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

To: Adelantado who wrote (2104)	11/2/1998 10:49:00 AM
From: Yoav Chudnoff	Read Replies (1) \| Respond to of 2761

GOOD NEWS FOR YOU 11/02 10:09 Syntel Ranked No. 2 on Forbes 200 Best Small Companies in America' <SYNT.O> Syntel Ranked No. 2 on Forbes 200 Best Small Companies in America' List TROY, Mich.--(BUSINESS WIRE)--Nov. 2, 1998--Syntel, Inc. (Nasdaq:SYNT), a leading Applications Management and information technology (IT) consulting firm, today announced it is ranked number two on Forbes magazine's "The 200 Best Small Companies in America" list, which is published in the November 2 issue. Forbes representatives said they began looking at 5,000 U.S. companies based on return on equity, sales, profit, and market value over a five-year period. "We are honored to be ranked as number two on the Forbes list. This recognition is a direct reflection of our employees' dedication, our customers' support, and our shareholders' confidence in our long-term business strategy," said Bharat Desai, Syntel chairman and CEO. About Syntel, Inc. Syntel provides cutting-edge Applications Management and technology consulting services to Fortune 500 companies such as AIG, Dayton Hudson, Ford Motor Company, and Borders, among others. Syntel helps its clients better manage their business applications to improve time to market, productivity, and competitiveness through integrated applications solutions. The company has approximately 2,200 employees in North America, Europe, and Asia and operates four world-class Global Development Centers in the US and India. To learn more about Syntel, visit the company web site at: www.syntelinc.com Safe Harbor Provision This news release includes forward-looking statements, including those 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. --30--cdt/clv* CONTACT: Syntel Inc. Jonathan K. James, 919/233-6208 jonathan:jamessyntelinc.com or Syntel Inc. Julie Pitser, 248/619-2827 julie:pitsersyntelinc.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com (c) 1998 Business Wire