Girard Gibbs LLP Files Class Action Lawsuit Against SiRF Technology Holdings, Inc. (NASDAQ:SIRF)

The law firm of Girard Gibbs LLP (http://www.girardgibbs.com) filed a class action lawsuit on February 25, 2008, on behalf of persons who purchased or otherwise acquired securities of SiRF Technology Holdings, Inc. (NASDAQ: SIRF) between October 30, 2007 and February 4, 2008, inclusive. The class action alleges that SiRF and certain of its present and former officers violated the Securities Exchange Act of 1934. The class action, captioned Furman v. SiRF Technology Holdings. et al., 08-cv-1122 (WHA), is pending in the United States District Court for the Northern District of California. The case is brought against defendants SiRF, Michael L. Canning, Diosdado P. Banatao, and Kanwar Chadha. The complaint alleges that defendants violated the federal securities laws by issuing a series of material misrepresentations in its filings with the Securities and Exchange Commission and press releases. According to the complaint, defendants failed to disclose that: (1) SiRF's acquisition of Centrality Communication was having an adverse impact on SiRF's results because of similar products being sold by Centrality, which cannibalized SiRF's sales and resulted in lower gross margins; (2) SiRF's major customers were not placing orders at sufficient quantities for SiRF to meet the aggressive sales targets set by and for the company; and (3) competitive pressures were having a larger adverse impact on SiRF than acknowledged as its customers were moving to cellular-enabled products which SiFR could not compete in. On February 4, 2008 SiRF reported an 89%.decrease in fourth quarter profits. Upon this news, the price of SiRF's stock collapsed $8.91 per share, a one day decline of 54%. If you purchased or otherwise acquired SiRF securities between October 30, 2007 and February 4, 2008, you may, no later than April 8, 2008, request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. To be appointed lead plaintiff, the Court must decide that your claim is typical of the claims of other class members, and that you will adequately represent the class. Your ability to share in any recovery is not affected by the decision whether or not to serve as a lead plaintiff. You may retain Girard Gibbs LLP, or other attorneys, to serve as your counsel in this action. If you wish to discuss this action or your rights as an investor in SiRF, please contact Girard Gibbs LLP toll-free at (866) 981-4800. A copy of the complaint is available from the Court, or can be viewed on Girard Gibbs LLP’s website at: http://www.girardgibbs.com/sirf.html. Girard Gibbs LLP is one of the nation’s leading firms representing individual and institutional investors in securities fraud class actions and litigation to correct abusive corporate governance practices, breaches of fiduciary duty and proxy violations. For more information, please access the firm’s web site, http://www.girardgibbs.com/sirf.html. To discuss this class action with us, please contact the following attorneys: Jonathan K. Levine (jkl@girardgibbs.com) or Aaron M. Sheanin (ams@girardgibbs.com) 601 California Street, 14th Floor San Francisco, CA 94108 Phone number: (866) 981-4800