Wednesday, November 08, 2006
Position Updates: SiRF
Apparently, MSFT just confirmed the launch of Vista, scheduled for January. That should help the Techies lift a little bit.
As for SiRF:
I am not anticipating a drastic decline in their business, anytime soon. However, I am aware of significant competition, such as Global Locate. Furthermore, I feel a lot of SiRF's Motorola business may be vulnerable to Global Locate-- considering MOT is an investor in Global Locate.
Bottom line: If the Nasdaq continues its charge, I am sure SiRF and many other semi's will do fine. However, should the market pullback, stocks like SiRF will not hold up very well. My short position is meant to hedge my longs-- not meant to be a bear raid or anything like that.
NOTE: The bears lost their balls to a charging bull.
As for SiRF:
I am not anticipating a drastic decline in their business, anytime soon. However, I am aware of significant competition, such as Global Locate. Furthermore, I feel a lot of SiRF's Motorola business may be vulnerable to Global Locate-- considering MOT is an investor in Global Locate.
Bottom line: If the Nasdaq continues its charge, I am sure SiRF and many other semi's will do fine. However, should the market pullback, stocks like SiRF will not hold up very well. My short position is meant to hedge my longs-- not meant to be a bear raid or anything like that.
NOTE: The bears lost their balls to a charging bull.
