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Technology Stocks : Intellisync Corp (SYNC) -- Ignore unavailable to you. Want to Upgrade?

To: sixty2nds who wrote (19)	9/1/2005 7:11:35 AM
From: sixty2nds	Respond to of 67

31-Aug-05 07:53 ET In Play Intellisync: Solid F4Q; Guidance in line; maintaining estimates - JP Morgan (SYNC) 3.39 : JP Morgan notes that SYNC reported a solid qtr with wireless services revenues growing rapidly, from 15% in 3Q to 30% (about $4.7 mln), beating the co's prior guidance of 20% and implying qtr/qtr sub growth rate of over 85%. They say guidance was in line with firm's expectations, pointing to a F1Q06 $0.02 EPS loss on $16.0 mln in revs owing to the ongoing effect of the summer season in Europe. They note that new customers include Nextel, DoCoMo and Vodafone KK, and say product offerings are likely to be extended in September with the addition of instant messaging. Firm believes uncertainties relate to the OEM business (declining moderately) and the timing of enterprise sales. The SSA security business (approx 25% of sales) grew about 5% q/q. Reiterates Overweight.