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News for 'RBAK' - (Headline Maker: Redback Networks Expects Lower Revenue for Fiscal Quarter Ended December 31, 2006)

Jan 08, 2007 (M2 PRESSWIRE via COMTEX) -- Redback Networks Inc. (NASDAQ:RBAK)
manages 50 million broadband connections for 15 of the top 20 telephone carriers
worldwide. Redback's multi-service routing platform delivers next generation
broadband services such as VoIP, IPTV and On-Demand Video. Redback Networks has
more than 500 carrier customers worldwide and is based in San Jose, CA. In 2006,
Redback marks its 10 year anniversary, celebrating ten years of broadband
innovation. For more information, visit Redback Networks at www.redback.com.

At the time of this writing shares are trading at $24.78 with over 20.9 million
in volume. Redback Networks Inc. (NASDAQ:RBAK) announced that it preliminarily
expects lower than anticipated revenue of approximately $64 million for the
fiscal quarter ended December 31, 2006.

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"The fourth quarter was our largest quarter ever for the SmartEdge products as
we experienced substantial quarter over quarter revenue growth and the
acquisition of several new large SmartEdge customers," said Kevin DeNuccio,
president and chief executive officer, Redback Networks. "Unfortunately we
failed to meet our revenue targets due to, among other reasons, distribution
channel disruptions caused by the timing of our proposed acquisition by
Ericsson, and lower than expected revenue from our older SMS product line as we
transitioned our largest SMS customers in the fourth quarter to our SmartEdge
products. We expect that substantially all of the delayed purchases will become
revenue in 2007."

Mr. DeNuccio continued, "We are excited about the progress we made last quarter
with our SmartEdge product line, and the positive reactions of our customers to
the Ericsson proposed acquisition. I want to assure our shareholders, customers
and employees that Ericsson's plans for the pending transaction remain
unchanged."

The full financial details of the quarter's results will be presented at
Redback's regularly scheduled fiscal fourth quarter 2006 results conference call
on January 30, 2007 at 1:45 p.m. Pacific Time. The details of the call and
webcast are as follows:

Date: Tuesday, January 30, 2007 Time: 1:45 p.m. PT/2:45 MT/3:45 CT/4:45 ET
Domestic Dial-in phone number: 1-800-559-2403 International Dial-in phone
number: 1-847-619-6534 Passcode: 16677677

Webcast: You can also participate in the conference call via your computer by
registering your name on Redback's Investor Center at: http://ir.redback.com.
The conference call will be archived on Redback's Investor Center website. A
replay will be accessible by telephone one hour after conclusion of the call
until February 26, 2007.

To ensure that the conference begins in a timely manner, please dial in 10
minutes prior to the scheduled start time.

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