The Nasdaq stock exchange has had a look at Synchronoss’ belated accounts and decided everything is now sufficiently in order for it to be re-listed.

Scott Bicheno

September 28, 2018

1 Min Read
Synchronoss allowed off the Nasdaq naughty step

The Nasdaq stock exchange has had a look at Synchronoss’ belated accounts and decided everything is now sufficiently in order for it to be re-listed.

Regular readers of Telecoms.com will be familiar with the accounting soap opera that has plagued cloud services vendor Synchronoss for the past couple of years, resulting in it being kicked  off the Nasdaq earlier this year. Accounts were finally filed in July and it will presumably be of immense relief to everyone connected to the company that the man from Del Nasdaq, he say yes.

“This is a major milestone for Synchronoss,” said Synchronoss CEO Glenn Lurie. “Meeting our SEC financial reporting obligations and Nasdaq listing requirements has been a top priority since I joined the company last November, and the lifting of the Nasdaq suspension achieves that objective.”

“We are now exclusively focused on executing on our strategic priorities and laying the foundation for improved growth and profitability in 2019 and beyond. We are in the right place at the right time to prosper as the telecommunications, media and technology industry turns to digital innovation.”

That’s the ultimate point. Lurie can reasonably claim none of the responsibility for the mess created by the previous administration (although he presumably did his due diligence before joining) and now that it’s all sorted he just wants to get on with the day job. That’s fair enough and it would presumably help if hacks didn’t keep digging up the past, but what can you do? You can start trading SNCR on the Nasdaq again from next week.

About the Author(s)

Scott Bicheno

As the Editorial Director of Telecoms.com, Scott oversees all editorial activity on the site and also manages the Telecoms.com Intelligence arm, which focuses on analysis and bespoke content.
Scott has been covering the mobile phone and broader technology industries for over ten years. Prior to Telecoms.com Scott was the primary smartphone specialist at industry analyst Strategy Analytics’. Before that Scott was a technology journalist, covering the PC and telecoms sectors from a business perspective.
Follow him @scottbicheno

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