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Joe Stocks

05/12/03 3:35 PM

#106881 RE: allsmall #106864

XMSR- I think they will be history in two years. Just not enough revenue to cover their expenses. At the rate that they are having to pay for money now I expect they will find it hard to borrow much more. How much cash did they have on their last 10K....$6mil. Net loss for 2002...$492 mil. Now tell me how they make up the difference. $43 mil in revenues this year (maybe). Interest expense alone last year was over $50 mil.
Cost of revenue was $122 mil.

Joe



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Zeev Hed

05/12/03 4:13 PM

#106903 RE: allsmall #106864

Do they also provide that service in Europe Asia and Africa or the satellites they have are such that they are directed only to the US?

Zeev