SIRF's Down Ahead of Earnings

My Stock of the Day is SIRF Technology (SIRF)

The company reports earnings tomorrow, and the stock is down -4% ahead of the event. The stock has been under fairly heavy selling pressure ever since announcing the loss of a contract back in December.


In addition to competitive concerns, there is the worry that the company offers conservative guidance for Q1. This would surely hit the stock further. I sold my remaining shares last week, but would look to use any weakness created by the report to rebuild a position.


I am still very bullish on the company and the outlook for LBS rollouts in 2007.


Other stocks making notable, high-volume moves today include:

• ATRS
• USAP
• VPRT
• HMIN
• DLLR
• FMCN
• KNOT
• CHDX
• POT
• CDWC
• MSTR
• HAR
• BWLD
• SYY
• USG
• PRXL