SIRF insiders BUYING big time !!!!

SIRF insiders went on a buying Stock Options binge as reported to Edgar on Form 4 on 26th April.The following is their purchase breakdown:

Michael Canning President & CEO Purchased Stock Options @ $25.16 X 50,000 Cash outlay of $1,258,000 not exercisable until April 24th,2008....

Kanwar Chadha VP Marketing Purchased Stock options @ $25.16 X 16,000 Cash outlay of $402,560 not exercisable until April 24th,2008....

Joseph Lavalle VP Sales Purchased Stock options @ $25.16 X 13,000 Cash outlay of $327,080 not exercisable until April 24th,2008....

Geoffrey Ribar Senior VP & CFO Purchased Stock Options @ $25.16 X 13,000 Cash outlay of $327,080 not exercisable until April 24th,2008.....

Atul Shingal VP Operations Purchased Stock Options @ $25.16 X 16,000 Cash outlay of $402,560 not excersable until April 24th,2008....

So all in all TOP 5 senior most management bought 108,000 Stock Options @ a cost of COOL $2,717,280

I am sure they ALL expect very good return for their $2.7 million plus investment......of all the people SIRF management should KNOW that !!!!!!

Please do your OWN due diligence.BLOG does not give buy or sell.BLOG is for educational purpose only.

Good luck on next week trade.

Saleem