The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward - looking statements : • we face substantial competition and that competition is likely to increase over time ; • our business depends in large part upon automakers ; • general economic conditions can affect our business ; • failure of our satellites would significantly damage our business ; • our ability to attract and retain subscribers at a profitable level in the future is uncertain ; • royalties for music rights may increase ; • failure to comply with FCC requirements could damage our business ; • the unfavorable outcome of pending or future litigation could have a material adverse effect ; • rapid technological and industry changes could adversely impact our services ; • failure of third parties to perform could adversely affect our business ; • changes in consumer protection laws and their enforcement could damage our business ; • interruption or failure of our information technology and communication systems could negatively impact our results and brand ; • if we fail to protect the security of personal information about our customers, we could be subject to costly government enforcement actions or private litigation and our reputation could suffer ; • we may from time to time modify our business plan, and these changes could adversely affect us and our financial condition ; • our substantial indebtedness could adversely affect our operations and could limit our ability to react or changes in the economy or our industry ; • our broadcast studios, terrestrial repeater networks, satellite uplink facilities or other ground facilities could be damaged by natural catastrophes or terrorist activities ; • electromagnetic interference from others could damage our business ; • our business may be impaired by third - party intellectual property rights ; • Liberty Media Corporation has significant influence over our business and affairs and its interest may differ from ours ; and • our net operating loss carryforwards could be substantially limited if we experience an ownership change as defined in the Internal Revenue Code . Additional factors that could cause our results to differ materially from those described in the forward - looking statements can be found in our reports filed with or furnished to the SEC and available at the SEC’s Internet site (http : //www . sec . gov) . The information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this communication . Disclaimer on Forward - Looking Statements