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To: NickSE who wrote (77627)	12/1/1999 7:23:00 PM
From: MythMan	Read Replies (2) of 86076

>>Redback Networks shelled out $4.7 billion in Redback monopoly money yesterday to purchase Siara Systems. In a true case of long term investing, Siara actually has no revenues or currently marketable products at all. Of course Siara is developing a system using fiber to manage and speed up Internet traffic. For it's M&A prowess, Redback was rewarded with an immediate $588 million one day increase in its own market cap. Redback now sports a total market cap of $6.5 billion. Revenues? $20 mill in the 3Q. Earnings? Lost $1.6 million in 3Q. We just have one question. Since Siara currently has no marketable products, can Redback write-off the entire $4.7 billion acquisition price as in-process R&D?<< HO HO HO. This new pair of dime stuff rules!

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