iPhone's Uncertain Future Sends Synchronoss Into Tailspin- Heffee

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iPhone's Uncertain Future Sends Synchronoss Into Tailspin

Abstract

Shares of Synchronoss Technologies plummeted Wednesday morning after the company offered worrying guidance on its revenue related to Apple's iPhone. The stock fell $9.84, or 43 percent, to $13.06 in morning trading. The stock earlier hit a 52-week low of $12.72, far below a previous bottom of $15.15 set in early March.

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Site: MacNewsWorld
Feed: Mac (

)
Url: http://www.macnewsworld.com/rs...
Views: 5
Added On: 2008-05-07 12:20:22

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