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: Sultan who wrote (800)	2/18/1998 6:08:00 PM
From: Mike Winn	Read Replies (1) of 2761

Sultan - you're right, I normally stay away from over valued stocks but I also know how to play momentum stocks such as Y2K. But within the over valued stocks, I pick the ones that do have income and are just ahead of the earnings curve and I stay away from the hot air balloon ones. Btw, I bailed out completely from SYNT yesterday at prices between 22 and 22 1/2. I did that after reading the comments of the CEO of IMRS who said that the company is exiting from the Y2K business. That tells me that Y2K business is drying out and also it may no longer be a profitable business as cost of remediation has dropped from $1.00 per LOC to $0.30 per LOC. I think there will be another wave of Y2K momentum between this summer and late this year. Afterwards, Y2K issues may no longer be safe to play.

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