Replies to post #1705 on Sirius XM Holdings Inc (SIRI)

[CashMoneyMillions]

What do you guys think a merger would do for the stock, if the two companies had about the same amount of subs which will probably happen in 2007 I think. I think sirius can catch up next year, not sure about a merger for awhile though

[HowsMusic4U]

Space Systems/Loral to Design and Build Additional Satellite for SIRIUS
SIRIUS Reaffirms Free Cash Flow Guidance

NEW YORK, June 8 /PRNewswire-FirstCall/ -- SIRIUS Satellite Radio
(Nasdaq: SIRI) announced that it has entered into an agreement with Space
Systems/Loral, a subsidiary of Loral Space & Communications (Nasdaq: LORL),
for the design and construction of a new satellite that will be one of the
most advanced and powerful communications satellites ever built.
(Logo: http://www.newscom.com/cgi-bin/prnh/19991118/NYTH125 )
Construction of the satellite is expected to be completed in the fourth
quarter of 2008. SIRIUS plans to launch the satellite on a Proton rocket
under a contract previously announced between SIRIUS and International
Launch Services (ILS). The satellite will be launched into a geostationary
orbit to complement SIRIUS' existing three satellites, which were also
manufactured by Space Systems/Loral and operate in a highly elliptical
geosynchronous orbit. This unique hybrid constellation will provide
unparalleled redundancy, enhanced coverage and exceptional performance.
"This investment in next generation space technology will improve
SIRIUS' already exceptional service experience," said Mel Karmazin, CEO of
SIRIUS. "Not only will this satellite support our other three satellites
currently in orbit, but it will also improve reception for all SIRIUS
subscribers whether they are in their car, office, home or jogging in the
park."
The aggregate cost of designing, building, launching and insuring the
launch of the satellite will be approximately $260 million. As part of its
commitment to SIRIUS, Loral has agreed to provide a $100 million vendor
financing facility. SIRIUS has no current plans to draw under the vendor
financing facility.
SIRIUS continues to expect that its first quarter of positive free cash
flow, after capital expenditures, could be reached as early as the fourth
quarter of 2006, and that the company will be free cash flow positive,
after capital expenditures, for the full-year 2007. The payments associated
with the purchase and launch of this satellite were anticipated in SIRIUS'
guidance concerning free cash flow positive.
About SIRIUS
SIRIUS delivers more than 125 channels of the best programming in all
of radio. SIRIUS is the original and only home of 100% commercial free
music channels in satellite radio, offering 67 music channels available
nationwide. SIRIUS also delivers 61 channels of sports, news, talk,
entertainment, traffic, weather and data. SIRIUS is the Official Satellite
Radio Partner of the NFL, NBA and NHL and broadcasts live play-by-play
games of the NFL, NBA and NHL. All SIRIUS programming is available for a
monthly subscription fee of only $12.95.
SIRIUS products for the car, truck, home, RV and boat are available in
more than 25,000 retail locations, including Best Buy, Circuit City,
Crutchfield, Costco, Target, Wal-Mart, Sam's Club, RadioShack and at
shop.sirius.com.
SIRIUS radios are offered in vehicles from Audi, BMW, Chrysler, Dodge,
Ford, Infiniti, Jaguar, Jeep(R), Land Rover, Lexus, Lincoln-Mercury, Mazda,
Mercedes-Benz, MINI, Nissan, Rolls Royce, Scion, Toyota, Porsche,
Volkswagen and Volvo. Hertz also offers SIRIUS in its rental cars at major
locations around the country.
Click on http://www.sirius.com to listen to SIRIUS live, or to purchase
a SIRIUS radio and subscription.
Any statements that express, or involve discussions as to,
expectations, beliefs, plans, objectives, assumptions, future events or
performance with respect to SIRIUS Satellite Radio Inc. are not historical
facts and may be forward-looking and, accordingly, such statements involve
estimates, assumptions and uncertainties which could cause actual results
to differ materially from those expressed in any forward-looking
statements. Accordingly, any such statements are qualified in their
entirety by reference to the factors discussed in our Annual Report on Form
10-K for the year ended December 31, 2005 filed with the Securities and
Exchange Commission. Among the key factors that have a direct bearing on
our operational results are: our dependence upon third parties, including
manufacturers of SIRIUS radios, retailers, automakers and programming
partners, our competitive position and any events which affect the useful
life of our satellites.
G-SIRI

Media Contact:

Patrick Reilly
SIRIUS
212.901.6646
[e-mail]

Jim Collins
SIRIUS
212.901.6422
[e-mail]


SOURCE SIRIUS Satellite Radio