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

To: tech101 who wrote (77)1/4/2007 11:02:04 AM
From: tech101  Respond to of 132
 
SiRF Technology Schedules Fourth Quarter 2006 Earnings Conference Call on Jan. 30, 2007. This is 15 days earlier than Garmin's schedule. This is a very bulish sign because GRMN may get a big hit when it announces earning due to profit margin enrosion.

Just a reminder:

"I am very pleased with our performance in Q3. We have once again reported record revenues, and record shipment volumes and strong operating profit. Order backlog for Q4 is strong and some customers are requesting early delivery of orders," said Dr. Michael Canning, President and CEO. ( thestreet.com )



To: tech101 who wrote (77)1/4/2007 3:47:14 PM
From: tech101  Respond to of 132
 
9:45 AM EST January 4, 2007

RBC Capital Mkts initiates Outperform. Target $34. RBC initiated SIRF with an Outperform and a $34 tgt based on strong market growth driven by a significant increase in the GPS attach rate; slower erosion in the co's dominant market share (>50%) through proven technical leadership; and steady or improving margins enabled by a broad product portfolio ranging from high performance to low cost, to address pricing pressure


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