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Technology Stocks : SiRF Technology Holdings, Inc (SIRF)

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From: JakeStraw	2/15/2006 2:05:38 PM
	of 132

Most of cellphones to have GPS chips by 2011 yahoo.reuters.com Wed Feb 15, 2006 12:45 PM ET BARCELONA, Feb 15 (Reuters) - By 2011 most handsets sold will include a chipset enabling global positioning (GPS), compared with under 10 percent last year, the founder of the world's largest GPS chipset maker said on Wednesday. "In the next 5 years it will become a required element for most phones, except for the very, very low end, which are for voice-only usage," said Kanwar Chadha founder of SiRF Technology Holding Inc. (SIRF). Many handsets in the United States and in several Asian markets are being fitted with GPS locators because regulators demand that they are able to locate persons in need. In addition to growing demand from the cellphone industry, GPS chips will also be used more in cars and even in consumer electronics. "The overall market potential is very high," Chadha told Reuters at the world's largest mobile telecommunications fair 3GSM in Barcelona.

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