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

To: shuebert who wrote (1443)6/27/2000 3:36:00 PM
From: Adam Nash  Respond to of 1956
 
I think the rumor was part of it... there was a post on Yahoo about Chambers meeting with the board of Redback recently.

I think the rumor is bogus, but I did sell some RBAK today at 155. Too rich a valuation at this point for me to "let it all ride".

Still long RBAK.



To: shuebert who wrote (1443)6/28/2000 3:37:00 PM
From: frankrum  Respond to of 1956
 
Redback knows they're in danger of being acquired by Cisco, LU, NT, etc.... the number #1 reason named in their proxy statement regarding the increase in number of shares to 750 million was to discourage such a takeover.


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