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Technology Stocks : Redback Networks, Inc. (RBAK)

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To: Tom Hua who wrote (153)6/28/1999 6:29:00 AM
From: 2MAR$  Read Replies (1) of 1956
 
(COMTEX) B: (QWST) Qwest Selects Redback Solution to Speed Broadband
B: (QWST) Qwest Selects Redback Solution to Speed Broadband Access and Enable
Value-Added Services; SMS 1000 Offers Reliable, End-to-End Access to Qwest
Macro Capacity Network

SUNNYVALE, Calif., Jun 28, 1999 (BUSINESS WIRE via COMTEX) --
QwestCommunications International Inc. (Nasdaq:QWST), a leader in
secure, reliable, broadband Internet services, announced today that it
is deploying the Redback Networks (Nasdaq:RBAK) Subscriber Management
System(TM)(SMS) throughout Qwest Points of Presence (POPs). Under a
multiyear, multimillion dollar agreement, Qwest will use the Redback
SMS 1000 to aggregate traffic from DSL, cable, and wireless POPs,
providing customers with high-speed connectivity to theQwest nationwide
IP-based network and the Internet.

"We selected the Redback solution because the SMS 1000 has the proven
scalability to accommodate thousands of subscribers and multiple
services," said Lewis O. Wilks, President of Internet and Multimedia
Markets at Qwest. "The flexibility of the platform enables us to
integrate the SMS 1000 seamlessly with the Qwest fiber network as we
expand our service offerings globally. Redback's ability to handle
large concentrations of traffic ensures that customers can fully
benefit from our high-capacity network to exchange multimedia content
with the speed and reliability they require."

The SMS 1000 delivers Qwest high-speed access "over the last mile,"
aggregating large concentrations of high-speed traffic from DSL access
multiplexers, as well as cable modem termination systems and wireless
head-end equipment. Leveraging existing access provisioning,
accounting, and management control systems, the SMS 1000 enables rapid,
efficient deployment of DSL and other broadband access technologies.



Opening the Door to New Revenue Opportunities

Through Redback's unique multiple context and dynamic service
selection capabilities, Qwest will be able to flexibly support
value-added services that suit the specific requirements of its
individual service-provider customers. Examples of these powerful,
value-added services include virtual private networks (VPNs),
high-quality, locally hosted content broadcasts, and optimized
teleworker services.

"We're excited that Qwest Communications has chosen Redback solutions
to play this important role in its Macro Capacity Network," said Dennis
Barsema, President and CEO at Redback Networks. "As Qwest expands its
service and content offerings throughout the globe, DSL and other
high-speed services will enable their customers to get the most out of
the superior technology residing in their state-of-the-art backbone."



About the Redback SMS 1000

Redback's SMS 1000 is a new type of intelligent networking device
deployed by carriers at Network Access Points (NAPs), by cable Multiple
Systems Operators (MSOs) at head-ends, or by service providers at major
POPs. The system accepts a high concentration of data traffic from
multiple DSL Access Multiplexers (DSLAMs), Cable Modem Termination
Systems (CMTSs), or wireless devices. By performing all of the
translations necessary to convert the traffic to IP, the system
relieves service-provider backbone routers of heavy-duty frame
translation that can limit the scalability of high-volume networks.
Redback's SMS supports carriers' wholesale data transport model, and it
enables new types of service delivery for NSPs through its innovative
"multiple context" functionality.



About Qwest

Qwest Communications International Inc. is a leader in reliable and
secure broadband Internet-based data, voice and image communications
for businesses and consumers. Headquartered in Denver, Qwest has more
than 8,500 employees working in North America, Europe and Mexico. The
Qwest Macro Capacity(R) Fiber Network, designed with the newest optical
networking, will span more than 18,500 route miles in the United States
when it is completed by mid-1999, and an additional 315-mile network
route that will be completed by the end of the year. In addition, Qwest
and KPN, the Dutch telecommunications company, have formed a venture to
build and operate a high-capacity European fiber optic, Internet
Protocol-based network that has 2,100 miles and will span 9,100 miles
when it is completed in 2001. Qwest also has nearly completed a 1,
400-mile network in Mexico. For more information, please visit the
Qwest web site at www.qwest.com.



About Redback Networks Inc.

Founded in 1996 and headquartered in Sunnyvale, Calif., Redback
Networks, Inc., is a leading provider of advanced networking solutions
that enable carriers, cable multiple system operators (MSOs), and
service providers to rapidly deploy high-speed broadband access to the
internet and corporate networks. The company's Subscriber Management
System (SMS) connects and manages large numbers of subscribers using
any of the major high-speed access technologies such as Digital
Subscriber Line (DSL), cable, and wireless. The SMS 1000, the first
product in the SMS family, received Best of Show honors for WAN and
remote access equipment at Network + Interop, Las Vegas, in May 1998.

Note to Editors: Redback and the Subscriber Management System are
trademarks of Redback Networks Inc. Other trademarks, service marks,
and trade names belong to their respective owners.



Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995

The statements contained in this press release that are not purely
historical are forward-looking statements within the meaning of Section
21E of the Securities and Exchange Act of 1934, as amended, including
statements regarding Redback Networks' expectations, beliefs,
intentions or strategies regarding thefuture. Forward-looking
statements include statements regarding future sales. All
forward-looking statements included in this document are based upon
information available to Redback Networks as of the date hereof, and
Redback Networks assumes no obligation to update any such
forward-looking statements. Forward-looking statements involve risks
and uncertainties, which could cause actual results to differ
materially from those projected. These and other risks relating to
Redback Networks' business are set forth in Redback Networks' Form S-1,
as amended and filed with the Securities and Exchange Commission on May
17, 1999, and the other reports filed from time to time with the
Securities and Exchange Commission.



Copyright (C) 1999 Business Wire. All rights reserved.
-0-
CONTACT: Gallagher PR
Lucy Scott, 510/749-6800, x222
lucy@gpr.com
or
Redback Networks
Mark Weiner, 408/548-3500
mark@redback.com

WEB PAGE: businesswire.com

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