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Technology Stocks : CDRD (CD Radio)
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To: redbeardog who wrote (179)8/15/1997 9:30:00 AM
From: Candle stick   of 904
 
how about this from the 10Q out today:
(emphasis added)

CD Radio Inc. was founded in 1990 to pioneer and commercialize a
compact disc quality, multi-channel radio service broadcast directly from
satellites to vehicles and is in its development stage. The Company's principal
activities to date have included technology development, pursuing regulatory
approval for CD Radio, market research, design, development, contract
negotiations with satellite and launch vehicle contractors, technical efforts
with respect to standards, and securing adequate financing for working capital
and capital expenditures. The Company does not expect to derive any revenues
from operations prior to the commercial launch of CD Radio, which is expected
to occur no earlier than the end of 1999. The Company has incurred substantial
losses to date and expects to incur substantial losses until at least a year
after the commercial launch of CD Radio. The Company will require substantial
additional capital to complete development and commence commercial operations.
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