Redback Networks, Inc. (RBAK) Message Board

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Technology Stocks : Redback Networks, Inc. (RBAK)

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To: pass pass who wrote (1578)	1/10/2001 11:30:56 AM
From: saw-bones	of 1956

Some good news ... maybe we have hit bottom: Robbie Stephens boosts RBAK --10:54 am - By Tomi Kilgore Redback Networks (RBAK: news, msgs) is trading 14percent in the green, tacking on $5.06 to $40.50. Analyst Paul Johnson at Robertson Stephens upgraded the shares of the provider of digital subscriber line access to "strong buy" from "buy." Johnson said investor concerns over exposure of the company's subscriber management system business to the same negative trends suffered by independent DSL equipment vendors are misplaced, creating a buying opportunity in the stock. He added that he remained confident that the Redback will beat estimates for its December quarter.

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