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Technology Stocks : Redback Networks, Inc. (RBAK) -- Ignore unavailable to you. Want to Upgrade?

To: Peter V who wrote (793)	8/13/1999 5:20:00 PM
From: Wolverine	Read Replies (1) \| Respond to of 1956

<<I'd still like to kick the s--t out of the f--king short sellers.>> <<What are you so angry about? Somebody has to take the other side of your trade, why do you care if it is a short-seller or a long who is bailing on his position?>> I don't think that anyone disagrees that short sellers are part of the overall market system. But they bring the wrath of longs upon themselves when they trash talk down a stock at the expense of longs. If the would show some restraint and not count their money while they were still sitting at the table, longs would be more tolerant of them. <<Do you really think RBAK is worth a market cap of almost 5 BILLION dollars?>> RBAK is definitely not worth $5B in market cap but all the traditional stock valuation theories are out the door when it comes to internet related stocks. This is a case, in the short-term, of where the trend is your friend.

To: Peter V who wrote (793)	8/13/1999 6:46:00 PM
From: J.Y. Wang	Read Replies (2) \| Respond to of 1956

One question though. Do you really think RBAK is worth a market cap of almost 5 BILLION dollars? Revenues for the next 12 months may be about $50 million. But, say I'm off by a factor of 2, or $100 million. When will it be worth the $5 BILLION? Peter, peter, peter. You're looking at this the wrong way. The proper way to look at this is to say, "If CSCO is worth $200b, RBAK is worth at least $5b or $10b." Why the hell not? Who cares if RBAK is no CSCO? Who cares if CSCO is profitable and will have about $12b in sales this year? That's all stuff only the old folks care about. This is the brave new world of "investing" (and I use that word loosely).