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Technology Stocks : SiRF Technology Holdings, Inc (SIRF)

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From: tech10112/31/2006 3:27:30 AM
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Zacks Bull and Bear of the Day Highlights:

SiRF Technologies, Del Monte Foods, UIL Holdings and KMG America

6:00a ET December 20, 2006 (Business Wire)

Zacks Equity Research highlights SiRF Technologies (Nasdaq: SIRF) as the Bull of the Day and Del Monte Foods (NYSE: DLM) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on UIL Holdings (NYSE: UIL) and KMG America (NYSE: KMA). Full analysis of all four stocks is available at at.zacks.com.

Here is a synopsis of all four stocks:

Bull of the Day:

Our Bull of the Day recommendation is for SiRF Technologies (Nasdaq: SIRF). SiRF is a fabless OEM of GPS semiconductor chipsets, semiconductor-based modules and associated software. SiRF reported September quarter results that were in line with top-line and bottom-line consensus expectations. Key wins should contribute to significant growth in the second half of 2006 and throughout 2007. The current market valuation appears reasonable. Several end markets appear to be near-term catalysts that have the potential to significantly revise expectations upwards. Consequently, we are maintaining our Buy recommendation on the shares of SiRF.
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