View printer-friendly version

<<  Back

Synaptics Announces Initial Public Offering

Synaptics Announces Initial Public Offering Russ Knittel
Chief Financial Officer
2381 Bering Drive
San Jose, CA 95131
(408) 434-0110

Alex Wellins or Jennifer Jarman
the blueshirt group for Synaptics
(415) 217-7722

SAN JOSE, Calif. – January 29, 2002 – Synaptics Incorporated (Nasdaq: SYNA) today announced that it commenced its initial public offering of 5 million shares of its common stock at a price of $11.00 per share. Certain selling stockholders of Synaptics have granted the underwriters an option to purchase up to an additional 750,000 shares to cover any over-allotments.

The stock will trade on the Nasdaq National Market under the symbol “SYNA.” The offering is being managed by Bear, Stearns & Co. Inc., SG Cowen Securities Corp., and SoundView Technology Group. The net proceeds of the offering will be used to expand sales and marketing activities, for strategic relationships and acquisitions, and for working capital and general corporate purposes.

The public offering is being made by means of a prospectus. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

A copy of the prospectus relating to the offering may be obtained from the Prospectus Departments of Bear, Stearns & Co. Inc., 55 Mercedes Way, Edgewood, NY 11717, Tel: (631) 254-7135, Fax: (631) 254-7140; SG Cowen Securities Corporation, 55 Mercedes Way, Edgewood, NY 11717, Tel: (631) 254-7106, Fax: (631) 254-7140; or SoundView Technology Group, 1700 East Putnam Avenue, Old Greenwich, CT 06870, Tel: (203) 321-7200.

About Synaptics
Synaptics is the leading worldwide developer and supplier of custom-designed user interface solutions for notebook computers. Synaptics products include TouchPad(TM), a small, touch-sensitive pad for interactive input; TouchStyk(TM), a capacitive pointing stick solution; ClearPad(TM), a capacitive touch screen solution; Spiral®, an inductive pen-sensing technology; and QuickStroke®, a patented pattern recognition technology for Chinese handwriting recognition. Synaptics is based in San Jose, California. The company can be contacted at (408) 434-0110, on the web at , or via e-mail at

# # #


This website contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business, and can be identified by the fact that they do not relate strictly to historical or current facts. Such forward-looking statements may include words such as "expect," "anticipate," "intend," "believe," "estimate," "plan," "target," "strategy," "continue," "may," "will," "should," variations of such words, or other words and terms of similar meaning. All forward-looking statements reflect our best judgment and are based on several factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Such factors include, but are not limited to, the risks as identified in the "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Business" sections of our Annual Report on Form 10-K for our most recent fiscal year, and other risks as identified from time to time in our Securities and Exchange Commission reports. Forward-looking statements are based on information available to us on the date hereof, and we do not have, and expressly disclaim, any obligation to publicly release any updates or any changes in our expectations, or any change in events, conditions, or circumstances on which any forward-looking statement is based. Our actual results and the timing of certain events could differ materially from the forward-looking statements. These forward-looking statements do not reflect the potential impact of any mergers, acquisitions, or other business combinations that had not been completed as of the date of this filing.