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To: j g cordes who wrote (25518)	3/9/2000 12:48:00 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68461

Jim, Are you still in RBAK. I am not sure I buy this price target of 758. ***************************** SAN FRANCISCO, March 9 /PRNewswire/ -- The following is being issued by First Security Van Kasper, a member of the National Association of Securities Dealers, CRD number 7665: Chester White, Networking/Communications analyst at FS Van Kasper, has raised his 18-month price target on Redback Networks, Inc. (Nasdaq: RBAK - news; $328) to $758 from $270. Below are direct quotations from Chester White's research report: "Yesterday, Redback announced the closing of its merger with Siara Systems for a purchase of 62.6 million shares. "The Redback/Siara combination is the first of the "NextGen" vendors to gain expertise in optical switching, ASIC design, routing and "value-added" services software. "We believe that the 60-80% cost savings in provisioning and equipment, 90% space savings and increased end-to-end functionality of a single solution, position Redback ahead of the next technology transition in the New Access markets and establish the company as the dominant "NextGen" access vendor. "Applying 158x PSR (equivalent to the 2001 revenue growth rate of 158%) to the increased FY01 sales we are derive an increased 18 month price target $758 per share. "We reiterate our Strong Buy rating on Redback Networks, Inc. and increase our price target to $758 per share." First Security Van Kasper makes a market in the shares of Redback Networks, Inc.

To: j g cordes who wrote (25518)	3/9/2000 7:38:00 PM
From: Iris Shih	Read Replies (1) \| Respond to of 68461

Jim, "Duncan looks for stocks that have already begun to move. He starts by screening for stocks that are rising relative to an index or industry group. He couples that with strong earnings or revenue momentum to find possible investments. He sells a stock when he sees erosion in both relative price strength and financial performance. Duncan's view, which is increasingly popular, is that traditional valuation doesn't do a good job of valuing stocks in hyper-growth mode, so valuation's importance has lessened. He also contends that momentum players are not the cause of the stock market's heightened volatility. The cause is Internet stocks' high growth rates, and high growth has always meant high volatility. " Well said. It's not only the popular trend in US but over many countries. I started to watch and trade Taiwan market for about 4 months. Have learned one thing that people pour money into stocks with strong growth momentum and new tech stories. If one still has difficulty to accept the new/ old economy concept, one has problem in making money from the market. Traditional valuation, the pe way, doesn't do good thing when judging to invest (trade) stocks now. Iris