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Technology Stocks : Redback Networks, Inc. (RBAK)

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To: CoffeePot who wrote (1688)7/11/2001 7:29:09 AM
From: Dave  Read Replies (1) of 1956
 
From free edgar....


During March 2000, the Company issued $500 million of 5% Convertible Subordinated Notes (the "Convertible Notes") due in
April 2007
.....


Operationally, RBAK is burning approximately 21.6M/Quarter. Include in this figure purchases of PP&E of 28.3M/Quarter and technically, RBAK is burning approximately 50M/Q.

As of last 10Q, RBAK has approximately 280M in cash and ST Investments.

Assuming no improvement in cashflows and assume that their cash flow situation doesn't disintegrate, RBAK has approximately 6 Quarters in order to turn their operations around b/f they become illiquid.
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