Friday, March 21, 2008

Johnson Perkinson Announces Commencement of Class Action Litigation Naming SiRF Technology Holdings Inc Centre Daily Times

Advertisement Login Register Logout Edit Acct. Subscribe search CentreDaily.com Archives Web for Web Search powered by YAHOO SEARCH Homepage Local News Crime Johnson b that SiRF s major customers were not placing sufficient orders for the Company to meet its targets c that Centrality s product line had lower gross margins than the Company s products and though Centrality s acquisition would help SiRF increase revenue it would also significantly lower SiRF s gross margins d that the Company s customers were moving to cellular enabled products which SiRF could not compete with e that downward pricing pressures were accelerating and would lead to lower margins in the future and f that as a result of these factors Defendants had no basis for making statements suggesting that the Company s earnings per share would remain steady in their fourth fiscal quarter. Defendants false and misleading statements during the Class Period caused the Company s stock to trade at artificially inf! lated prices. Finally on February the Company issued a press release announcing its financial results for the fourth quarter of . When the truth about the Company was revealed SiRF s stock price plunged . per share losing approximately of its value to close at . per share. If you wish to discuss this action or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Johnson via email at emailjpclasslaw.com through our website at www.jpclasslaw.com or by mail at Johnson t what it used to be Law enforcement officials secretly profiling immigrants Palestinians rebuff Rice s bid to restart peace talks Border agents warned after dozens charged with crimes More headlines Ongoing Coverage Fact and fiction in Gricar case District wrestling Results leading to Hershey Electric rates may shock you by Few details as Kohl s begins construction Service sector fast growing full Business Matters Thon raises . million full cove! rage photos video rail c site map Homepage Local News Crime Courts Obituaries Pennsylvania Nation World PR News Wire Weird News Contact Us CDT Happy Valley Gifts Archives Classifieds Subscribe Local News Breaking News Bald Eagle Area Bellefonte Penns Valley Phillipsburg State College Voters Guide Affordable Housing I World Nation World News National News Iraq War Wounded Warriors McClatchy Washington Bureau Open Records War Stories WWII Sports Golf College MLB Motorsports NFL NHL NBA Spikes Sports Recreation Blogs Women World Cup Other Sports Penn State Alumni Athletics Sports Tailgates Memories Blue Weekly Business Technology Real Estate Transfers Market Summary Entertainment American Idol Celebrities Comics Games Horoscopes Movies Trailers Showtimes T.V. Shows T.V. Listings Music DVD s Weekender Calendar Living Body More Books Fashion Fathering Food Health Science Home Pets Travel Wedding Line Opinion BLOGS Discussion Boards Politics Multimedia Video News Widget Photo Events Photo Parties Photo Youth Sports Photo Penn State PODcast RSS Headl! ines About CentreDaily

Source: http://www.centredaily.com/business/story/444724.html


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