Contact Information: Contact: Lewis Kahn KGS 1-866-467-1400, ext. 100 email: lewis.kahn@kgscounsel.com
INVESTOR ALERT: KGS Announces That SiRF Technology Holdings, Inc. Investors May Now Request Lead Plaintiff Position in Securities Fraud Class Action Lawsuit
| Source: Kahn Gauthier Swick, LLC
NEW ORLEANS, LA--(Marketwire - February 11, 2008) - Kahn Gauthier Swick, LLC ("KGS") announces
that shareholders of SiRF Technology Holdings, Inc. ("SiRF" or the
"Company") (NASDAQ : SIRF ) who purchased securities of the Company between
October 30, 2007 and February 4, 2008, have only until April 8, 2008 to
move for appointment as Lead Plaintiff in a securities class action lawsuit
currently pending in the United States District Court for the Northern
District of California. No class has yet been certified in this action.
UNLESS A CLASS IS CERTIFIED, YOU ARE NOT PERSONALLY REPRESENTED BY COUNSEL
UNLESS YOU RETAIN AN ATTORNEY.
If you purchased shares of SiRF, you are urged to contact Lewis Kahn,
Managing Partner, KGS, toll free 1-866-467-1400, ext. 100, via cell phone
at 504-301-7900, or by email at lewis.kahn@kgscounsel.com to learn about
your legal rights and how this action may benefit you. For further
information on KGS, please visit www.kgscounsel.com. KGS focuses its
practice on securities class action litigation, and has been appointed lead
counsel in numerous federal securities class actions.
SiRF and certain of its officers and directors -- collectively,
"Defendants" -- are charged with making a series of materially false and
misleading statements related to the Company's business and operations in
violation of the Securities Exchange Act of 1934 (the "Exchange Act").
On February 4, 2008, SiRF announced after the market's close that its
financial results would not meet expectations, and that its profit tumbled
92% in the 4th quarter. Shares of SiRF fell 21%, or $3.42, to $12.85 in
extended trading on February 4th. Then, on February 5, 2008, SiRF's shares
closed at $7.36 per share, a decline of over 50% in 24 hours.
SPECIAL NOTICE: Courts will generally appoint only one law firm to
prosecute a securities class action on behalf of the shareholders based
upon the amount of losses its "lead plaintiffs" have suffered. Accordingly,
while KGS urges you to sign up with the firm, KGS also encourages you to
carefully evaluate any other firm you may consider to represent your
interests in the SiRF class action, should you be considering another firm.
Critical components of a law firm's ability to successfully prosecute this
action and obtain a strong recovery for you include the resources it will
dedicate to prosecution of the case, including the number of lawyers the
firm has available for the SiRF action in particular, AND especially the
quality of the firm's work. Interested shareholders are encouraged to call
for consultation and to request more information about KGS.