SiRF CEO And President Michael Canning Resigns, Investors Happy

Looks like GPS chipmaker SiRF’s woes of the past year were a little too much for President and CEO Michael Canning who has resigned effectively immediately.  He’ll be replaced by one of SiRF’s founders and chairman of the companies board of directors, Diosdado P. Banatao, now interim president and CEO executive chair.  Yesterday, following the announcement of Canning’s resignation, SiRF’s stock was up 78 cents to $6.25, a 14.26% increase for the day.  Despite the impressive one day gain, SiRF’s stock is still down 76% for the year.

via seeking alpha

Close this WindowBookmark and Share This Page

Save to Browser Favorites

Ask backflip blinklist BlogBookmark Bloglines BlogMarks Blogsvine BUMPzee! CiteULike co.mments Connotea del.icio.us

DotNetKicks Digg diigo dropjack.com dzone Facebook Fark Faves Feed Me Links Friendsite folkd.com Furl

Google Hugg Jeqq Kaboodle kirtsy linkaGoGo LinksMarker Ma.gnolia Mister Wong Mixx MySpace MyWeb

Netvouz Newsvine PlugIM popcurrent Propeller Reddit Rojo Segnalo Shoutwire Simpy Slashdot Sphere

Sphinn Spurl.net Squidoo StumbleUpon Technorati ThisNext Webride Windows Live Yahoo!

Email This to a Friend

Copy HTML: 

If you like this then please subscribe to the RSS Feed or Email Feed.

Powered by Bookmarkify™

More »