This is half a brag post and half a genuine question. I recommended SIRF back
here in February, and since then it's gone up 60%. (The other one I recommended is down 5-10%). It was stupid cheap at 11 or 12, but now it's getting a little expensive.
Here's some background: SIRF designs chips for GPS systems. It is a partial supplier for the OnStar vehicle system, and will likely start supplying for cell phone GPS systems. It has no debt and 100M in cash. A large portion of the stock was held by Connexant, which is or was selling it off to pay off its own debts. Thus the price may be artificially low due to this constant pressure.
Any thoughts? I think SIRF is well positioned to benefit greatly (5x revenues) if GPS ever becomes a standard cell phone accessory. At 30 P/E, some of that growth is priced in already, but this one could have quite a ways to go.