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


To: james-rockford who wrote (1642)5/7/2001 10:31:23 PM
From: james-rockford  Read Replies (1) | Respond to of 1956
 
Here is the reason RBAK tanked after 2pm today;

14:20 ET Redback Ntwrks (RBAK) 21.60 -0.02 (-0.1%): Sources at Thomas Weisel telling Briefing.com that
firm is making cautions comments on the stock; in particular, firm concerned that current estimates may be
unachievable; numbers will have to come down.
.......................................................
CSCO reports tomorrow after the close, Chambers has already guided down so much as it is, with a decent earnings report from CSCO, RBAK might be a good short term trade.