Redback Networks, Inc. (RBAK) Message Board

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Technology Stocks : Redback Networks, Inc. (RBAK)

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To: William F. Wager, Jr. who started this subject	5/22/2002 8:59:20 AM
From: Bob	of 1956

08:46 ET RBAK Redback Ntwrks: Nokia takes 10% stake. Nokia says to take 10 pct stake in U.S. Redback HELSINKI, May 22 (Reuters) - Finnish telecom equipment maker Nokia (NOK1V.HE) said on Wednesday it would take a 10 percent stake in U.S. Redback Networks (NasdaqNM:RBAK - News) as part of a drive to boost its broadband product business. No financial details were given, but Nokia said it had an option to raise its stake to less than 20 percent. "Nokia and Redback will expand their existing commercial relationship to include global distribution of wireline intelligent edge and broadband access products," Nokia said in a statement.

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