Redback Networks, Inc. (RBAK) Message Board

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Technology Stocks : Redback Networks, Inc. (RBAK)

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To: Bo Le who wrote (1168)	10/12/1999 10:09:00 AM
From: Wizard	Read Replies (2) of 1956

>>It's like investors are paying $6 billion for basicly nothing. There has been an enormous change in how investors view franchise technology companies. Valuations are driven by the size of the market and company XYZ's position in it. Its very left brain oriented these days and quant guys who focus on near-term revenues are going to eliminate some of the best companies from their investable universe. Redback's box converts dumb access lines into intelligent ones. This is a crucial product when you think about the investment going on to improve the backbone of the internet. If you speed up the backbone and businesses and consumers can't access it, what use it that? Redback plays into broadband access which is a supertrend within the internet infrastructure theme. Broadband access is a very large market as cable and phone companies all compete to get at the end user. Adding intelligence to networks through RBAK's box is a very, very attractive market segment and one where there isn't as much competition as in the backbone (where Cisco, Lucent, Nortel et al are fighting). Redback has an Ascend-like opportunity and its going to repeatedly blow-out quarterly estimates for the forseeable future.

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