Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: Sig who wrote (7639)	5/17/2002 9:21:18 AM
From: Venkie	Read Replies (1) \| Respond to of 13815

CREDIT SUISSE FIRST BOSTON CORPORATION Equity Research Americas Networking Equipment Lissa Bogaty 212/538-5274 lissa.bogaty@csfb.com BUY Target Price: 5.00 (US$) Redback Networks Inc. (RBAK) Redback Wants To Broaden Distribution Channel, Presents at CSFB Comm Conf Summary Street chatter regarding a potential stake in Redback by Nokia (NOK,$16.16,Buy, $26) hit a popular Web site yesterday. The belief that this might occur is perhaps based in reality or perhaps generated by Redback's recent statement that they are seeking to expand their distribution channel, which in our view would likely mean a partnership with a telecom equipment company that has no IP expertise. We have no idea whether or not this speculation is true, and even if it were, talks can lead nowhere, and deals can fall through. However, Redback has expressed an interest in both partnering with an entity with global reach, as well as an interest in fixing its balance sheet. We believe that Redback would accept an equity stake only if there were a strategic benefit from the relationship with the investor. We would view such a move favorably even with some dilution, as we believe that Redback's balance sheet is its biggest issue. Friday May 17, 7:30 am Eastern Time Press Release SOURCE: Redback Networks Redback Captures Number One Position in Worldwide Broadband Aggregation Equipment Market Independent Research Firm Dell'Oro Group, Places Redback First With 48 Percent Market Share SAN JOSE, Calif.--(BUSINESS WIRE)--May 17, 2002-- Redback Networks Inc. (Nasdaq:RBAK - News), a leading provider of next-generation broadband networking equipment, announced today that according to first quarter 2002 market share reports released earlier this week by independent research firm Dell'Oro Group of Redwood City, Calif., the company has been named the worldwide leader in the broadband aggregation equipment market with a 48 percent share, up by about 11 percent from the previous quarter. "We've built an extensive subscriber management customer base from the time we pioneered the category, and are continuing to add major global customers each quarter," said Kevin DeNuccio, Redback's president and CEO. "Our goal is to deliver what the market demands -- User Intelligent Networks(TM), optimized for the creation of value-added business and consumer services. Our strong and growing customer base validates this leadership position." The SMS(TM) family of subscriber management platforms' robust system architecture leverages the software that is used in the production networks of the world's largest service providers and carriers, and enables the rapid and efficient aggregation of hundreds of thousands of broadband users, simplifying and speeding up the provisioning of new subscribers.