Telcos face stiff competition so what they can charge is limited by market dynamics, and it’s going to get worse with entry of companies like Google.
I am not willing to concede on this Anirban but I do agree with what you have to say on the phones. But lets put this aside and tell me what you think about Synchronoss and its business. I can see what Denny is saying about the IOT portion of the business, but everyone in the cloud space is doing the same exact thing. Synchronoss just seems to not have a moat unless they can embed themselves in the cell phone companies and capture those customers. I am not sure how many people would be willing to pay for cloud storage, just as an anecdotal I have had friends tell me they are to cheap to pay for any storage. I know that isn’t anywhere conclusive but I tend to agree. So what are your thoughts on Synchronoss?
Thanks,
Andy