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: Logain Ablar who wrote (2336)	12/31/1998 2:48:00 PM
From: JDN	Read Replies (2) of 2761

Dear Timothy: At the end of last qtr. Management indicated they were going to phase out of Y2K work starting immediately to focus on continuing business. They also indicated they were doubling their sales staff in their most lucrative product area. For some silly reason analyst took that to mean that their growth would stagnate (previously the WORST qtr showed 30% Revenue Gain and even higher profit gain. I do not believe the Analyst latest estimate which is basically same as 1998 ACTUAL for 1999 but I believe that is why the price is down so much. IF they maintain their growth, and it being without counting on Y2K then upgrades and substantial stock appreciation is likely for 1999. JDN

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