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To: James Connolly who wrote (6920)12/2/1999 5:57:00 PM
From: James Connolly  Read Replies (2) | Respond to of 10309
 
Do network deals like Redback, Siara make sense?
(The gold rush is on in the networking business)
news.cnet.com

"The mind-boggling details of the deals don't stop there: Redback has never been profitable, yet it has a market capitalization of more than $6 billion, which allowed it to purchase a company--Siara--that has thus far produced no finished products, has not collected any revenue, and signed its first contract with a customer only yesterday. Upstart Sycamore Networks went public recently with $10 million in revenue from one customer and has since seen its offering explode on the market, resulting in a capitalization of more than $18 billion".

Regards
JC.

PS. Makes you wonder what WIND is really worth !!!