Synaptics Message Board - Msg: 21034597

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Technology Stocks : Synaptics

SYNA 70.14

+3.4%

Nov 5 3:59 PM EST

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From: Sam Citron	2/10/2005 8:36:02 AM
	of 191

7:46am 02/10/05 Synaptics falls pre-market on two broker downgrades (SYNA, AAPL) By Mark Cotton NEW YORK (MarketWatch) -- Shares of Synaptics (SYNA) fell 2.6 percent to $25.21 in pre-market trading on Instinet Thursday after both Bear Stearns and First Albany Capital downgraded the technology company on expectations it may lose Apple Computer (AAPL) as a customer. Bear Stearns analyst Andrew Neff cut his view to "peer perform" from "outperform," saying Apple Computer looks set to replace the iPod clickwheel, currently supplied by Synaptics and which allows the user to browse and select music on the player, with its own in-house produced interface technology. First Albany Capital analyst Joel Wagonfeld, who lowered his view Synaptics to "neutral" from "buy," said Apple accounts for around 30 to 35 percent of the company's total revenue. Both analysts say their move is based on Apple's introduction last week of a new touchpad for its PowerBook laptop computers. They believe the technology used for the touchpad can be transferred to the iPod. Bear Stearns' Neff said Apple could phase out the Synaptics clickwheel by the end of 2006, prompting him to lower his earnings estimates for the company over the next three years. marketwatch.com

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