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	<title>AllThingsD &#187; SIRF Technology Holdings</title>
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		<title>SiRF: Another Rough Quarter Sends Stock Tumbling</title>
		<link>http://allthingsd.com/20080725/sirf-another-rough-quarter-sends-stock-tumbling/</link>
		<comments>http://allthingsd.com/20080725/sirf-another-rough-quarter-sends-stock-tumbling/#comments</comments>
		<pubDate>Fri, 25 Jul 2008 17:14:23 +0000</pubDate>
		<dc:creator>Eric Savitz</dc:creator>
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		<category><![CDATA[SIRF Technology Holdings]]></category>
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		<guid isPermaLink="false">http://voices.allthingsd.com/?p=2113</guid>
		<description><![CDATA[GPS chipmaker SiRF Technology Holdings (SIRF) is taking a bath following another rough quarter.
For Q2, revenue totaled $63.1 million, which was actually above the consensus of $62.1 million. But the company posted a non-GAAP loss of 19 cents a share, worse than the 13-cent loss the Street had expected.]]></description>
			<content:encoded><![CDATA[<p>GPS chipmaker SiRF Technology Holdings (SIRF) is taking a bath following another rough quarter.</p>
<p>For Q2, revenue totaled $63.1 million, which was actually above the consensus of $62.1 million. But the company posted a non-GAAP loss of 19 cents a share, worse than the 13-cent loss the Street had expected. On a GAAP basis, the company lost a whopping $332.6 million, including a $215.7 million goodwill impairment charge, $42.9 million in acquisition related intangibles impairment, and $11.8 million impairment on a note receivable. Gross margin in the quarter dropped to 21 percent, from 53.9 percent a year ago.</p>
<p><a href="http://blogs.barrons.com/techtraderdaily/2008/07/24/sirf-another-rough-quarter-sends-stock-tumbling/">Read the rest of this post</a></p>
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