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

To: JDN who wrote (421)	12/6/1997 7:46:00 PM
From: megazoo	Read Replies (2) \| Respond to of 2761

Syntel 3rd quarter: Syntel's net account receivables is higher than cash. (24 mill vs. 22.3 mill). it has more than 5 million dollars to collect in advanced billings. if these numbers were coming from a capital-intensive growth industry like the networkers, or the semi's, i would have been quite alarmed. but i don't know what to make of it in SYNT's kind of business, since they don't have any 'channels to stuff'. 5 million in advanced billings is no pocket change for a company like synt. i know big companies like PSFT also have large amount of A/R and advanced billing. i have a few questions to more knowledgeable investors: why is A/R so high for Syntel. what constitutes A/R in their business? do any of you have experience dealing with the payments in consulting business. do they get paid eventually? i hope so. thanks in advance.