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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: The Phoenix who wrote (40627)	10/11/2000 7:32:01 PM
From: The Phoenix	Read Replies (1) \| Respond to of 77397

More Earnings... RBAK beats estimates by 4 cents... Wednesday October 11 5:06 PM ET Redback Networks Posts Unexpected Third Quarter Profit SUNNYVALE, Calif. (Reuters) - Computer networking systems company Redback Networks Inc (NasdaqNM:RBAK - news) on Tuesday posted a third quarter profit that surpassed Wall Street expectations of a loss. Redback posted pro forma net income of $3.2 million, or 2 cents a share, compared with a loss of $569,000, or 1 cent, in the year-ago quarter. The results compared with a consensus analyst estimate for a loss of 2 cents per share, according to First Call/Thomson Financial. Including acquisition-related and stock compensation charges, Redback said the company had a third quarter net loss of $308.1 million, or $2.50 a share, expanding from a net loss of $1.6 million, or 2 cents a share, for the same period the prior year. Net revenues for the third quarter 2000 were $80.6 million, up 291 percent from $20.6 million in 1999.

To: The Phoenix who wrote (40627)	10/11/2000 7:38:26 PM
From: Ed Forrest	Respond to of 77397

Seems to me that the warning's season is over ushering in some positive reports. Could be enough to get a Q4 run started. Gary That is indeed good news. On another note,I think that all investors should always be cognizant of the fact that markets neither go up or down forever.That said,I firmly believe that some semblance of a bottom has been reached by the Naz.If Cisco were to reach 70(my target) by years end I'd be very pleased given this off putting year. Cheers Ed