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Technology Stocks : Redback Networks, Inc. (RBAK)
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To: pass pass who wrote (1611)2/7/2001 2:02:53 AM
From: jmanvegas  Read Replies (2) of 1956
 
RBAK just nailed its largest contract ever with Williams. They followed that up with a contract with Qwest. Pretty good in these times, don't you think. We're just starting to see the beginning of new capital being raised by the telcos due to lower interest rates. That will intensify as the Fed aggressively lowers rates over the next couple of months. The European & Asian business for RBAK has not been affected. I'm not at all suggesting that RBAK doesn't have downside risk due to market conditions. But the metro optical market they play in, the SMS market which they dominate at the present time, along with a potential killer product (IP over optical for metro) coming out in a few months should bode well for RBAK shareholders. I believe that if RBAK's management can execute, this stock could have significant upside from these levels. So I'm currently buying with a scaled in approach over the next 2 months for what I see as a potential huge winner. I could be wrong. And I will not fall in love with RBAK in case something goes awry. But the fact is the slowdown news is out. Everyone including their uncles are telling us it will be 2 quarters until we see a turnaround in the tech sector or inventories being worked off. So tell me something I don't know. I'm now looking beyond the valley for opportunities. BTW, AMCC may see some pushouts of some orders, but TQNT was quite upbeat and their business is booked 100% for the next quarter and 60% for the quarter thereafter. So different strokes for different folks (companies).

jmanvegas
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