SYNTEL (SYNT) - Upcoming Year 2000 IPO Message Board

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Technology Stocks : SYNTEL (SYNT) - Upcoming Year 2000 IPO

SYNT 40.99

0.0%

Oct 10 5:00 PM EST

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To: RBB who wrote (625)	12/30/1997 3:14:00 AM
From: Mike Winn	Read Replies (1) of 2761

Thanks Rambabu for the insider trades info. I was laughing at the insider buy of 2700 shares, not at what you posted. I wonder why they do that. Yes the 30K shares purchased in August is more substantial. Also, there is a lockout period of 180 days from the IPO date during which the insiders are not allowed to sell. So the fact that they don't sell don't mean much. The thing I like about Syntel is that management is busy managing the company, not the stock. While the stock was dropping from 18 down to 8ish, there was no phony news put out by the company such as "Syntel has signed up a pilot project with XYZ company to provide assessment for ABC project" (unlike some wanabe Y2K companies we know). When Syntel announces a contract, it's always a real contract with dollar sign $$$ pasting all over it. Management does not put out news to make the stock go up. That's a sign of good management with no hype. Kathy, it's midnight now and I am starting my writeup. It will be done probably in an hour and I will post over the other thread. OK, this is the Syntel thread and I promise I won't talk about embedded systems here again.

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