Tag - SiRF
CSR's GPS division SiRF today introduced SiRFstar IV, a new generation of GPS chipsets ultimately intended for smartphones and other particularly low-power handhelds. It improves on the longstanding SiRFstar III used in many dedicated navigators by supporting a new very low-power state. Rather than have to shut off completely when not in use to save battery life, it can enter a near-sleep state that can acquire a position fix much faster than it would from a cold start.
Nokia today bolstered the Symbian Foundation with the addition of multiple key new members. HP, MySpace and SanDisk lead the new sign-ons and each have their own different reasons for joining the open-source mobile OS project. HP hopes to improve its support for managing Symbian; MySpace hopes to further refine its MySpace app for the phone throuhg the open code; SanDisk hopes to improve the use of storage for multimedia apps. None of the three has given clues as to how soon products will appear that take advantage of Foundation membership.
England's Bluetooth chip group CSR on Tuesday announced it is buying California-based GPS chip specialistSiRF for $136 million. The deal is expected to complete in the second quarter, after approval by SiRF and CSR shareholders as well as government approval. The buy-out sum represents a 91-percent premium on SiRF's shares after Monday's markets closed.
Best known for its GPS chipsets, SiRF today said that mounting losses were forcing the company to both cut jobs and shed one of its newer businesses. The supplier to Garmin, TomTom, and several other major navigation device maker dropped its financial expectations for the first quarter of 2008 by about $10 million and explained that it would have to cut 7 percent of its total workforce and would shutter an office in the south end of San Francisco as well as a Stockholm, Sweden location.