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Technology Stocks : CDRD (CD Radio)
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To: John Gault who wrote (695)5/29/1998 9:25:00 AM
From: Candle stick  Read Replies (1) of 904
 
CD Radio's incremental cost of the expanded system is approximately $290 million, of which Loral has provided assistance in arranging $145 million of financing primarily through Bank of America.

Ahhhhh, just what a company with noe revenue or income needs, MORE DEBT............

....and what about Arienspace who was supposed to do the launch....CDRD had paid them many millions to insure a date. I guess that money is just lost, huh?
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