Redback Networks, Inc. (RBAK)

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News for 'RBAK' - (Blue Chip News: Fundamental Review for Redback Networks Inc)


Dec 07, 2006 (M2 PRESSWIRE via COMTEX) -- Fundamental Review for Redback
Networks Inc (NASDAQ:RBAK)

Redback Networks, Inc. provides advanced telecommunications networking equipment
in North America, Europe, the Middle East, Africa, and Asia-Pacific. It offers
SmartEdge service gateway that combines scalable carrier-class edge routing,
Ethernet aggregation, and advanced subscriber management; SMS product families,
which enable service providers and carriers to provide, aggregate, and manage
broadband and dialup subscribers, and services through a single and unified
platform; and the NetOp policy manager, a software platform that allows policy
management and control across the SmartEdge and SMS product families. The
company's products enable service providers to build Internet protocol-based
broadband networks to deliver high-speed access and services to consumers and
businesses. It has collaboration agreements with DSL Forum, Broadband Services
Forum, TIA, United States Telecom Association, and Isocore. As of March 20,
2006, Redback Networks had a customer base of approximately 500 carriers and
service providers, including local exchange carriers, inter-exchange carriers,
post, telephone and telegraph, and service providers. It sells its products
through direct sales force, resellers, and distribution partners. The company
was founded in 1996 and is headquartered in San Jose, California.

Shares were up 10% after announcing it has won the second phase of a broadband
network upgrade with largest provincial carrier in China.

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Redback Networks Inc. , a leading provider of multi-service edge routers for
next generation broadband networks, announced it has won the second phase of a
broadband network upgrade with largest provincial carrier in China. Guangdong
Telecom will use Redback's SmartEdge family of multi-service edge routers to
deliver broadband internet, IPTV and virtual private network (VPN) services for
up to four million homes and businesses.

Today's announcement is one of the largest network upgrades that Redback will
help manage in China. Guangdong Telecom is the largest independently run
provincial carrier of China Telecom, which has an estimated 50+ million
customers. Guangdong Telecom contributes one-quarter of China Telecom's revenues
and one-third of China Telecom's profit. Guangdong Telecom is planning to grow
the broadband business more aggressively and double the number of broadband
subscribers in the next one or two years.

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