Redback Networks, Inc. (RBAK) Message Board

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Technology Stocks : Redback Networks, Inc. (RBAK)

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To: Wizard who wrote (1201)	10/14/1999 10:19:00 AM
From: Craig Richards	of 1956

from briefing.com: 08:55 ET Redback Networks (RBAK) 135 1/16: USB Piper Jaffray slashing investment rating on Internet backbone company from "buy" to "neutral." After the close, RBAK shares tumbled in 3rd-market trading on news company's CFO has resigned and underwriters have approved the early release of 12 mln shares from lock-up agreements. RBAK also reported earnings, which came in 3 cents ahead of expectations. Stock currently trading at $124 per share.

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