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Strategies & Market Trends : Three Amigos Stock Thread

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To: JoeinIowa who wrote (24306)	3/23/2001 9:58:38 PM
From: Sergio H	Read Replies (1) of 29382

Joe, are you trying to piss me off or what? I don't care if you don't like the stocks I like, but... <Looked at SIRI. Are they really going to lose 500M next year and if so where is the money going to come from?> SIRI and XMSR are creating satellite networks. They have to spend money to create a product to sell. Product launch is in less than two months. So far they have ZERO sales. Financing? The answer is in front of your face, if you looked: NEW YORK, March 8 /PRNewswire/ -- Sirius Satellite Radio (Nasdaq: SIRI - news), the satellite radio broadcaster, today announced that it has received the proceeds of its $150 million credit facility provided by Lehman Brothers. Funding followed satisfaction of all closing conditions, including the demonstration of Sirius' broadcast system. biz.yahoo.com NEW YORK, Feb. 23 /PRNewswire/ -- Sirius Satellite Radio (Nasdaq: SIRI - news), the satellite radio broadcaster, today announced that it priced a public offering of common stock resulting in gross proceeds of $210 million to the company. The transaction is being underwritten by Lehman Brothers. Sirius will sell 10 million shares of its common stock at a public offering price of $21.00 per share, and has granted the underwriter an over-allotment option to purchase an additional 1.5 million shares of common stock. biz.yahoo.com <Whats BAH(buy and hold)? The last stock I held longer than 2 days was ...... uh..... > Is that good or what? Take care. Sergio

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