I don't get it. Investors should have seen this one coming. But judging by the fact that shares of transaction management software firm Synchronoss
With the Apple
The company is also moving quickly into international markets, particularly Europe, where it is teaming with local system integration firms already familiar with carrier and back-office systems. With its success in the U.S. with its activation product for the iPhone, it's likely that Synchronoss is working with Deutsche Telekom's T-Mobile, France Telecom's
Still, announcing that it's adding a struggling U.S. carrier to the roster doesn't seem like it should significantly affect the stock price. It's likely that the wild swings in Synchronoss' price are fueled by speculators trading in and out of shares of the recent IPO. It's hard to blame them -- any company that's riding the iPhone's coattails these days is bound to be a fervent topic.
With the rapid growth and high-profile customer list, it's also likely that stock in the company will never be cheap, so investors looking to tap the Synchronoss opportunity should tread carefully. Chances are, you'll pay a steep premium for a volatile stock that knows few bounds.
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