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Synchronoss Technologies Inc. (SNCR) generates a majority of there income acting as the activation service for iPhones going onto AT&T's (T) network. Today Apple Inc. (AAPL) announced that they had made a deal with Vodafone to sell iPhones in overseas markets, bypassing both AT&T and Synchronoss. SNCR has released a statement lowering there earnings forecast substantially. I recommend that you avoid this stock.
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guliamo
May 09 at 2:24 ET
That's a good deduction, thanks for the heads up. It's proof that one shouldn't invest in companies that draw their revenue solely from the activity of bigger companies. when you feed off one food source, you're on shaky ground, no doubt.