Keep an eye on GPS chip maker SiRF Technology (SIRF)
SiRF Technology (Nasdaq: SIRF) got clobbered today after reporting second quarter earnings that were hurt by stock options related costs. The stock was down about 20% during after-hours trading. I personally love the GPS sector and will keep an eye on SiRF. Garmin and Pioneer are among SiRF’s customers. Garmin (Nasdaq: GRMN) was also down 3% in after-hours trading.
Posted on Tuesday, July 25th, 2006 at 7:40 pm
In Tech Stocks |
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August 1st, 2006 at 7:20 pm
Sirf took many beatings since then, and Now seems to be a good entering point. i believe this stock will jump back in the 20’s 30’s in no time. Sirf is a chip that is favored by all gps users and all the future gps will be boasting tha their gps unit comes with sirf technology.