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Tuesday, July 22, 2008 1:13:33 AM
from Eric Savitz's 7-10-08 SeekingAlpha blog:
Kainer "doesn't anticipate a reversal of the new (Apple) plan." "But he writes that 'neither do we dismiss the possibility' that SNCR could yet play a role here."
SNCR price target: $11.
"Now, I should note here that Kainer wrote all this in the context of a research note on Synchronoss Technologies (SNCR), which the first time around had a deal to provide activation services for AT&T for the phone. He thinks Apple and AT&T could have created a much faster process - and saved themselves over $10 per activation - by using SNCR’s services again. He doesn’t anticipate a reversal of the new plan, and in fact today cut his target price on SNCR shares to $11 from $16. But he writes that “neither do we dismiss the possibility” that SNCR could yet play a role here.
“We believe Synchronoss’ role in driving customer satisfaction by engineering and automating an elegant iPhone activation process will be irrefutable when comparing the 6/29/07 and 7/11/08 customer experiences," he concludes."
So I guess the answer is a big MAYBE. Time will tell.
GLTA
Recent SNCR News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 01:30:46 AM
- Form SC 13D/A - General Statement of Acquisition of Beneficial Ownership: [Amend] • Edgar (US Regulatory) • 08/21/2024 09:15:01 PM
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