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Technology Stocks : Sirius Satellite Radio (SIRI)
SIRI 21.09+2.9%Jan 5 3:59 PM EST
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To: Esoteric1 who wrote (1045)11/11/2004 11:10:09 AM
From: i-node   of 8420
 
>>> I doubt that would be a problem for Sirius at this point since they just raised a hefty sum as per the conference call:

They have raised "hefty sums" 6 times in the last 18 months. Now, they have $800M cash, but they're burning it fast. They've burned $320M in the first 3 Qs of '04. Will burn another $100M in Q4. And that's before they spend a nickel on Stern.

$800M cash is nothing at the rate they're burning it. CFBE is in '08. At this rate, they have enough cash to get to the end of '06.
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