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Technology Stocks : Redback Networks, Inc. (RBAK)
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To: Kailash who wrote (1677)6/1/2001 10:15:54 AM
From: Kailash  Read Replies (1) of 1956
 
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08:27 ET Redback Ntwrks (RBAK) 14.44: Morgan Stanley ups price target to $25 from $20; says that stock has discounted negative news and that positive news flow is likely with: SMS business recovering as DSL deployments continue, Smart Edge driving margins up by Q4, and increased company visibility at Supercomm next week; Morgan sees 75% upside potential vs 15% downside.
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