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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (159944)	2/4/2003 1:08:37 AM
From: tejek	Read Replies (1) \| Respond to of 1588047

SIRI is debt free but has been heavily diluted to get that way -- they have 1.2B shares outstanding, where XMSR has a fully diluted 260M and a lot (600M+) 14% debt. But XM has 400k subscriptions, where SIRI has 30K. XM has enough money to get to break even, SIRI is damned near broke right now, but they've got OPPY behind them, so they may be able to come up with more dough. Thanks for the SIRI analysis.....some of which I knew but you put it all together very well. I will stick with XMSR. Of course, the key with XMSR is reaching cash flow breakeven by 2004. That's a major challenge considering their monthly burn rate is approx. $33 million. Do you think they will make it? Their margins are nearly non existent and they actually are burning more money now with revenues than they did when they did not have revenues. Obviously, my question is more rhetorical but I really do wonder what's going to change that will get them to a viable state. ted