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Technology Stocks : Redback Networks, Inc. (RBAK)
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To: Tom Hua who wrote (1598)1/18/2001 1:33:36 PM
From: Bruce Brown  Read Replies (2) of 1956
 
That's great, Tom. I don't believe I failed to see what some of the analysts were seeing during the discussion of gross margins and receivables. I simply reported the notes of the quarter. Q3 was more of an impressive quarter in my estimation for all the next generation companies. The growth comes in waves.

However, in the past two years of market absurdity, the analysts were upgrading at the top and downgrading at the bottom. Paul Johnson just upgraded Redback a week or two ago to a strong buy for the report run up and today he drops it back to a buy. Now that's investing! Ha. Perhaps this leaves room for those three that downgraded to have an upgrade at some point in the future if Redback executes going forward and the company's technology is well accepted in the market place. Shorting up above $160 would have been the ticket indeed this past summer.

BB
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