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Technology Stocks : Redback Networks, Inc. (RBAK)
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To: Charlie Schultz who wrote (1417)4/15/2000 10:38:00 PM
From: Adam Nash  Read Replies (1) of 1956
 
I find it hard to be bearing on Redback after this last conference call. Revenue growth, outstanding. Gross margins, outstanding. Progress on SmartEdge, outstanding. SMS 10000, outstanding.

I'm wondering how long at these prices before Cisco decides it's easier to acquire here than try to retake this market.

$34M+ in revenue for the quarter. At current growth rates, they may book over $50M in Q4. Just awesome.

I bought some on the close Friday. We'll see where the stock is in twelve months. With $500M in cash and gross margins over 70%, this company will be in business for a very long time.
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