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Redback Cancels Its January 30th Financial Analyst Call for Q406

Posted on: Tuesday, 30 January 2007, 12:00 CST

Redback Networks, a wholly owned subsidiary of Ericsson (NASDAQ:ERIC), today announced it has cancelled its fourth quarter (Q406) financial analyst call scheduled for January 30th, citing the successful close of its acquisition by Ericsson on Jan. 25, 2007.

As an Ericsson company, Redback will retain its name, IP router focus and current management team under President and CEO Kevin DeNuccio. It will be operated as an independent subsidiary of Ericsson and will be focused on multi-service edge routing for triple-play networks.

About Redback Networks

Redback Networks Inc. manages 50 million broadband connections for 15 of the top 20 carriers worldwide (SMS+SmartEdge products). Redback's multi-service routing platform delivers next generation broadband services such as VoIP, IPTV, On-Demand Video, and on-line gaming. Redback Networks has more than 500 carrier customers worldwide and is based in San Jose, CA. In 2006, Redback marked its 10 year anniversary, celebrating ten years of broadband innovation. For more information, visit Redback Networks at www.redback.com

About Ericsson

Ericsson is shaping the future of mobile and broadband internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world.

Source: Business Wire

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