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

To: kaydee who wrote (2094)	10/29/1998 6:35:00 PM
From: HVN	Respond to of 2761

I can't think of many companies saying that they are focusing on Y2K stuff for next year - despite the fact that a significant portion of next year's spending is going to be on Y2K - at least that's what's keeping many CIOs up late. So, what SYNT is saying in no different from what the other larger SI companies are saying - if you're looking to build a long term viable business, you'd better be looking a step ahead for what the market is going to require. The market currently requires Y2K - it ISN'T going to need it after 1H99. Today's fall, on top of yesterday's decline is crazy!

To: kaydee who wrote (2094)	10/30/1998 5:35:00 AM
From: JDN	Read Replies (1) \| Respond to of 2761

Dear DBK: Agree with you on the Y2K comment. I bet that in reality they will take ANY profitable contract that comes along, especially if it is with a major company which allows them a FOOT IN THE DOOR or a major customer whom they must service or someone ELSE gets a FOOT IN THE DOOR. I suspect that their commentary merely is to highlite the fact that they are NOT a Y2K company, as I have heard rumours that the funds no longer will invest in what they perceive to be a Y2K company unless it has a CLEAR, PROVEN exit stratagy. At least SYNT has and always has had such. What really irritates me is this latest news IS NOT NEWS. SYNT has said, FROM THE BEGINNING, that the MOST they would allow the y2k work to get to was 20% and that would likely happen in calendar 1999. They are running at 18+% right now in 1998. So everything seems on target. Yet analyst goes berserk and company stock price plummets. I WOULD like to know MORE as to why revenues relatively FLAT sequentially this quarter, but I would point out that supposedly they are DOUBLING their sales staff. That OUGHT to result in substantial sales increase going forward and at least it indicates that is their DESIRE. Well, after now getting over the SHOCK of the drop in price I am now LOOKING FORWARD to even more drop. Why, because I intend to buy more of this stock at the lowest price possible. I think the analyst has seriously misrepresented the facts and I hope to take advantage of that--just as I suspect he will also. JDN