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

To: Craig Rogers who wrote (570)	12/27/1997 8:37:00 PM
From: Jeffrey E. Klein	Read Replies (1) \| Respond to of 2761

Craig, I do not think anyone can predict what this stock will do in the short term but I have become more positive. This stock had come down pretty steadily until recently. From what I have been reading is more institutional investors are investing in the company. Earnings for the 4th quarter should be coming out in a few weeks, another earnings surprise on the upside would probably propel the stock upward as well as additional y2k contract announcements--time is starting to run out on companies needing help with their y2k remediation. Also, selling to establish a tax loss may be over. I do not think profit taking is a big concern for me at this point. IMO, the stock price is just recovering from rediculously low levels, having fallen there without any negative news that I am aware of. Jeff