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

To: Senor VS who wrote (1730)	5/29/1998 2:00:00 AM
From: P. Ramamoorthy	Read Replies (1) \| Respond to of 2761

Ravi Thanks Ravi. China did not devalue their currency in the midst of the Asian flu. They may not. The Indian rupee is expected to hover around 40-45 per dollar, helping some y2k body shops broaden their margin. Not impressed by the nuclear weapons pointed at each other in Southern Asia. Does anyone dare to fire one? Who goes first? Well, the bomb with a faulty y2k embedded chip will go first. The real y2ktimebomb! sorry, still cynical about this whole madness... Overall market was in trouble. The momentum players left the y2k sector. Not just y2k, but many tech stocks are close to bargain levels. Transition from the big cap to small caps stocks was supposed to occur this year. So far it did not happen. Russell 2000 was behind. S&P 500 shows gain and is diverging from the DOW average. Funds designed to beat S&P 500 are moving funds to keep up with S&P 500 advances. Some of the DOW stocks seem to attract the funds, in spite of a second wave of the Asian flu. I'm still trying to find answers to y2k sector non-performance. Ram