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

To: Narotham Reddy who wrote (876)	2/24/1998 3:26:00 AM
From: P. Ramamoorthy	Read Replies (1) \| Respond to of 2761

Congrats! I still have a lot of SYNT left for more profits. May get back in at price dips. An increase in the float may allow the institutions to participate. Even , without the increase, the average daily volume has been impressive so far. SYNT is already moving into ERP business, CBSL has been in outsourcing for a long time, IMRS has strategy to get into outsourcing. Still making profits from these. As you know, SAP, BAAN, ORCL projects take a long time to implement. These are areas that will flourish after year 2000. US immigration will revise the laws to allow US companies to get computer technologists outside US. Shortage of programmers is very acute. About six months ago, several people were wondering what happens after year 2000. This week's Barron's (Eric Savitz), as usual, predicted that these companies would "evaporate". We know that these companies and their programmers are not going to "evaporate" after year 2000. Another misconception: Many people assume that the y2k remediation expenses will come from a company's Information Technology budget. Perhaps small companies may have this problem. For Fortune 100 companies, Corporate funds are used for the y2k remediation projects. CEO's want to comply with SEC's advice. Ram