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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: umbro who wrote (12536)	8/4/1998 12:30:00 PM
From: Oeconomicus	Respond to of 164684

Gary, there is precedent within the sector for the acquirees to be able to sell right away after closing. All AMZN has to do is register their shares. YHOO did that on a couple deals earlier this year. Bob

To: umbro who wrote (12536)	8/5/1998 8:26:00 AM
From: Glenn D. Rudolph	Respond to of 164684

Borders Group Signs IntelliSourcing -- SM -- Contract with Syntel, Inc. Business Editors TROY, Mich.--(BUSINESS WIRE)--Aug. 5, 1998--Borders Group, Inc. (NYSE:BGP), one of the largest retailers of books and music in the world, has signed a multi-million dollar, multi-year contract with Syntel, Inc. (NASDAQ:SYNT). Under this fixed-fee contract, Syntel will assist with the ongoing management of Borders' Year 2000 compliance project as well as provide value-added maintenance services to further enhance Borders' efforts. Syntel is using its ITAA*2000 certified service -- Method2000(SM) -- to help identify, convert, test, and put several million lines of code back into production for the retailer. "Our Method2000 approach is quickly and comprehensively helping Borders meet the Year 2000 challenge head-on," said Bharat Desai, Syntel President and CEO. "We're also taking advantage of our Global Delivery Model to execute an around-the-clock approach to complete the project on time and! on budget." Syntel's on-site team of professionals will work closely with both Borders' technical team as well as Syntel's team at the Global Development Center in Mumbai, India. In addition to helping Borders achieve Year 2000 compliance, Syntel will utilize the knowledge capital gained during the Year 2000 engagement to provide value-added software maintenance services to the retailer. "We selected Syntel for this important initiative because they clearly demonstrated their expertise in helping to manage complex large-scale engagements and their global model gives us a distinct speed and quality advantage," said Ron Staffieri, Chief Administrative Officer at Borders. "Particularly appealing to us was the fact we could leverage our Year 2000 investment into a long-term, value-added software applications maintenance relationship with Syntel which further enhances our own efforts." Business Wire - August 05, 1998 08:17 %SYNTEL %BORDERS-GROUP SYNT %MICHIGAN %COMPUTERS %ELECTRONICS %COMED %ENTERTAINMENT %RETAIL V%BW P%BW About Syntel, Inc. Syntel is a leading Applications Management firm providing development, maintenance, Year 2000 compliance and packaged applications implementation services to leading Fortune 500 companies and government organizations such as Ford Motor Company, AIG, Dayton Hudson Corporation, and Allied Van Lines. Founded in 1980, Syntel has offices in North America, Europe, and Asia, as well as four Global Development Centers in the US and India. The company has more than 2,000 employees and recorded 1997 revenues of $124.3. For more information on Syntel, visit the company web site at: www.syntelinc.com 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 annual 10-K document dated March 30, 1998. 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. NOTE TO EDITORS: There is an asterisk between the word "ITAA" and "2000", mentioned in the second graph of this release. This symbol may not appear properly in some systems. CONTACT: Syntel, Inc. Jonathan K. James, 248/619-3584 jonathan_james@syntelinc.com