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Sirf Tech Digs Its Own Grave

Stock quotes in this article: SIRF , BRCM , TXN , IFX , GRMN  

SAN FRANCISCO -- Investors had two reasons to stick with Sirf Technology(SIRF Quote) as the chipmaker floundered: a takeover or a turnaround.

Both of those hopes evaporated with last week's legal ruling against Sirf.

The preliminary finding by a U.S. International Trade Commission judge that Sirf is infringing on six of Broadcom's(BRCM Quote) patents represents more than the latest in a string of bad news for Sirf -- it marks the end of any reason to care about a company that once seemed poised to be a central player in a new world of iPhone-like gadgets. ...

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