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NEW YORK (Reuters) - Shares of Sirius Satellite Radio climbed 11 percent Thursday after it stood by its 2006 subscriber forecast, even as its bigger rival backed off its expectations for new satellite radio users.
Sirius (up $0.48 to $4.16, Research) shares rose to a session high of $4.13 on Nasdaq after it said late Wednesday that it still expects to have a total of 6.2 million subscribers by the end of the year. Sirius also said it continues to expect to generate positive free cash flow for the full year 2007.
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