SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?


To: LouieD who wrote (2065)3/25/1998 8:15:00 AM
From: TokyoMex  Read Replies (1) | Respond to of 34592
 
Very good ,, a Nasdaq so dogs can't play it ;-)



To: LouieD who wrote (2065)3/25/1998 8:20:00 AM
From: TokyoMex  Respond to of 34592
 
Syntel, Inc. Announces 3-For-2 Stock Split

TROY, Mich.--(BUSINESS WIRE)--March 25, 1998--Syntel, Inc. (NASDAQ:SYNT), a leading applications management and information technology (IT) consulting firm, announced today that its board of directors has declared a 3-for-2 stock split of the Common Stock of the Company. An additional share of Common Stock is being distributed for each two shares of Common Stock outstanding as of April 6, 1998 (the "Record Date"), payable April 22, 1998. Shareholders will receive cash in lieu of fractional shares to which they are otherwise entitled.

Following the stock split, the Company will have approximately 38.175 million shares outstanding.

"Syntel's stock has appreciated more than 200 percent since the initial public offering on August 12, 1997 and we are pleased with the shareholder value we've created to date," said Bharat Desai, Syntel President and Chief Executive Officer. "We are successfully executing on our growth strategy and we will continue exploring new avenues for expansion globally."

Revenue for fiscal 1997 grew by 35 percent to $124.3 million from $92.3 million revenue recorded for 1996. Pro forma net income for fiscal 1997 increased by 133 percent to $10.2 million, or $0.39 per share (diluted), compared to pro forma net income of $4.4 million, or $0.17 per share (diluted) for fiscal 1996. Safe Harbor Provision

This news release includes forward-looking statements, including with respect to the future level of business for Syntel, Inc. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors set forth in the Company's prospectus dated August 12, 1997. Factors that could cause results to differ materially from those set forth above include trends and developments in the information technology industry generally, which is subject to rapid technological change and the Company's concentration of sales in a relatively small number of large customers, as well as intense competition in the information technology industry, which the Company believes will increase.

Syntel, Inc. is a leading applications management, Year 2000 compliance, and professional IT consulting firm with 11 offices in North America, Europe, as well as four Global Development Centers in the US and India. Syntel provides services to Fortune 500 companies and government organizations in the manufacturing, transportation, retail, financial services, and telecommunications industries. Syntel provides complete Year 2000 compliance services through its Method2000(R) offering and Enterprise Resource Planning (ERP) implementation services through its Enterprise Solutions Practice. To learn more about Syntel, visit the company's web site at: www.syntelinc.com.

--30--djl/clv* EDITOR'S NOTE: There is an "at" symbol following "jonathan-james" in the e-mail address below. This symbol may not appear properly in some systems.

CONTACT:

Syntel

Jonathan K. James, 248/619-3584

E-mail: jonathan-james@syntelinc.com



To: LouieD who wrote (2065)3/25/1998 8:29:00 AM
From: TokyoMex  Read Replies (1) | Respond to of 34592
 
DBCC gap.

Data Broadcasting, AT&T Wireless Services and Sierra Wireless Announce Unlimited Wireless Access To Real-Time Financial Information

SAN MATEO, Calif., March 25 /PRNewswire/ -- Data Broadcasting Corporation (Nasdaq: DBCC) and AT&T Wireless Services today announced a new wireless service to provide unlimited access to online trading and real-time financial information. The service will utilize Sierra Wireless' award-winning AirCard(TM) wireless modem to receive the data. This new wireless service allows DBC to deliver wireless real-time financial data to StockEdge Online and Signal Online customers via their laptops throughout the continental U.S. Distribution services are provided by MicroAge, Inc., an integrator and nationwide distributor of AT&T wireless Internet Protocol (IP) services.

DBC customers can subscribe to the AT&T wireless IP service and purchase an AirCard(TM) modem through MicroAge. As part of this alliance, the AT&T wireless IP network is available for $49 a month for customers who sign an annual service contract. Through June 30, 1998, the $49 will include charges outside the AT&T coverage areas, after which inter-carrier fees may apply. Customers using Signal Online and StockEdge Online via the wireless data distribution will have the ability to monitor market activity and make time- sensitive trading decisions for as low as $79 monthly.

"This new service provides an unprecedented nationwide wireless solution to our customers for a low, fixed cost," said Mark Imperiale, president of DBC. "Using leading edge technology developed by Sierra Wireless and AT&T, we are able to successfully deliver continuous real-time information which is vital to the mobile trader." David Sutcliffe, president and CEO of Sierra Wireless, adds, "This alliance is consistent with our partnership with industry leading providers to bring complete wireless data solutions. With new markets emerging in financial services and sales automation, Sierra Wireless continues to deliver effective solutions to mobile users."

This service offers flexibility to mobile traders who require access to quotes, news and even the ability to place trades online. Signal Online and StockEdge Online customers will have the ability to receive unlimited access through AT&T's national wireless data network, including major cities in New York, New Jersey, Florida, Texas, Utah, Washington, Oklahoma, Oregon, Colorado and Minnesota, Pittsburgh and the San Francisco Bay area. In addition, AT&T has agreements with other wireless network carriers to give DBC customers wireless access in more than 70 of the top 100 U.S. markets. This extensive coverage allows DBC Signal Online and StockEdge Online traders the ability to monitor market activity and make time-sensitive decisions on-the-go for a fixed fee.

"Unlimited wireless access to essential financial information will change the way DBC customers measure their success," said Kendra VanderMeulen, senior vice president and general manager of AT&T Wireless Data Division. "Our network requires no dial-up connection, so users can be online in an instant and they can stay connected for as long as they need without worrying about mounting airtime costs. Combine this with our robust coverage around the U.S. and you have a wireless solution that can significantly eliminate downtime for the busy trader or investor."

Real-time quotes service will begin immediately and orders for the Sierra Wireless AirCard modem and AT&T wireless IP service will be available through MicroAge, with branches throughout the U.S. In addition to providing the wireless modem and IP service, MicroAge offers full service computer solutions. Signal Online and StockEdge Online subscribers can order a computer laptop system through MicroAge, offering a complete mobile solution to the active trader. MicroAge has two New York City metropolitan locations fully capable of demonstrating this cutting edge technology, one in the heart of Wall Street and a second in Hauppauge, Long Island. For more information call (800) 837-7662 ext. 451.

For more information about this alliance or to order wireless access to Signal Online or StockEdge Online, visit our Web site at dbc.com.

About Sierra Wireless, Inc.

Sierra Wireless is a world leader in cellular data modems and enabling software. The company brings together a world class team that sets new standards in wireless modems. Award winning modem AirCard, the world's first cellular data radio in a true Type II PC card, the 1997 winner of Mobile Insights' Best PC Card Award and Wireless and Mobility 1997 Top Product Awards.

For more information about Sierra Wireless, visit the Web site at sierrawireless.com.

About MicroAge

MicroAge Integration delivers efficient technology solutions through the deployment of people, processes and technology. The company provides ISO-9001 certified multi-supplier integration services and distributed computing solutions to large organizations worldwide. The company serves corporations, institutions and government agencies through its network of branches and alliance partners spanning 34 countries. MicroAge Integration is a part of MicroAge, Inc., a Fortune 500 provider of global technology solutions. MicroAge Integration is based in Phoenix, Arizona. More information can be found on the World Wide Web at www.microage.com.

For more information about MicroAge, visit the Web site at www.microage.com or to order, call (800) 837-7662 ext. 451.

About AT&T Wireless Services, Wireless Data Division

The Wireless Data Division of AT&T Wireless Services is a recognized world leader in the development of wireless data communications networks designed to meet the entire spectrum of business data communications requirements, from short transactions, such as messaging, data entry and dispatch, to longer sessions typical of file transfers and interactive computing. For more information, customers can contact AT&T Wireless on the Web at www.attws.com/nohost/data.

About Data Broadcasting Corporation

Data Broadcasting Corporation is America is leading provider of real-time market data to the individual trader and investor. The company delivers real- time stock quotes, financial and sports news and gaming information to 250,000 users via PCs, wireless FM, cable satellite and the Internet (http://www.dbc.com and cbs.marketwatch.com). With its Capital Management Sciences division, Data Broadcasting also is the leading provider of fixed income portfolio analytics used for valuation and risk management purposes.

For more information on DBC's line of financial information products, visit our press room on the Internet at dbc.com.

SOURCE Data Broadcasting Corporation

CO: Data Broadcasting Corporation; AT&T Wireless Services; Sierra Wireless; MicroAge, Inc.

ST: California

IN: TLS

SU: PDT

03/25/98 08:19 EST prnewswire.com

To edit your profile, go to keyword NewsProfiles.
For all of today's news, go to keyword News.