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Technology Stocks : Synaptics
SYNA 67.86-4.5%3:59 PM EST

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To: Gottfried who wrote (93)3/14/2005 10:30:44 AM
From: Gottfried  Read Replies (2) of 191
 
"NEW YORK -- Shares of Synaptics Inc. (SYNA) were bid higher in pre-open trade as Bear Stearns upgraded the stock to outperform from peer perform.

The broker said it senses that the Apple Computer (AAPL) relationship with Cypress Semiconductor Corp. (CY) may be a move toward a second sourcing strategy rather than a severing of its Synaptics relationship, and said the introduction of cellphones with hard disk drives creates an opportunity.

It added that there's limited downside since the current valuation already reflects the loss of iPod business over the course of fiscal year 2006."

bold emphasis is mine. We'll just have to trust BS' sense. <g>
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Gottfried
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