Redback Networks, Inc. (RBAK)

[PowerPole]

Redback stock up 11% on Chinese contract:
Thursday December 7, 5:41 pm ET

Stock in Redback Networks Inc. shot up nearly 12 percent Thursday, a day after it said it won the second phase of a major contract with China's biggest telecom carrier.

San Jose-based Redback (NASDAQ:RBAK - News) said Guangdong Telecom will use its routers to deliver broadband internet, IPTV and virtual private network services for up to 4 million homes and businesses,

Its stock closed up $1.78 to $16.94 Thursday. Redback had dropped by half between May when it was trading as high as $24.99 and July 21 when it sank to $12.40.

Published December 7, 2006 by the Silicon Valley/San Jose Business Journal

BTW...Thanks! for the link to "Light Reading"...It looks like a really interesting place to read news that no one else seems to have ;^))