GLONASS, Compass/ Beidou, and related technologies. Glen Gibbons is editor and publisher of Inside GNSS magazine, which covers the policies, programs, engineering, and most challengingĪpplications of the Global Navigation Satellite Systems: GPS, Galileo, CSR anticipates a one-time integration expense of $15 million. Completion of the merger is subject to the approval of both SiRF and CSR shareholders, clearance by regulatory agencies, and certain other conditions. Following completion, SiRF shareholders will own approximately 27 percent of the enlarged CSR group.įormally, SiRF will merge with a newly organized U.S. That’s a premium of approximately 91 percent on the closing SiRF share price of $1.08 on 9 February 2009, and a premium of approximately 57 percent over the average closing SiRF share price over the prior three months. SiRF shareholders will receive 0.741 of an ordinary share in CSR for each SiRF share, which values SiRF at approximately $136 million (£91 million). On February 10, CSR and SiRF announced plans to merge the latter company into the former in a pure stock deal, rather than a cash-out acquisition.
BLUETOOTH GPS SIRF BINARY SOFTWARE
It may also signal the failure - at least for the time being - of software GPS receivers to gain traction in mass market applications, the double-edged nature of lawsuits that can cut two ways, and the importance of cash reserves in an era when banks have sharply curtailed lending. It reaffirms the emergence of mobile phone handsets as a dominant location platform, the convergence of wireless communications and positioning at the chip level, and the trend toward absorption by semiconductor manufacturers of independent GPS technology providers who offer only single-frequency solutions. connote more than the evolving fortunes and common future of a Cambridge, UK–based Bluetooth and WiFi provider and a San Jose, California GPS manufacturer. Merger plans recently announced by CSR (Cambridge Silicon Radio) plc and SiRF Technology Inc.