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wadegarret

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wadegarret

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Monday, 07/28/2014 7:03:05 PM

Monday, July 28, 2014 7:03:05 PM

Post# of 173709
R59/Hweb/Cliff- SYNA

From what I'm reading, the Apple deal should make SYNA an additional $2.70/year over the next 1-2 years. They're making around $1.40/qtr now without the Apple deal, so that would be $5.40. So $5.40 plus $2.70 is $8.10. This is what Needham thought only weeks ago. I guess we really need to know how much the weaker Samsung smartphone sales reported in the June qtr will hurt SYNA going forward. However even if it hurts them to the tune of 20% less EPS on the $5.40, that still means SYNA will post $7+ non gaap EPS going forward. Tack on a historic 15 PE going forward, and we get a $100 target.

Please let me know in your opinion how much the lower Samsung smartphone sales in the June qtr and going forward will hurt SYNA EPS/qtr. Thanks
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