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

To: LANDRUSH who wrote (2073)	10/28/1998 1:08:00 PM
From: JDN	Read Replies (1) \| Respond to of 2761

Dear Landrush: OH, I thought that you meant a downgrade based upon 3rd qtr results. As to dumping 3rd qtr. It goes like this, Companies DO NOT want to give their shareholders and unpleasant surprise in the 4th qtr. Thus if there is anything doubtful on the horizon they write it down in 3rd qtr. Also, if qtr is shaping up well they have a tendency to not PUSH sales into the 3rd but let them drag into the 4th. I dont know for sure if that is what happened here but it would not surprise me. SYNT had a low consensus number (13 cents) for 3rd qtr so there was no incentive to beat it by more than 4 cents. Thats my read of the situation. As to the Prudential downgrade I thought that it was related to price. But perhaps I am wrong, I cant be sure anymore. But I am sure in my mind they will beat the original consensus number for 1998 which I think was 64 cents. JDN