Synchronoss Technologies Aims to Reward Shareholders

The future may be looking bright for telecom technology provider Synchronoss Technologies (NASDAQ:SNCR) thanks to its connection with Apple (NASDAQ:AAPL).

The technology company is managing the iPhone 4S activation by providing software and services that enable phone companies to turn on the phones and other wireless devices. Synchronoss provides activation services for the iPhone with AT&T (NYSE:T), Verizon Communications (NYSE:VZ) and Sprint-Nextel (NYSE:S). It has also recently expanded its role with Apple through a functional expansion.

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Following is some stock price performance information of these companies:

  • Apple (NASDAQ:AAPL): The shares recently traded at $373.45, down $5, or 1.32%, on the day.  The shares have traded in a 52-week range of $281.82 to $422.86 and its market capitalization is $349.30 billion.  About the company: Apple, Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions.  The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers.

Synchronoss Technologies (NASDAQ:SNCR): The shares recently traded at $23.52,  down 1.47%, on the day.  The shares have traded in a 52-week range of $17.74 and $35.90 and its market capitalization is $896 million.  About the company: Synchronoss Technologies, Inc. provides e-commerce transaction management solutions to the communications services marketplace.

(Note: Selected financial data are sourced from Google Finance.  All data are assumed to be accurate.)

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