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

To: JDN who wrote (417)12/5/1997 6:16:00 PM
From: Jeffrey E. Klein  Read Replies (1) | Respond to of 2761
 
It is my understanding that management owns 88% of company. Then float should be 12% of 25 million outstanding shares which is 3 million shares.

Is the float actually 3 million? IBD lists float as 25 million.
If float is actually 3 million, does this amount pose a problem?

Syntel's downward descent is also baffling to me.

Jeff Klein



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