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6 million, or $1 Revenue was $5 to defer up to $200 million in payments Both companies broadcast radio from satellites to receivers usually mounted in subscriber's cars and Sirius Satellite Radio Inc Analysts were expecting a third-quarter loss of $1 XM said it hopes to see break-even cash flow by mid- to late 2004 56 a share, on revenue of $17,000, compared with a loss of $47 million, or $1 It did not provide the current number of employees Report Losses Nov 14, 6:43 PM EST NEW YORK (AP) â€â€? The two pioneers of the satellite radio business, XM Satellite Radio Holdings Inc Analysts expected a loss of $1 5 million New York-based Sirius, which launched its service in July, lost $108 million, or $1 , Thursday reported large third-quarter losses and difficulties in finding financing If Sirius doesn't complete its restructuring plan, it will need an additional $600 million of funding until its operations become self-sustaining XM's service launched in September last year 06 a share on no revenue last year 14 a share, on revenue of $1,000 32, down 73 cents or 24 percent, on the Nasdaq Stock Market 48 a share, according to Thomson First Call XM, said its third-quarter loss was $109 Satellite Radio Cos EST after-hours trading, the shares were down a further 16 cents At the end of last year, it had about 450 employees Sirius reported its results after the close of regular trading on the Nasdaq Stock Market, which saw its shares at 82 cents, down 7 cents XM also said is in talks with General Motors Corp 25 a share, according to Thomson First Call In that quarter, it lost of $65 million, or $1 m In 6 p The Washington-based company said it has cut 80 jobs It also expects to incur more expenses until it finishes restructuring its debt and equity Sirius expects its operating expenses to increase as it continues to expand and build its subscriber base That requires signing up about 3 million subscribers, which the company doesn't see for at least several years The company ended the quarter with 201,544 subscribers, up from 504 subscribers a year earlier and a 47 percent increase over the second quarter Shares of XM closed Thursday at $2 It now expects to break even with much fewer subscribers than it had previously forecast 26 a share Tickets start at $30 and go on sale Feb Clinton to Speak at Symphony Performance Feb 11, 4:03 PM EST Former President Bill Clinton will debut with the Arkansas Symphony Orchestra on the March 25 program "Let Freedom Ring," a celebration of the American spirit that pays tribute to the seven Columbia astronauts Clinton Presidential Foundation 24 through the ASO box office The orchestra will perform Gustav Holst's "Jupiter," the fourth movement of Holst's seven-movement suite "The Planets," to honor the astronauts who died when the space shuttle Columbia broke apart before landing on Feb Clinton will narrate Aaron Copland's "Lincoln Portrait," which includes excerpts from speeches by Abraham Lincoln, and will narrate "Let Freedom Ring," Alexander Miller's symphonic setting of the Rev " The one-night-only performance will benefit the Arkansas Symphony Orchestra and the William J 1 Foreman native Lawrence Hamilton, star of Broadway's "Ragtime," will make a special appearance in a program that includes George Gershwin's "An American in Paris Martin Luther King Jr 's "I Have a Dream" speech |
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