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

To: Intrinsic Value who wrote (804)	2/19/1998 12:25:00 AM
From: Kathy Riley	Read Replies (2) \| Respond to of 2761

I agree. Synt is in a great position. They are keeping the percent of business to Year 2k, somewhere in the range of 7% this year, 15% next year. That is from recall, I hope to have more light shed in conference call tomm. Also, Mike W, I do not interpret IMRS as not taking on more year 2k work as indicative of the year 2k market slowing down, I think it has to do to do with their long term strategy, their profit margins and capacity to do this type of work. The year 2k market currently, the majority of the code has still not been converted. And IMRS's contracts are one tiny dent out of the business available. I am personally not expecting a big sell off tommorrow. Other IT technology companies current valuations are evidence of the value the market is currently placing on this rapidly growing sector. The conference call is at 7AM, (415)908-4710 Replay to be played one week, 800 633-8284 Res 3825753. Looking forward to an interesting morning :), Kathy