SIRF stock 9/05/08 BRCM settlement

SIRF stock was up big on Friday due to the possible settlement with Broadcom ( BRCM )

Shares of SiRF Technology Holdings Inc. were up more than 22 percent Friday on reports that the company could be near a patent infringement settlement with Broadcom Corp.
San Jose-based SiRF (NASDAQ:SIRF) stock closed at $2.57, up 47 cents. The company has a market value of about $150 million. Shares of Irvine-based Broadcom (NASDAQ:BRCM) were flat on a market value of $11 billion.
Last month, an International Trade Commission judge ruled that SiRF infringed on six of Broadcom’s patents for global positioning in cell phones. A final decision is set to be made before the end of the year.
SiRF has seen executive changes and a big drop in its stock price in the past year as a result of the ruling.
A settlement likely would see SiRF pay royalties to Broadcom