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Technology Stocks : Redback Networks, Inc. (RBAK)
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To: LakesideTrader who wrote (88)6/18/1999 8:36:00 PM
From: Tom Hua  Read Replies (1) of 1956
 
Trisha, thanks for the welcome. However, I have a feeling you won't like my presence here. RBAK reminds me so much of CIEN. Main difference is CIEN grew sales from zero to more than $300 MM in its first year of product rollout. RBAK had sales of less than $10 MM the first year (98), and only $6.5 MM last quarter. For a small hardware company with insignificant sales and facing intense competition from much bigger players, the current market cap of $2.1 B can not be sustained.

I shorted RBAK couple of weeks ago and covered for 10 pts. Re-entered today at near 100.

Regards,

Tom
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