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Technology Stocks : SYNTEL (SYNT) - Upcoming Year 2000 IPO
SYNT 40.990.0%Oct 10 5:00 PM EST
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To: Steven Angelil who wrote (220)9/26/1997 8:04:00 AM
From: Raj Ramaswamy   of 2761
 
Dear Steven:

Well, my belated reply is whatever that helps small investors like me, I would like to share the information. This is NOT inside information. I am not privy to any executives of SYNTEL. This sort of news is again no big deal. If a company gets a project and the persons who would naturally know are those who are working at the client's site. And if they happen to own SYNTEL stock, nothing wrong in sharing the good news. And I for one, would like to share the same in SI as much as I soak up information from other's research on SI.

By the way this is what I received from PR Jonathan James of SYNTEL:

Jonathan James
09/25/97 04:34 PM
Raj: Thanks for your recent note. Yes, Syntel is pursuing media coverage opportunities that will further our cause: showcase our core competencies, attract new clients, and support the stock.

Jonathan James
Director, Marketing
Syntel, Inc.
-----------------------------------------------

Now that DBC interview has become public, it just confirms that the company is on right track in bolstering investor confidence.

The press release I was talking about, is being reviewed by the Chrysler management as I write, for appropriate wording. Definitely, the press note is planned to be released very soon. I apologize if I was little carried away by over-enthusiasm on the timing.

Raj
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