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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Josef Svejk who wrote (13050)	10/12/1998 11:45:00 PM
From: P. Ramamoorthy	Read Replies (1) \| Respond to of 13949

Josef, you did not say "eliminate" but others could have believed so. I added a qualifier to the y2k thread, not to your message. The way SI thread is set up it comes across differently. I'll need to modify my posts. Appreciate your posts. Ram

To: Josef Svejk who wrote (13050)	10/13/1998 10:52:00 AM
From: Risky Business	Respond to of 13949

Cognizant Technology Solutions Expects Third Quarter Results to Exceed Expectations NEW YORK--(BUSINESS WIRE)--Oct. 13, 1998--Cognizant Technology Solutions Corp. (Nasdaq:CTSH - news) today announced preliminary financial results for the third quarter ended September 30, 1998 and commented on the outlook for the Company in the 1998 fourth quarter. The Company will report final third quarter results on October 20, 1998. Revenue, earnings and operating margins all are expected to exceed consensus estimates. Revenue for the third quarter of 1998 is expected to increase by more than 120% from third quarter 1997 revenue of $7.1 million. Earnings per share for the 1998 third quarter are expected to increase more than five-fold from earnings per share of $0.03 in the comparable 1997 quarter and are expected to be at least 40% higher than current analysts' consensus estimates. Operating margins also are expected to exceed expectations. ''Unaffiliated companies that have become customers in the last 18 months have awarded us additional business at a faster rate than we anticipated, which has driven our strong third quarter performance,'' said Kumar Mahadeva, Chairman and Chief Executive Officer. ''We have every indication that these trends will continue during the fourth quarter.'' Cognizant Technology Solutions (CTS) delivers high-quality, cost-effective, full-life-cycle solutions to complex software development and maintenance problems. Using an extraordinary pool of over 1,400 computer sciences and engineering professionals located at client sites and at seven development centers in India, the company's offerings include application development, maintenance and re-engineering services, as well as Year 2000 and Euro-currency compliance services. CTS core competencies extend across a range of technologies encompassing data warehousing, internet, object-oriented development, client/server and legacy platforms. For more information, visit CTS on the web at http:/www.cts-corp.com. I just bought this at 8 last week!