NVSHSKR said:
I must have read this wrong.
"Sirius Satellite Radio Inc. reported Tuesday that its first quarter loss more than doubled, due largely to expenses of $225 million in stock-based compensation to its star shock jock Howard Stern. Revenue nearly tripled as the company expanded its subscriber base.
Sirius reported a net loss of $458.5 million, or 33 cents a share, for the January-March period compared with a loss of $193.6 million, or 15 cents a share, a year ago."
I think the key word in this is LOSS.
Here is the whole article.
http://www.forbes.com/technology/feeds/ap/2006/05/02/ap2713942.html
Here is one about Xm's losses.
http://biz.yahoo.com/ap/060503/xm_satellite_stock.html?.v=2
The article continues.....
On an earnings call with analysts, company officials said they had enough cash on hand to fund their current needs and expect to start turning a profit on a cash flow basis as soon as the fourth quarter of this year. Sirius also said its average cost for acquiring subscribers - a figure closely watched by investors - fell 41 percent to $113 in the quarter.
Investors liked what they heard, and sent Sirius's shares up 27 cents, or 5.8 percent, to $4.89 in active trading Tuesday morning on the Nasdaq Stock Market. However, the shares are still closer to the lower end of their 52-week trading range of $4.36 to $7.98.
Revenues rose to $126.7 million compared with $43.2 million in the same period a year ago as the company continued to build up its subscriber base.
Sirius said it had 4.1 million subscribers at the end of the first quarter, having added about 761,000 customers in the most recent period. The company said it now expects to have 6.2 million subscribers by the end of the year.
As for XM:
On Wednesday, a law firm filed a lawsuit in U.S. District Court for the District of Columbia on behalf of all persons who acquired the stock of XM Satellite Radio between July 28, 2005, and Feb. 15, 2006.
The lawsuit alleges the company misrepresented its ability to reduce the costs of new subscribers as it reached its goal of six million subscribers by the end of 2005. The law firm said that, despite XM's knowledge that it would be making expenditures in the fourth quarter to achieve the subscriber goal, the company failed to disclose to the market that these costs would help lead to increased losses