DirecTV 3rd Quarter Earnings Call

[dfergie]

Chase Carry,:
3rd Qtr was a solid one... continued progress in a tough economy.
churn was impacted by the Bell South issues...
Hurricanes affected us...

 

[dfergie]

Pat: Solid Qtr. Revenues up 11%
About a million subs this year.
Direct sales had solid growth.
% of high quality subs increased this year...

 

[dfergie]

Churn may be a touch higher...
Strong growth in HD and Dvr Services, we added nearly 2x as many HD or advanced customers than comcast in the last qtr...

 

[dfergie]

Solid profitability qtr ...
better cost containment...
We now own and operate HSP's servicing over a third of the country...

 

[dfergie]

Nearing the completion of our HD satellite expansion plan that began 3 years ago...

 

[dfergie]

Chase:
We are looking forward to increasing our HD Content...
Demand for Directv is strong
NFL ST sales are strong..

 

[dfergie]

Now to questions...

 

[dfergie]

We feel great about our position in HD... our leadership can benefit us for years... by the end of the year we will have 88% of the HD local markets...

 

[tigerfan33]

I have a question Chase.

Why don't you expand OUR hd content??

 

[dfergie]

Talking about the MDU market...

 

[dfergie]

We feel very good about the strengths of the business, the HD Dvrs etc...

 

[Scott Greczkowski]

How many times has he said ... Umm....????

 

[dfergie]

Close to 50% of our customers will have an advanced product by years end...
Slingbox is just a "niche" technology...

 

[dfergie]

How many times has he said ... Umm....????

 

[Hemi 6.1]

How many times has he said ... Umm....????

About 1/2 as many times as Charlie says "SOON".

 

[dfergie]

Digital transition was pretty much blew off...

 

[dfergie]

Talking about HD receiver accessing HD DVR in another room...(end of 09 maybe)whole home experience... and beta testing for pc to dvr...

 

[dfergie]

End of call... nothing really earthshaking...

 

[Rey]

at what time is the call?

 

[dfergie]

replays will be available later today ...