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SiRF Tries to Keep Balance - Analyst Blog

Wed, 26 Nov 2008 21:58:00 GMT

SiRF Technology Holding Inc. (SIRF) is a fabless OEM of GPS semiconductor chipsets, semiconductor-based modules and associated software. SiRF reported a difficult September quarter as demand for Personal Navigation Devices (PNDs) slowed and competition has increased. Gross margin continues to fall from the prior year as the firm sells a higher mix of low-margin System-on-a-Chip (SOC) products. Several end markets don't appear to be near-term catalysts that have the potential to significantly revise expectations upwards. Consequently, we are initiating a Hold recommendation on the shares of SiRF Technology Holding Inc. Read the full analyst report on SIRF [More...]

Eight Stocks which could be Setting Up

Mon, 08 Sep 2008 15:42:00 GMT

That’s right, no more posting my watchlist right at the market open…only TIMalert subscribers will get access as I emailed/posted this on the TIMalerts.com subscribers-only website this morning at 1am…in addition, that site is also gonna have a subscriber[More...]

S&P 1300

Mon, 11 Aug 2008 13:49:00 GMT

Good morning. We start the new trading week with relatively quiet newswires as earnings season begins to wind down. Moreover, this week's economic calendar starts off slow with no reports of significance both today and tomorrow. Premarket gainers: CHIP, FEED, HOGS, SOLF, CEDC,[More...]

Keep An Eye on XLF, XHB, XLY and XLE for Rally Strength

Mon, 21 Jul 2008 18:02:00 GMT

We discussed about the VIX and I gave my opinion that the market could turn last week. For the last few days, we've been seeing rallies in the market, especially in the weak oversold sectors like Financials, Homebuilders and Consumer Discretionary. We've also seen continued sell-off in Coal and Steel sectors after brief spell of consolidation. As I said on 9 Jul, watch for a retest to go short or get some Put Options. It retested and broke down again last week, hope you caught some of the action.What about the week ahead? The major trend is still to the downside and watch for resistance at 1270 for the S&P 500 index. Also watch the Financials (XLF), Homebuilders (XHB), Consumer Discretionary (XLY) and Energy (XLE)[More...]

The GPS & Location Targeting Trend Is Still In It's Infant Stages

Wed, 11 Jun 2008 00:10:51 GMT

If there is one trend that I truly believe in it is GPS and location awareness. This technology is another example of tech developed for the government and military which is finding consumer applications.[More...]

Analyst Comments: Acorda Therapeutics, GATX Corporation, Nova Chemical, ABM Industries, American Capital, Hallmark, Orbcomm, SiRF, XTO Energy, Genentech, Cyclacel Pharma, Nexen

Wed, 04 Jun 2008 17:15:13 GMT

We downgrade Acorda Therapeutics, Inc. (ACOR) to Sell from Hold, as we believe the shares are significantly overvalued at the current level, and expectations for profitability and future cash flow are entirely too high. We believe alternative medications and a high side-effect profile will keep Fampridine-SR as a niche-use drug only....[More...]

NASDAQ Technical Picture - Bullish Week

Fri, 25 Apr 2008 04:51:46 GMT

A strong end to a firmly[More...]

Chock Full Of Earnings

Mon, 21 Apr 2008 14:41:22 GMT

Good morning. Premarket futures are mixed as oil prices hit fresh new highs and investors show a little reserve following negative news from financials like Bank Of America (BAC), National City (NCC), and Ubs (UBS). However, just like last week, not all n[More...]

April Options Expiration

Fri, 18 Apr 2008 14:48:18 GMT

Good morning. Premarket futures indicate a very strong start to this options expiration day. According to the Stock Trader's Almanac, April's expiration day has been up 9 and of the last 11 years. At this point, there's little reason to believe we won't see another positive day again this year. A number of better than expected earnings reports from companies like Honeywell (HON), Caterpillar (CAT), Google (GOOG), Pmc-sierra (PMCS), Sandisk (SNDK)[More...]

Ben & The ISM

Thu, 03 Apr 2008 14:02:38 GMT

Good morning. This is day two of Ben Bernanke's testimony to Congress and premarket futures are under a little sell pressure this morning as investors deal with worse than expected jobless claims and the Monster Employment Index which rose 2 points but st[More...]

Movers: AIG, Morgan Stanley, Goldman Sachs, WaMu, Dell, Constellation Energy

Wed, 17 Sep 2008 14:47:00 GMT

This morning, S&P Ratings Services lowers long-term counterparty rating on AIG to 'A-' from 'AA-' and its short-term counterparty credit rating on AIG to 'A-2' from 'A-1+'.
A.M. Best Co. downgrades financial strength rating to A [Excellent] from A+ [Superior] and issuer credit ratings of the domestic life and retirement services subsidiaries of AIG to "a" from "aa" [AIG].
Morgan Stanley (MS), announcing third quarter results ahead of schedule, posts better-than-expected $1.32, vs. $1.38 a year ago, third quarter EPS on 1.0% revenue rise.

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Docu-Drama: Tech Companies Reveal Job Cuts

Sun, 27 Jul 2008 17:47:00 GMT

Jul. 27--Tech firms have been the backbone of the San Jose region's job growth, which has increased year over year for 45 months in a row.
In June, computer makers had 2,400 more jobs than they did the year before, a 7.8 percent increase that was higher than any other major job category.
Silicon Graphics revealed Monday that it has already cut more than 100 positions, or about 7 percent of its workforce of about 1,500, since June.

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SiRFatlasIV Multifunction Location System Processor Delivers Premium Location and Multimedia Power for Budget-Conscious Consumers

Tue, 09 Jun 2009 22:55:00 GMT

Available Now in Production Quantities, the SiRFatlasIV Platform Maximizes Profits for Makers of Innovative, High-Volume Navigation and Location Devices[More...]

SiRF Announces Filing of Definitive Proxy Statement With the SEC and Sets Stockholder Meeting Date

Tue, 02 Jun 2009 22:49:00 GMT

SAN JOSE, Calif., June 2 /PRNewswire-FirstCall/ -- SiRF Technology Holdings, Inc. (Nasdaq: SIRF) today announced that, in connection with the proposed merger with a subsidiary of CSR plc (LSE: CSR.L), CSR filed with the United States Securities and Exchange Commission ("SEC") a Registration Statement on Form F-4 on May 29, 2009, which contains the Proxy Statement/Prospectus that will be distributed to SiRF stockholders in connection with a special meeting of SiRF stockholders.
The SEC declared the Registration Statement effective at 12:30 p.m. (Eastern Daylight Time) on June 2, 2009 and the Proxy Statement/Prospectus, including notice of the special meeting and the accompanying proxy card, will be mailed to SiRF stockholders beginning today.
On February 9-10, 2009, CSR and SiRF announced that they had entered into an agreement and plan of merger, pursuant to which a wholly owned subsidiary of CSR will merge with and into SiRF, with SiRF surviving the merger as a wholly owned subsidiary of CSR. Completion of the merger is subject to the approvals of CSR shareholders and SiRF stockholders, other customary closing conditions and the admission to the Official List of the UK Listing Authority of the CSR ordinary shares to be issued to SiRF stockholders.

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SiRF Technology Holdings, Inc. Announces Financial Results for First Quarter 2009

Tue, 05 May 2009 20:56:00 GMT

SAN JOSE, Calif., May 5 /PRNewswire-FirstCall/ -- SiRF Technology Holdings, Inc. , a leading provider of GPS-enabled silicon and premium software location platforms, today reported unaudited financial results for its first quarter ended March 28, 2009.
Gross profit in the first quarter of 2009 was $13.8 million or 40.2 % of net revenue, as compared to $26.4 million or 42.6% of net revenue in the first quarter of 2008.
This compares with net loss of $28.1 million, or ($0.47) per diluted share, based on 60.3 million diluted weighted average shares outstanding in the first quarter of 2008.

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Ikanos Communications Announces Plans to Acquire Conexant's Broadband Access Product Line

Wed, 22 Apr 2009 11:55:00 GMT

FREMONT, CA -- -- 04/22/09 -- Ikanos Communications, Inc. , a leading provider of broadband semiconductor and software products for the digital home, today announced the signing of a definitive agreement to purchase the Broadband Access product line from Conexant Systems, Inc. . The combined organization will have the expertise and resources required to satisfy the demand for powerful broadband network products around the world.[More...]

SiRF Technology Holdings, Inc. Schedules First Quarter 2009 Earnings Conference Call

Fri, 17 Apr 2009 20:45:00 GMT

SiRF Technology Holdings, Inc. , has scheduled its first quarter 2009 financial results conference call for Tuesday, May 5, 2009 at approximately 4:30 PM Eastern time/1:30 PM Pacific time. SiRF will release its first quarter 2009 financial results after the market closes on May 5, 2009.[More...]

SiRF Technology Holdings Inc. Announces Financial Results for Fourth Quarter and Fiscal 2008

Tue, 10 Feb 2009 07:36:00 GMT

SiRF Technology Holdings, Inc. , a leading provider of GPS-enabled silicon and premium software location platforms, today reported unaudited financial results for its fourth quarter and year ended December 27, 2008.[More...]

SiRF and CSR to Merge Creating a Global Leader in Connectivity and Location Platforms

Tue, 10 Feb 2009 06:21:00 GMT

SiRF Technology Holdings, Inc. , a leading provider of GPS-enabled silicon and premium software location platforms, today announced a definitive agreement under which SiRF and CSR plc will merge in a stock-for-stock transaction to create a global leader in connectivity and location platforms. The Boards of Directors of both companies have unanimously approved the transaction, which is expected to close in the second quarter of 2009.[More...]

SiRF Gets In Sync With Auto Industry

Mon, 02 Feb 2009 18:09:00 GMT

SiRF Technology Holdings, Inc. , a leading provider of GPS-powered location platforms, today announced it has partnered with M/A-COM Technology Solutions, Inc. to help create the breakthrough networked GPS module that provides location information to the new generation vehicle-based communications and entertainment systems, which debuted at the recent Consumer Electronics Show in Las Vegas. SiRF also introduced the GSC3e/LPa single-chip GPS receiver, the first SiRFstarIII architecture product specifically built to meet the quality and reliability requirements of Tier-1 automotive electronics OEMs.[More...]