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Technology Stocks : Synaptics -- Ignore unavailable to you. Want to Upgrade?

To: Sam Citron who wrote (44)	2/12/2005 1:43:14 PM
From: Jim Mullens	Read Replies (1) \| Respond to of 191

Sam, Re: SYNA + QCOM and “I don't think it's a particularly good strategic fit (too much channel conflict, for one thing), but you know QCOM much better than me. Care to flesh this one out, Jim?” <<<<<<<< Qualcomm recently acquired Iridigm, a display company with a new power savings technology for hand-helds. As you know, the cell phone is morphing into a multi purpose consumer electronics device (buz word- convergence). They have $8 B in cash, adding about $500 M per quarter. It appears that SNYA’s future is directed more toward hand-helds and their piece of the Foveon camera ASICs also appears “interesting” with the “cell phone” including more camera functions (still and DVR). SYNA is also fabless and producing a nice EPS /cash flow stream. I was just throwing out some idle “speculation”. Qualcomm probably has enough on their plate at present, They’ve been on a robust engineering hiring / R&D spending spree that has resulted in a temporary slowing of their EPS growth and declines in operating margin, for which their share price has suffered. Interesting SYNA / Samsung connection. Samsung has been / is one of the Q’s major handset partners.