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

To: Esoteric1 who wrote (1044)	11/11/2004 10:40:27 AM
From: Esoteric1	Read Replies (2) \| Respond to of 8420

"As of September 30th we had cash, cash equivalents, and marketable securities of $523 million and working capital of $402 million. Subsequent to the quarter’s end we received approximately $321 million in net proceeds from a 25 million share common stock offering and a $230 million offering of 3 1/4% convertible notes due 2011. The conversion price of the new convert is $5.30 per share. As a result of the recent financings we remain fully funded at free cash flow break even with a cushion that provides Sirius with considerable strategic flexibility. We continue to maintain the strongest balance sheet in the industry with no debt and an average interest coupon of only 3.9%." From the Raging bull board: Thanks Kknightmcc ! 11 Nov 2004, 10:36 AM EST I doubt that would be a problem for Sirius at this point since they just raised a hefty sum as per the conference call: