Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Touch-interface technology maker Synaptics
So what: Synaptics also announced two acquisitions, of Pacinian Corp. and of the video display segment of Integrated Device Technology
Synaptics' forward guidance is still cause for concern. The company expects weak touchpad demand from major laptop makers like Lenovo, Dell
Now what: It's tough to call this bounce warranted. Unless Synaptics can find a new source of strength in the post-PC world, there's little reason why this optimism should last. At 17.6, Synaptics' P/E is twice that of either Dell or HP, so buying in now would require belief in the company's ability to diversify into more popular mobile devices.
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Fool contributor Alex Planes holds no financial position in any company mentioned here. Add him on Google+ or follow him on Twitter @TMFBiggles for more news and insights. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.