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Technology Stocks : Sirius Satellite Radio (SIRI) -- Ignore unavailable to you. Want to Upgrade?

To: ALTERN8 who wrote (343)	3/28/2003 7:46:20 PM
From: ALTERN8	Read Replies (1) \| Respond to of 8420

Outgoing Sirius Satellite Fincl Chief Bought 55,000 Shrs DOW JONES NEWSWIRES WASHINGTON -- Sirius Satellite Radio Inc. (SIRI ) outgoing Executive Vice President and Chief Financial Officer John J. Scelfo purchased 55,000 shares of the company's common stock Tuesday and Wednesday, according to a Form 4 released Friday by the Securities and Exchange Commission. Scelfo bought the shares for prices ranging from 57 cents a shares to 73 cents a share. After the transactions, he directly owned 60,000 common shares and indirectly owned 14,138 common shares. As reported, Scelfo will be leaving the company effective April 7 for a position with an unnamed company. Sirius said Friday that it failed to meet the minimum bid price rule for continued listing on the Nasdaq National Market. Nasdaq told the company on March 20 that its common stock had closed below $1 a share for more than 30 consecutive trading days. Sirius said it has until Sept. 16 to regain compliance with Nasdaq's listing requirements. Shares of the company closed Friday at 67 cents, down 2 cents. -By Ben Siegel, Dow Jones Newswires; 202-628-7689 Updated March 28, 2003 5:51 p.m.