The Market Update

XM, Sirius Giddy About Growth

 

Echostar, meanwhile, will make Sirius music programming available to most of the 9 million subscribers of its Dish Network satellite television service.

All the cooperation leads Sirius to believe it will end the year with a million subscribers, not the 860,000 it previously estimated. In turn, it now sees 2004 revenue exceeding $70 million, rather than only exceeding $60 million, as it predicted not two weeks ago.

"The company continues to expect to reach the cash-flow break-even point of 2 million subscribers by the end of 2005," Sirius noted.

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