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

To: Nanda who wrote (447)	12/16/1997 1:03:00 AM
From: Sultan	Respond to of 2761

Could it be the valuation and liquidity that makes this one different then other system consulting cos. Book value is only 36m, share o/s is 26.1 m of which the float is what 3m and last 9 months revenue was 88.9 with earning of .24. Even at this price, the market cap is about 275 million. Unless the expections is that the business is going to go up dramatically, it might be a bit rich. Ofcourse, it could be tax loss selling that is driving the price down with thin float. Note: I don't have any position in the stock.