Loading ...[[SNCR]]…This company first came public back in 2006, under $10 and then worked it’s way up to $48 last October. Consistent with it’s tech DNA, it suffered a precipitous decline since then and has started to retrace it’s former cliff diving activities. That’s when it showed up on my radar.
Briefly, this is one way to piggyback on the growing prevalence of iPhones. They basically are a leading provider of “multi-channel transaction management solutions to telecom”. Basically a “back office” service provider.
Their “ConvergenceNow” software platform processes transactions like new account activations, new feature requests, account changes and customer orders for products sold on the telecom providers websites. In that regard, it integrates with the telecoms back office systems like billing and customer contact management systems, credit checks and address validations, among other things. Most all (85%) of it’s revenue in 2007 was generated from this platform.
Customers include: AT&T, Sprint, Vonage, CableVision, Level 3, and a few others.
SNCR should benefit from the growth of iPhones and other smart phones, as the company receives revenues per activation.
Revenues are expected to grow by 23% in 2008, a slower pace than the 71% growth in 2007. The 2008 estimate is as a result of the slowdown in the application software industry as a whole. However, just as [[AAPL]] surprised us with the iPhone sales, so SNCR may do the same.
The risks include SNCR’s dependence on AT&T for the iPhone biz and contract renewal; slower growth in the U.S economy in 2008 and potentially into 2009, as well as globally; lower than expected growth rates in wireless; and increased competition.
I’m interested in what BEAS might have to say, as well.
Disclaimer: I have a position in SNCR.
Don’t sweat it. I happens to us all.
WTF?? ^^ ??
sncr just got tossed off a cliff.
That was fucking wonderful. My first potential blow up of the year, although a small position. You were right to be worried about earnings (?). Didn’t disappoint by much, though.
I will now go and flagellate myself with spiked whips.
Sorry I ever posted on that POS. Fucking iPhone back office turds…
We’ll see what tomorrow brings.
‘cliff’ may be an understatement. Tossed out of an airplane with no apparent parachute.
DPeezy, while your bashing it, pop a cap in its ass.
Update: the POS is down $260M in mkt cap AH. I want to choke somebody.
Put it out of its misery?
No, wait. Let’s see what the asshat dip buyers do in the AM.
True…as I learned today in CLF, good news is great news, but bad news is even better.
I don’t get it. Commodities are supposed to be coming down and tech is supposed to be going up. Everyone was supposed to get the memo.
Reminds me of GRMN chart. Short down to $9.
Head and Shoulders is a bitch.
brutal … sorry bro , it happens
This is like revealing Obama’s gay lover the night of the election.
[Oops! Oh... hi Karl... heh, heh....
Listen, Karl... I didn't mean to let the cat out of the bag so early, Karl...I... no KARL!! PUT THE GUN DOWN!! I didnt't...!! ....]
BANG-BANG!
BANG!
BANG!
BANG!
BANG!……
…..
…..
BANG!!
Juice, I’ve had worse happen, back in the day when the Fly was a tech analyst.
Jake, you have a vivid imagination. I take it that the pause was when he had to reload the six-shooter.
(From the Great Beyond)
That was the “walk over and make sure” head-shot.
iPhones being unlocked are the death of SNCR. Jake, I’m gonna need that gun for a minute.
(from the Great Beyond)
I’d give it to you, but I’ve yet to master astral plasma cohesion yet.