SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Redback Networks, Inc. (RBAK) -- Ignore unavailable to you. Want to Upgrade?

To: Kailash who wrote (1677)6/1/2001 10:15:54 AM
From: Kailash  Read Replies (1) | Respond to of 1956
 
Upgrade

08:27 ET Redback Ntwrks (RBAK) 14.44: Morgan Stanley ups price target to $25 from $20; says that stock has discounted negative news and that positive news flow is likely with: SMS business recovering as DSL deployments continue, Smart Edge driving margins up by Q4, and increased company visibility at Supercomm next week; Morgan sees 75% upside potential vs 15% downside.



To: Kailash who wrote (1677)6/1/2001 11:30:52 AM
From: Winston Lee  Respond to of 1956
 
JNPR wanted RBAK a few months ago. RBAK was trading low 30s when the negotiations got hot and heavy, so JNPR probably offered around $40/share. What scuttled the deal was that JNPR's stock price fell when rumors of this impending deal got out.

Agree with MS's assessment of potential 75% upside and 15% downside. If SMS has no future (as some are claiming), why would JNPR want RBAK?


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News