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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: Richard K. who wrote (2446)2/20/1999 8:22:00 AM
From: JDN   of 2761
 
Dear Richard: As I said, I dont follow CHRZ so I cannot say why they are at such a low PE. I presume their future prospects are not bright, maybe they rely more on Y2K business. But SYNT is at a historical low PE and they do not rely very much on Y2K. 18% in 1998 and I presume even less now. But, there is no getting around the fact that nearly all the Russell 2,000 stocks have been shellacked and no one knows when they will recover although many people feel its just a matter of time. JDN
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