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Technology Stocks : SYNTEL (SYNT) - Upcoming Year 2000 IPO -- Ignore unavailable to you. Want to Upgrade?

To: gerald tseng who wrote (2698)	2/22/2000 8:49:00 AM
From: JDN	Read Replies (1) \| Respond to of 2761

Dear Gerald: Phoey!! Its probably right also as the company usually guides the consensus estimate pretty accurately. I dont know why unless the start up costs on these B2B companies is significant. I was hoping this would be the year for the rapid turnaround, now I am thinking this may be the year of the growth of the B2B and next year the profits from same, if any. I notice the consensus recommendation has also gone from 2.0 to 2.33. Guess all this accounts for the price dip. JDN

To: gerald tseng who wrote (2698)	2/22/2000 3:11:00 PM
From: TraderTerry	Read Replies (1) \| Respond to of 2761

Thanks GT for the info. I would not read too much into the revision. I guess they are focussing on the incubator. Heard that they have a couple of teams focussing just on the 2 sites. Also heard from my sources in India that the Indian operations of Syntel is contemplating creating a bunch of portals for the Indian market. That is one hot market :-)

To: gerald tseng who wrote (2698)	2/23/2000 9:25:00 AM
From: TraderTerry	Read Replies (2) \| Respond to of 2761

GT, JD, Apparently the MoneyCentral site got it wrong. There is no change in the analyst rating. After the 4Q earnings Roberstson mantained its Buy, Adam Harkness reiterated their accumalate and H&Q maintained the market perform. In addition Prudential is in the process of replacing the analyst that covered SYNT - Tom Browne. As per the company, SYNT is in communication with the MoneyCentral site about correcting the ratings. Also the consensus estimates were slightly guided down due to general industry-wide slower ramp up of spending in the first part of 2000 by corporations. It was not due to snything specific with SYNT.