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Strategies & Market Trends : Making Money is Main Objective

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To: Softechie who wrote (881)	3/6/2001 12:05:01 PM
From: Softechie	Read Replies (1) of 2155

Redback Ntwrks (RBAK) 27 3/16 -1/8 (-0.5%): -- Update -- Following conversations with industry sources, SG Cowen sees a qtr that is back-end loaded for RBAK, with 60%-70% of business left to do in the qtr. Thinks current environment will make it more difficult to close deals, putting firm's estimates at risk. Redback Ntwrks (RBAK) 28 5/16 +1: Lehman Brothers downgrades to BUY from STRONG BUY in coverage transition; price target reduced to $40 from $150; firm believes solid demand trends for company's core SMS, combined with higher than expected demand for the emerging SmartEdge system should enable RBAK to meet firm's 1Q01 revenue estimate of $138 mln.

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