As a Sirius stockholder, this pleases me. As far as losing millions, satrad is still paying off their costs of putting up satellites. SIRI is expected to have positive cash flows by the end of the year.
I always thought they leased channels on existing satellites like most of the other sat. services.
"As a Sirius stockholder, this pleases me. As far as losing millions, satrad is still paying off their costs of putting up satellites. SIRI is expected to have positive cash flows by the end of the year."
Do yourself a favor and sell on an up-tick. The 2 companies have similar products and business plans. Siri will experience the same problems as XM. Eventually it will be killed by Ipods, multimedia cell phones, and universal wifi access.
Besides the sats, it's also the up-front costs of subsidizing radio purchases.
That said, I know *very* few that have dropped satellite radio, once they have it. Most become raving fanatics, and one friend just picked up a subscription for a second radio, because his wife didn't like him taking the first one they had with him when he had to travel.