Monday, July 23, 2007

Other Compnies who ride iPhone wave, the profit wave!

Eric J. Savitz. of Tech Trader Daily at Barron's pointed out another company that stand to gain from every iPhone sale!, as much as $8.00 per iPhone, per activation. Were these people responsible for initial activatio snafu?
Sychronoss Technologies (SNCR) generated over 70% of its revenue from AT&T (T), which has an exclusive carrier relationship with Apple for the iPhone; the company provides transaction management services, generating fees when new customers register their phones for service.
ThinkEquity analyst Eric Kainer raised his price target for the company and have caused activity on Sychronoss shares.
Eric's post at Barron's.


Blog Widget by LinkWithin