April 20, 2007

Sirf Earnings Up - Impressive Client List

SiRF star III

SiRF reported net revenue in the first quarter of 2007 was $67.3 million, up 28 percent while net income was $2.8 million vs. a loss of $11 million last quarter. "I am pleased with our Q1 results. We recorded strong financial performance in a seasonally weak quarter while strengthening our market leadership across our expanding customer base in a tough competitive environment," said Dr. Michael Canning, President and CEO.

They have an impressive list of clients here (From their Press Release):

RIM launched BlackBerry 8800

A number of our customers including Mitac, Asus, ETEN, Amoi, Simcomm and Hisys launched new phones

Mitac launched a range of new PNDs

Garmin launched a range of new PNDs

Magellan launched their new Maestro series of products

LG launched a range of PNDs

Pioneer launched a successor to Pioneer's AVIC-S1

ViaMichelin, part of the French Michelin group, released two new PNDs,

Navigon, a leading provider of navigation software, launched two models of its own consumer brand navigation products at CeBit based

Falk Marco Polo Interactive, a part of MAIRDUMONT, one of the European market leaders for travel media and leisure media, launched three new PND series at CeBIT;

The Pocket LOOX N100, an extremely small and thin SiRFstarIII based PND, co-developed by Fujitsu Siemens Computers and Navigon was launched in the US market at CES;

Uniden America, a leading manufacturer of wireless consumer electronics, entered the PND market with the launch of two models

Bushnell, a leader in outdoor technology, launched a series of recreational handheld products

POLAR, a pioneer in the development of wireless heart rate monitors and personal fitness solutions, added SiRFstarIII based GPS to their RS800 TRAINING SYSTEM;

Globalsat launched a new wearable device based on the SiRFstarIII architecture; and

Garmin launched a dog tracker system, Astro, based on the SiRFstarIII architecture.