Synaptics (SYNA -6.3%) tumbles on a downgrade to Hold from Needham's Rajvindra Gill. Like so...

|By:, SA News Editor

Synaptics (SYNA -6.3%) tumbles on a downgrade to Hold from Needham's Rajvindra Gill. Like so much recent negative tech commentary, Gill's downgrade revolves around PC demand: he thinks poor notebook sales puts Synaptics' Dec. quarter estimates at risk, given the market accounts for ~50% of the company's sales. This, along with weak pricing and a mix shift in the mobile phone touch controller market, is expected to offset Synaptics' early lead in the in-cell touch controller space.