Synchronoss Technologies Inc (SNCR)

[bowonwing]

Apple abandons a requirement that iphones be activated in the store. Could that mean they go back to Sncr for activation? Short answer: probably not, but ... ??

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