SOURCE: Weiss & Lurie

February 27, 2008 14:41 ET

Weiss & Lurie Announces Filing of Shareholder Class Action Lawsuit Against SiRF Technology Holdings, Inc.

LOS ANGELES, CA--(Marketwire - February 27, 2008) - The law firm of Weiss & Lurie announced today that a class action lawsuit has been filed in the United States District Court for the Northern District of California, entitled Schorr Rev. Trust U/A DTD 3-20-98 v. SiRF Technology Holdings, Inc., on behalf of persons who acquired the publicly traded securities of SiRF Technology Holdings, Inc. ("SiRF" or the "Company") (NASDAQ: SIRF) during the period from October 30, 2007 through February 4, 2008, inclusive (the "Class Period"). Plaintiff seeks to recover damages on behalf of the class and is represented by Weiss & Lurie.

The Complaint alleges that during the Class Period, SiRF and certain of its officers and directors violated the federal securities laws by publicly disseminating materially false and misleading statements concerning SiRF's financial results and business while failing to disclose material adverse facts, and further alleges that defendants' misstatements artificially inflated the price of the Company's securities.

After the markets closed on February 4, 2008, the Company reported a nearly 90% decrease in its fourth quarter 2007 net earnings from its fourth quarter 2006 results and a net loss of $10.4 million for its fiscal year 2007. As a result of this news, the price of SiRF stock plunged 54% in a single day from its closing price of $16.27 per share on February 4, 2008 to close at $7.36 on February 5, 2008.

Weiss & Lurie, with offices in New York and Los Angeles, has extensive experience in complex litigation, particularly securities class actions, and has been appointed lead class counsel in numerous consolidated and multi-district cases. For more information about the firm, please visit our website:

If you are a member of the class as described above, you may move the Court no later than April 8, 2008, to serve as a lead plaintiff. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as lead plaintiffs. Your ability to share in any recovery is not, however, affected by your decision whether or not to serve as a lead plaintiff. You may retain Weiss & Lurie, or other counsel of your choice, to serve as your counsel in this action.

If you wish to discuss this action, participate in this suit or have any questions or concerns regarding this notice, or preservation of your rights, please contact:

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