Sirius Up 6% on 6.02 Million Subscribers and Free Cash Flow
Sirius Satellite Radio (SIRI) said that it finished 2006 with 82% more subscribers than in the previous year, in-line with the company’s recently lowered projection. It grew from 3.3 million subscribers in 2005-end to 6.024 million subscribers at the end…
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Sirius Satellite Radio (SIRI) said that it finished 2006 with 82% more subscribers than in the previous year, in-line with the company’s recently lowered projection. It grew from 3.3 million subscribers in 2005-end to 6.024 million subscribers at the end of 2006. SIRI shares are up over 5%at $3.76 pre-market.
This is within the company’s Dec. 4 forecast of 5.9 million to 6.1 million subscribers. Sirius also noted that it expects to report its first quarter of positive free cash flow in the quarter, a milestone.
The New York Times recapped on Monday the advantages of a merger for the two companies, and we commented on this a ways back too. This potential merger talk is getting long in the tooth.
Jon C.Ogg
December 3, 2006
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.