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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: straight life who wrote (48167)	10/30/2001 4:37:29 AM
From: Bruce Brown	Read Replies (1) of 54805

Straight Life, You might be interested in Redback's official announcement yesterday of their new SMS 800 aggregation product (software/hardware intensive product). biz.yahoo.com Things in place include: New Management Kevin DeNuccio, formerly of Cisco, is now at the helm as CEO. Dennis Wolf, of Redback, is at the CFO position. Both have been speaking to investors on the prospects for their company and the new generation IP product. You can view it all and read about it on the Redback.com home page. redback.com New Product SMS 800 is their long awaited delayed product which brings carrier class IP to the metro optical network. Management announced that they have 3 customers for the new product and 15 are currently in beta trials. Fundamentals Credit rating remains 'dicey' and the cash burn rate of $50 M per quarter is not a friendly one at all with $247 M in cash and $500 M in debt. In addition to all of that, we know that the carrier spending rate for equipment has been going in the wrong direction for quite some time and the game is intense for the players to capture market share. A recovery in carrier spending for certain products as well as acceptance of Redback's new SMS 800 will be key to improving fundamentals as Redback fights for market share in their respective games. So, investors are left trying to value the future business of the SMS 800 product line and what it might do for Redback. This article captures a few thoughts about Redback's product and hopes for that product: thestreet.com BB

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