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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Benkea who wrote (34372)	11/29/1999 8:28:00 AM
From: Les H	Respond to of 99985

They'll issue over 31 mill shares. Outstanding is 43 mill shares and float is 8-9 mill.

To: Benkea who wrote (34372)	11/29/1999 8:45:00 AM
From: Jurgen	Read Replies (1) \| Respond to of 99985

Yeah, and the company they are buying, Siara, doesn't have any product. But there is this rumour that they are developing something: 08:37 ET Redback Networks Inc. (RBAK) 136 1/2: Maker of equipment to manage computer traffic on high-speed DSL announced it has agreed to merge with privately-held Siara Systems in stock transaction valued at $4.3 bln; Siara Sys has not yet launched any products but is said to be developing equipment to help telecom cos more efficiently start, stop and manage Internet services, such as security- and remote-software programs