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Thursday, April 24, 2008

Synaptics (SYNA) 3Q:2008 Results

Co beats on the top line by a small amount, hits the EPS estimate ex an auction rate securities charge.

Guidance of 90-95mm is above street's 87mm estimate. Guidance for the following quarter of 8-14% suggests range of 97-108mm with street at 101mm.

Big short interest here. $34 could easily become support in a higher chart.

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