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

To: bob oserin who wrote (668)	1/7/1998 12:57:00 PM
From: jgibbs	Read Replies (2) \| Respond to of 2761

Also posted this on the y2000 board. News certainly can't hurt. According to an article today on the front page of the business section in Raleigh, NC's "News & Observer," Syntel is "beefing up its troops with a high-tech boot camp." A few paragraphs: "Syntel hopes to find and train at least 50 people who would work for the company for at least two years." "The main reason we created and continue to expand this program is that there is a major, major shortage of IT people in the US," according to Syntel's director of marketing. "As more people gear up to battle the year 2000 bug, they're going to be looking to people like Syntel for help." "The company provides a variety of computer consulting services, but the year 2000 problem has become a big growth area for Syntel, as it has for many companies." Syntel developed the "boot camp"...in Cary (just outside Raleigh where Syntel has some 400 employees - one of its "four global centers") last year and graduated aobout 25 people who have the necessary skills to help rewrite computer codes to fix the bug. This year the program hopes to double the number of graduates. "The course, which lasts eight weeks, provides basic training in a variety of programming languages used with mainframe computers. After the training, there is a mentoring program that lasts up to six months.Graduates then must work for Syntel for two years." In exchange, trainees can expect to make between $26,000 and $32,000 when they first start the training program. Within two years, the salary should jump to at least $40,000.