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

To: Tom Hua who wrote (1595)	1/18/2001 3:07:51 AM
From: Bruce Brown	Read Replies (2) \| Respond to of 1956

Tom Hua wrote: Bill, I expect a few downgrades. The huge increase in receivables last quarter ($40 million) raised a red flag. When asked by the Raymond James analyst whether it was because the company back end loaded the quarter, management dodged the question and did not answer. TSC may do another story on their receivables. Sequential top line growth is projected to be about 20%, significantly lower than past quarters. I imagine the following message link and comment below was a great influence on 'your' interpretation of the quarter and full year fiscal 2001 guidance. If you heard the call, you will understand well management's discussion of the gross margin and the receivables. Best of luck with your shorts and the 'water' issue. Message 15166508 CG, I'm short RBAK and under the water. Bought Jan 40 puts average 1 1/2. Regards, Tom