Synaptics shares tumble following weak earnings

Published: Jan 20, 2006 9:41 a.m. ET

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Technology reporter

SAN FRANCISCO (MarketWatch) -- Synaptics Inc. SYNA, -0.90% shares fell as much as 12% Friday after the maker of computer touchpad technology reported a decline in its second-quarter profit and sales. Synaptics fell $3.72, to $27.13, after reporting on Thursday a profit of $4.8 million, or 18 cents a share, on revenue of $48.6 million. During the year-ago period, Synaptics earned $9.7 million, or 33 cents a share, on $56.5 million in revenue. Synaptics shares have suffered for almost a year following disclosures that Apple Computer Inc. AAPL, -1.46% wouldn't include the company's technology in new laptop computers or iPods.