Redback Networks, Inc. (RBAK) Message Board

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Technology Stocks : Redback Networks, Inc. (RBAK)

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To: William F. Wager, Jr. who started this subject	12/30/2002 10:44:16 PM
From: Rock_nj	of 1956

RBAK's earnings are coming out on 1/15/03. It looks like we saw some late tax loss selling today. Looking for $1.20 to possibly $1.50 or so by time earnings come out in two weeks. Nokia invested $30M++ in RBAK back in May and has been bringing in new business for RBAK's routers in Asia and Europe. Also, RBAK's new SMS was released in late October. There is pent up demand for their new SMS. Some of their customers were waiting for the SMS and deffered spending from the previous quarter. This quarter could be a turnaround quarter for RBAK. Perhaps we'll see $2.00++ if revenues and earnings turn out to be better than expected and forward guidance looks good. The router market is expected to turn around next year as networks are rebuilt and new ones are created or expanded. Look for more press releases regarding Nokia business that could add to RBAK's top and bottom line in the coming months.

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