“Cowen and Company advised investors to buy shares of Synaptics ahead of the company’s quarterly earnings report, saying Apple Computer could soon rekindle its relationship with the user-interface company,” Peter Kang reports for Forbes.
Kang reports, “On Monday, Cowen analyst Robert Stone upgraded Synaptics to ‘outperform’ from ‘neutral’ and said the company, which makes touch-sensor components for PC notebook computers and MP3 players, will likely receive a ‘meaningful but minority role’ as a components supplier to Apple as early as the fiscal first quarter of 2007.”
Kang reports, “Andrew Neff of Bear Stearns was a bit more cautious on a potential reunion with Apple, according to a note sent to clients on July 21. ‘While trade reports continue to point to a possible design win at Apple for iPod, timing remains uncertain,’ the analyst wrote.”
Full article here.
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