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

To: wlheatmoon who wrote (555)	12/27/1997 9:48:00 AM
From: wlheatmoon	Read Replies (1) \| Respond to of 2761

3% of stocks owned by institutions based on S&P filing reported on quote.com as of 12/27/97 schwab.quote.com Earnings estimate from Hoover's (Zack's) page. Company Reports: SYNTEL INC Consensus Estimate for Current Fiscal Year ( 12/97 ) $ 0.35 per share Consensus Estimate for Next Fiscal Year ( 12/98 ) $ 0.46 per share Consensus Estimate for Current Quarter ( 12/97 ) $ 0.09 per share Actual Earnings Last Quarter ( 9/97 ) $ 0.11 per share EPS Surprise Last Quarter 38 % MChen

To: wlheatmoon who wrote (555)	12/27/1997 11:19:00 AM
From: JDN	Respond to of 2761

Dear M Chen: I am not that smart, if I were I would have had the courage of my convictions and bought even more when it dropped so low. What happened so far is what I hoped would happen comparing SYNT to IMRS but I didnt double up as I should have. In my defense, all I can say is Market Psychology is a powerful thing, it scared me off. As to the last few days I noticed that even though all stock markets had record low volume SYNT had unusually high volume. To me that means somethings up. Either institutions are "sneaking" in or someone knows something we dont know. In any event, I intend to ride it out and see what develops. Ultimately, I believe that SYNT must go far higher unless the husband and wife who own a huge percentage of the stock (I think around 88% but dont quote me without checking yourself) start selling theirs, which I kind of doubt they will. As to who bought the IPO, if I ever knew, I have forgotten. I came in just after that, others on this thread are more knowledgeable than I on that matter. JDN