Seeking Alpha

Synaptics higher as Pac Crest reports of Galaxy S5 design win

  • Pac Crest thinks Synaptics (SYNA +3.3%), already the touch controller supplier for Samsung's Galaxy S4, has won the touch controller slot for the Galaxy S5, which it expects will launch in early Q2.
  • The firm asserts Synaptics' Hover tech, which enables touch-free gestures on the S4 and Samsungs' Galaxy Note hardware, allowed the company to beat out rivals Atmel (ATML -0.2%), Cypress (CY -1.8%), and South Korea's Melfas, who it thinks can't offer similar functionality. The S4 and Note design wins have contributed to the triple-digit mobile sales growth Synaptics has seen in recent quarters.
  • Shares recently sold off due to soft Dec. quarter guidance; at the time, CEO Rick Bergman stated new mobile product launches due in early 2014 would give his company a lift.
Comments (1)
  • MrMatt
    , contributor
    Comments (1307) | Send Message
     
    Not sure about this, I believe Cypress and Atmel can offer similar functionality.
    11 Nov 2013, 10:48 AM Reply Like
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