, the company predicted that it would have 75,000 customers by the end of its fiscal year, August 31st, 2006. However, at an RBC Capital Markets conference this morning in Whistler, Bitove said that retailers ordered about 100,000 radio units before the Christmas holiday season and with sales going well, "we'll probably be revising our (subscriber) numbers," he said.(Bitove...