I think that was a huge hit for disappointing forecast.
They also announced buyback program yesterday.
BRIDGEWATER, N.J., May 06, 2008 (BUSINESS WIRE) --
Synchronoss Technologies, Inc. (Nasdaq: SNCR), the premier
provider of on-demand transaction management software to Tier One
communication service providers, today announced that its Board of
Directors has authorized a stock repurchase program under which the
company may repurchase up to $25 million of its outstanding common
stock. Synchronoss plans to make such purchases at prevailing prices
over the next twelve months, subject to applicable rules and
regulations of the Securities and Exchange Commission.