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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 681.43+1.6%4:00 PM EST

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To: Benkea who wrote (34372)11/29/1999 8:45:00 AM
From: Jurgen  Read Replies (1) of 99985
 
Yeah, and the company they are buying, Siara, doesn't have any product. But there is this rumour that they are developing something:
08:37 ET Redback Networks Inc. (RBAK) 136 1/2: Maker of equipment to manage computer traffic on high-speed DSL announced it has agreed to merge with privately-held Siara Systems in stock transaction valued at $4.3 bln; Siara Sys has not yet launched any products but is said to be developing equipment to help telecom cos more efficiently start, stop and manage Internet services, such as security- and remote-software programs
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