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

To: jcm who wrote (1551)	11/14/2000 1:23:08 PM
From: ratan lal	Respond to of 1956

It looks like the subject of CFO retiring and the 8k being filed finally hit the wires and that's what caused the stock to move down. biz.yahoo.com No other news.

To: jcm who wrote (1551)	11/14/2000 1:24:34 PM
From: Techplayer	Read Replies (1) \| Respond to of 1956

12:48 ET Redback Ntwrks (RBAK) 68 11/16 -4 1/16: -- Update -- Taking a look at the issues raised in the 10Q, the first is that RBAK has a put/call option agreement with Merlin Systems, under which Redback could be required to purchase Merlin for between $40-718 mln. Greenberg reportedly questioned how Redback could afford this given its $55 mln cash position, but the 10Q clearly states that this would be a stock deal, not cash (note also that RBAK has $419 mln in short-term investments). Another point made was that RBAK sold some receivables, but it sold $5.413 mln in receivables for $5.174 mln in cash -- that appears to be more of a wise sale of risk rather than an indication of dubious accounts receivables. . 12:29 ET Redback Ntwrks (RBAK) 70 3/4 -2: Stock quickly reverses 8 points; talk on trading floors is that there are questions raised by its 10Q regarding an acquisition and a sale of receivables; TheStreet.com's Herb Greenberg apparently wrote about these issues earlier this morning.