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

To: Stormin who wrote (2497)	4/2/1999 2:28:00 PM
From: JDN	Respond to of 2761

Dear Norm: Remember, management has a long term perspective so a setback of a few qtrs likely doesnt bother them. As to the Y2K stuff, I have to believe whats left to do is the testing phase, any company that hasnt started and completed implementing the fix just isnt going to make it in time and is likely figuring on the "fail then fix" strategy. SYNT deals with large companies not mom and pop operations so I dont think they would be interested. For my money I am just going to monitor how they are doing with their business plan. If they implement it successfully (or show signs that they are) then likely will add. I have to believe that we gotta be near the bottom now. JDN

To: Stormin who wrote (2497)	4/2/1999 2:30:00 PM
From: Stephen	Respond to of 2761

Stormin, I agree that many of the reports one sees seem incongrous with what happening in the industry. As for SYNT, they have stated that they will not go for Y2K business per se, unless there is some ongoing business relationship. That is one of the reasons i like the company and the management. They are not short-term thinkers, ... and the stock will suffer until there is news. This is symptomatic of the market that has the attention of a nano-second and requires momentum for many investors. longterm i expect the stock to be fine. Still painful in the shortterm though. Best to ignore the situ for now to preserve ones sanity (GG) Have a great weekend Stephen