Sirius shares rise on sales report

From: Deseret News (Salt Lake City) | Date: December 28, 2004| Author: | Copyright information

Sirius Satellite Radio Inc. shares rose 1.9 percent after the company Monday said it surpassed a year-end goal of attracting 1 million subscribers.

Shares of Sirius, the second-biggest pay-radio company, rose 15 cents to $8.10 in Nasdaq Stock Market composite trading. XM Satellite Radio Holdings Inc., the biggest satellite-radio company, said it met its year-end goal of 3.1 million customers.

Holiday sales of portable receivers that plug into home stereos and autos boosted Sirius's subscriber count, the company said. Sirius in October signed radio personality Howard Stern to a five-year ...

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