Home PageFacebookRSS News Feed
PocketGPS
Web
SatNav,GPS,Navigation
Pocket GPS World - SatNavs | GPS | Speed Cameras: Forums

Pocket GPS World :: View topic - SiRF's Down: SiRF announce lay off, 7% of workforce to go
 Forum FAQForum FAQ   SearchSearch   UsergroupsUsergroups   ProfileProfile   Log in for private messagesLog in for private messages   Log inLog in 

SiRF's Down: SiRF announce lay off, 7% of workforce to go

 
Post new topic   Reply to topic    Pocket GPS World Forum Index -> News And Latest Information
View previous topic :: View next topic  
Author Message
Darren
Frequent Visitor


Joined: 11/07/2002 14:36:40
Posts: 23848
Location: Hampshire, UK

PostPosted: Wed Mar 26, 2008 9:34 am    Post subject: SiRF's Down: SiRF announce lay off, 7% of workforce to go Reply with quote

pocketgpsworld.comSiRF Technology, based in San Jose, California and one of the leading GPS chip manufacturers announced yesterday that it would be laying off 7% of its work force following a weak performance in the first quarter of 2008. This followed an 89% drop in fourth quarter 2007 earnings.

The slow down has largely been the result of a marked drop in the number of orders for PND applications which have afllen far short of predicted levels. Increased competition from Taiwanese manufacturers, famous for their low manufacturing costs and miniscule product margins such as Mediatek (MTK) has had a large impact.

SiRF have confirmed that offices in San Francisco and Stockholm will be closed. They have also cancelled plans to move into the emerging mobile TV market and will instead be refocussing on their GPS core business area. Shares in SiRF were down 55% following the announcement with future performance estimates being revised downwards.
_________________
Darren Griffin
Back to top
View user's profile Send private message Send e-mail Visit poster's website







Posted: Today    Post subject: Pocket GPS Advertising

Back to top
Display posts from previous:   
Post new topic   Reply to topic    Pocket GPS World Forum Index -> News And Latest Information All times are GMT + 1 Hour
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum

Make a Donation



CamerAlert Database

Click here for the PocketGPSWorld.com Speed Camera Database

Download Speed Camera Database
22.105 (30 Oct 24)



WORLDWIDE SPEED CAMERA SPOTTERS WANTED!

Click here to submit camera positions to the PocketGPSWorld.com Speed Camera Database


12mth Subscriber memberships awarded every week for verified new camera reports!

Submit Speed Camera Locations Now


CamerAlert Apps



iOS QR Code






Android QR Code







© Terms & Privacy


GPS Shopping