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STOCKS NEWS EUROPE-Synchronica up on first devices order

Wed Nov 4, 2009 7:21am EST

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Shares in Synchronica (DAU.L) rise 11 percent after the developer of mobile email software receives its first purchase order for low-cost mobile devices from a Central-African operator.

"Whilst we expect the revenue from this initial order to be modest and Synchronica will only recognise the revenue in its H1 2010 accounts, it is significant that the purchase order has been received well ahead of expectations and Synchronica is delivering against its strategy," says analyst Paul Cornelius at FinnCap.

For company statement, click on [ID:nRnsD9059B]

Reuters messaging rm://paul.sandle.reuters.com@reuters.net


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