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

To: Wizard who wrote (1125)	9/21/1999 10:08:00 PM
From: J.Y. Wang	Read Replies (1) \| Respond to of 1956

I don't necessarily doubt that RBAK is a great company. However, the stock price has gotten ahead of the company. Porsche makes great cars. But would you pay $400,000 for a 911? There is always a point at which the price for a great company/car/home/whatever gets outrageous. And that's if we accept the premise that RBAK is a "great company".

To: Wizard who wrote (1125)	9/21/1999 11:16:00 PM
From: Tom Hua	Read Replies (1) \| Respond to of 1956

Let me guess, you were one of the guys who was saying how great PCLN was, that it grew revenue by more than 10 times this year, that it had no competition, that it had strong VC backing, that it had great management, and all major analysts gave it two thumbs up. It was trading at $150 and you guys were shooting for $400, and were buying on weakness too. Some just never learn.