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Technology Stocks : SiRF Technology Holdings, Inc (SIRF) -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (61)	11/28/2006 11:16:48 AM
From: tech101	Respond to of 132

Morgan Stanley is ugrading their rating to Equal Weight from Underweight as the gap between their 2007 estimates and the consensus 2007 estimates has contracted and recent data suggests the risk of SiRF experiencing a sharper than expected Q1 seasonal drop in the PND market has been reduced (relative to firm's more cautious than consensus expectation). C.E. Unterberg notes they expect Personal Navigation Devices (PNDs) to be one of the hottest selling electronic gadgets this Christmas, as the size and prices of these devices has come down further, and are crammed with even more features. Firm notes that Garmin (GRMN) expects unit shipments to rise 30% sequentially in the December quarter, while TomTom projects their unit shipments would grow between 38%-63% Q/Q this quarter, suggesting room for some upside to their and Street estimates for SiRF in Q4 messages.finance.yahoo.com