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


To: pass pass who wrote (1578)12/24/2000 5:55:59 PM
From: Bruce Brown  Read Replies (2) | Respond to of 1956
 
I'm waiting for the warning. I hope there is one so I can buy it cheap.

What would you consider 'cheap'? Using the price it was trading at $38 and change this past week, did you consider the multiples at that price?

Regardless, if there was a revenue warning, I would imagine that the market would not be kind just as they were not kind to Foundry.

BB



To: pass pass who wrote (1578)1/10/2001 11:30:56 AM
From: saw-bones  Respond to of 1956
 
Some good news ... maybe we have hit bottom:

Robbie Stephens boosts RBAK
--10:54 am - By Tomi Kilgore
Redback Networks (RBAK: news, msgs) is trading 14percent in the green, tacking on $5.06 to $40.50. Analyst Paul Johnson at Robertson Stephens upgraded the shares of the provider of digital subscriber line access to "strong buy" from "buy." Johnson said investor concerns over exposure of the company's subscriber management system business to the same negative trends suffered by independent DSL equipment vendors are misplaced, creating a buying opportunity in the stock. He added that he remained confident that the Redback will beat estimates for its December quarter.