Accelerated Networks, Inc. (ACCL) Message Board

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Technology Stocks : Accelerated Networks, Inc. (ACCL)

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To: Jorj X Mckie who wrote (50)	7/5/2000 6:08:52 PM
From: iod_sherwood	Read Replies (1) of 74

my concern with RBAK is definitely not profitability... they have around a70-75% profit margin and growth and expansion is their main initial goal. 1/2 billion in the bank, siara systems coming out with optical products... SUNNYVALE, Calif.--(BUSINESS WIRE)--April 12, 2000-- Redback Networks Inc., (NASDAQ: RBAK - news), a leading provider of advanced networking solutions, today reported record results for the quarter ended March 31, 2000. Net revenues for the first quarter of 2000 were $34.2 million, compared with $6.5 million for the same period in the prior year, an increase of 424 percent. Pro forma diluted net income for the first quarter of 2000 was $5.6 million or $0.05 per share after giving effect to the Company's two-for-one stock split effective April 3, 2000, and excluding acquisition-related and stock compensation charges and the research and development expense related to Siara Systems' operations. This compares to the first quarter of 1999 pro forma net loss of $2.7 million or $(0.16) per share on a post-split basis. Before pro forma adjustments, net loss for the first quarter of 2000 was $85.2 million or $(0.96) per share on a post-split basis compared to a net loss of $3.8 million or $(0.23) per share on a post-split basis for the same period in the prior year. Not sure what the big deal on ANET is here with you folks, would be nice if you did some elaboration.. but ACCL looks like a good growth co.

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