Redback Networks, Inc. (RBAK) Message Board

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Technology Stocks : Redback Networks, Inc. (RBAK)

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To: LakesideTrader who wrote (1345)	1/17/2000 4:14:00 PM
From: Lao Ou	Read Replies (1) of 1956

Redback Networks Inc. is expected to post fourth-quarter earnings of a penny a share on revenue of $24.7 million, estimated Mr. Sine. The Sunnyvale, Calif., company, which had its IPO in May, reported a loss of two cents a share on revenue of $20.6 million in the third quarter. Redback, which makes a box designed to improve high-speed network traffic flow, made a splash during the quarter when it agreed to acquire closely held Siara Systems for $4.3 billion in stock. Siara, of Mountain View, Calif., is developing processing hardware and routing and signaling software for network operators. It hasn't released a product yet and has virtually no revenue, but Redback is betting that the pricey purchase will broaden its range of product offerings.<<

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