NEW YORK ( TheStreet) -- A combination of crippling debt, heavy losses and unfashionable products are three big strikes against these five stocks: Sirius XM ( SIRI), Procera ( PKT), Clearwire ( CLWR), Advanced Micro Devices ( AMD) and Eastman Kodak ( EK). The slouching economy hasn't done these teetering firms any favors. And whether the blame lies with the recession or simple frugality, neither companies nor consumers have shown much interest in spending money on tech. With less money coming in, weaker players with unsound finances could easily get swamped by another nasty market downturn, especially if creditors abandon big risks. Here are five tech stocks that aren't exactly in shipshape should the market turn stormy again.
No. 1: Sirius XM Radio
Tech's hottest cash fire has finally reduced its stock to embers. The satellite radio shop has plunged deeply into red ink, accumulating a total deficit of $9.46 billion. Given that Sirius shares are trading at around 40 cents, it's obvious that investors aren't confident that pay radio stock has much upside. Sirius lost customers for the first time ever in the first quarter and is on track to lose 1.6 million subscribers this year. Free cash flow for the first quarter was a negative $4 million. With so much riding on new car sales, Sirius faces big challenges this year. A likely scenario is that Sirius will collapse into the arms of its lifeline creditor and big debt holder Liberty Media ( LMDIA), owner of DirecTV ( DTV). With friends like Liberty Media waiting in the wings, Sirius equity holders have reason to worry.