>>Am I too pessimistic or you are too bullish about the long term holding of RBAK.
Time will tell. We are in the first inning and its impossible to accurately predict how this market will evolve. However, you have to carefully think about the importance of this technology - it interconnects service providers intelligently. If cable providers are forced to open up their networks, a phone company or anybody with a network can stick a RBAK box in and manage its subscribers rapidly and cost effectively. This is core infrastructure and SMS devices are enablers of high speed access just like routers were enablers of the original internet.
Shasta was acquired by Nortel and is clearly behind Redback in every metric. Redback has a big lead and its executing well. Revenues up big, backlog up big, great management, visibility better, hypergrowth, first-mover, big market, megatrend, superbox, nex-gen, tornado, hurricane, tsunami, internet, panic spend, you get the picture - its big. Everything but earnings - but wait, even positive earnings next quarter.
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