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More on Synaptics' FQ1: FQ2 guidance is for revenue of $134M-$142M vs. a $136.5M consensus....

More on Synaptics' FQ1: FQ2 guidance is for revenue of $134M-$142M vs. a $136.5M consensus. Given how much PC industry expectations have fallen, that's a very pleasant surprise. Also, gross margin was 47.7%, up 150 bps Q/Q and 180 bps Y/Y. Backlog rose by $24M Q/Q to $74M. 51% of revenue came from mobile products, and 49% from PC products (was 44%/56% in FQ4). Results could bode well for ATML and CY. SYNA +17.1% AH. CC underway (webcast). (PR)

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