SiRF Technology Holdings, Inc (SIRF) Message Board

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Technology Stocks : SiRF Technology Holdings, Inc (SIRF)

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From: JakeStraw	12/7/2007 8:56:38 AM
	of 132

SiRF Technology: Tops in GPS Chips businessweek.com Noor Kamruddin of the $200 million Wasatch Global Science & Technology Fund (WAGTX) is an old fan of SiRF Technology Holdings (SIRF). The top chipmaker for global positioning systems, SiRF has a 70% share of the portable navigation market for cars. It's set to grow as more of its chips go into phones and wireless devices. The fund's stake, which it owned before the 2004 IPO, did well until lately. SiRF has been battered by fears that rivals are moving in. Kamruddin is unfazed: "We see it growing 50% next year. It's a sound management team, and margins are widening." Third-quarter results reflected losses of $16.1 million, from one-time charges related to compensation and other costs. Pro-forma earnings of 29 cents rose 30% this year. Jeffrey Evanson of investment bank Dougherty sees SiRF, now at 25.25, at 35 in a year.

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