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Technology Stocks : Redback Networks, Inc. (RBAK)
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To: J.Y. Wang who wrote (848)8/17/1999 11:46:00 PM
From: JoF  Read Replies (1) of 1956
 
Here is the last interent rumor posted
by: RANMAD1
23640 of 23679
Rhythms NetConnections (RTHM) provides high-speed data communications services on an end-to-end
basis to business customers and end users utilizing digital subscriber line (DSL) technology. The firm's
packet-based network, which uses local telephone lines, allows simultaneous access for many users on
one connection. Essentially, the firm provides high-speed access to the Internet. Rhythms NetConnections
maintains about 650 DSL-equipped phone lines for businesses and service providers in 10 metropolitan
markets, including Chicago, New York, and San Francisco. The firm recently held a secondary offering
of 3.9 million shares. The shares have now been absorbed into the market and should begin to increase in
price. Analysts currently rate the stock with 2 "strong buys", 2 "moderate buys" and 1 "hold". We are
hearing rumors that good news will soon surface regarding this up and coming company. Since going
public in April 1999, the firm's share price has lost over 50 percent of its value. At current price levels,
we feel the stock is considerably undervalued. Volume is increasing and investors are purchasing call
options on the underlying shares. Over the past 52 weeks, shares have traded between $28 5/8 to $111
1/2. The stock last traded at $35 1/2, up 1 7/16 on strong volume. Should you decide to invest, use a
stop-loss of $32. (08/13/1999) Check the price on 08/17/1999!!!!!!

Posted: 8/17/1999 7:45 pm EDT as a reply to: Msg 23639 by RANMAD1


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