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The Q4 results were overshadowed by Tobii’s announcement on Monday of negotiations with Sony on eye-tracking for its new VR headset. If a deal is announced we believe the shares should react positively – given the lack of certainty, not all the upside is likely to be priced in. At the very least, in our view, the fact of the negotiations validates Tobii’s market position. We only tweak our estimates at this stage, and raise our fair value to SEK 45 (44).
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