05-25-2004, 10:15 PM
who cares what the companies' respective stocks are worth? It doesn't mean they have any money.
XM has less than $400 million in cash and is losing over $300 million a year.
SIRI has $700 million in cash and is also losing over $300 million a year.
While their stocks might be worth billions, the companies only own a small fraction of that stock. XM owns like 10%
XM has less than $400 million in cash and is losing over $300 million a year.
SIRI has $700 million in cash and is also losing over $300 million a year.
While their stocks might be worth billions, the companies only own a small fraction of that stock. XM owns like 10%
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