SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : SiRF Technology Holdings, Inc (SIRF)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: tech101 who wrote (24)3/28/2006 12:00:30 PM
From: JakeStraw  Read Replies (1) of 132
 
"Financial market expectations have crept so high that SiRF could deliver a solid year of growth in 2006 and the stock could return less than the average semiconductor stock in our universe," said Morgan Stanley analyst Louis P. Gerhardy in a note to clients, downgrading the company's stock to "Underweight" from "Equal-weight."

The analyst said he sees the San Jose, Calif., company shifting gears this year as it prepares for "attractive growth opportunities" in 2007 and beyond. While the company is boosting its technology investments in 2006, Gerhardy said he doesn't see these beginning to pay off until next year.

As a result, the analyst said he sees the company's revenue and earnings growth slowing in 2006 before possibly reaccelerating in 2007.

The analyst said while he is not forecasting a "bad year" for the company, its "significant positive surprises" delivered in the second and third quarters of 2005 "have been extrapolated too aggressively by investors."
biz.yahoo.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News