Markets & Finance

Bear Stearns Cuts Synaptics's Target


Bear Stearns cuts Synaptics Inc. (SYNA) $53 calendar year-end target to $49.

Analyst Andrew Neff has concerns regarding a possible change in Apple's user interface sourcing strategy, a perceived risk to the Apple/Synaptics relationship.

He notes Apple introduced a new touchpad solution (TrackPad) for its PowerBook notebooks last week that appears to use Apple's own solution.

While the impact of the loss of Apple's PowerBook line is minimal (about 2% of Synaptics's notebook revenue), his concern is TrackPad may signal a change in Apple's strategy whereby it may source all of its interface solutions internally.

Neff says while Synaptics could be weak on news, he maintains estimates and rating at outperform.


Video Game Avenger
LIMITED-TIME OFFER SUBSCRIBE NOW

Sponsored Financial Commentaries

Sponsored Links

Buy a link now!

 
blog comments powered by Disqus