Redback Networks, Inc. (RBAK) Message Board

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Technology Stocks : Redback Networks, Inc. (RBAK)

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To: William F. Wager, Jr. who wrote ()	10/20/1999 11:12:00 AM
From: William F. Wager, Jr.	Read Replies (1) of 1956

Full text of MSDW upgrade... October 20,1999 Redback $120, Outperform from Neutral , target price $150 "Following a pullback in RBAK shares from a recent high of $157, as well as continued market acceleration and customer success, we are upgrading RBAK to Outperform. Broadband deployment is accelerating with SBC's broadband and AT&T's DSL announcements being very recent examples, each benefit- ing Redback. We are also optimistic that Redback can be suc- cessful in bringing new products and features to market that effectively raises its average selling price from the cur- rent per subscriber basis of about $25. --Christopher DePuy (New York) More details on the Redback upgrade will follow." --Bill

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