Originally Posted by
LittleTrader
pfft. Check this out.....
"Our business might never become profitable.
As of December 31, 2008 we had an accumulated deficit of approx 9.7 B
We expect our cumulative net losses to grow as we make payments under various contracts, incur marketing and subscriber acquisition costs and make interest payment on existing debt. If we are unable ultimately to generate sufficient revenues to become profitable and generate positive cash flow, either or both of the companies could default on their commitments and there is a risk that SIRI, XM, or both, would be unable to make the required payments on their respective indebtedness.
Demand for our services may be insufficient for them to become profitable.
We cannot estimate with any certainty whether consumer demand for the Sirius and XM service will be sufficient for us to continue to increase the number of subscribers to the services. Our satellite radio services have experienced a significant decrease in new subs from retail subs and most new subs growth has come from automakers, many of which have experienced recent and dramatic decreases in sales.
