We’re branching out into new areas, see video.
All of which is a preamble to noting that we’re merging with SIRF. Or perhaps we’re buying them. Who ya gonna trust – PC mag or the FT? Not a tricky one, that. Sez the FT, we’re snapping up a US-based rival at a knockdown price… values the US group at about Â£91m ($136m), a 91 per cent premium to its share price. I’m not quite sure how come a 91% premium is a knock-down price, and I’m not giving any secrets away there as I really don’t know. You can read our press release or SIRF’s, though I didn’t. Not mentionned much by anyone is that SIRF does bluetooth.
Shares is up, but as Forbes points out that’s on SiRF purchase and Nokia win so it’s hard to disentangle. That also includes the delightful CSR management expects $35 million of costs synergies (from the SiRF deal) – no-one I’ve mentionned this to has ever heard of “cost synergies” before but everyone knows *exactly* what it means.
Other than that, doesn’t look like anyone knows anything interesting.