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Redback Networks Expects Lower Third Quarter 2002 Results
Thursday September 26, 6:00 am ET
SAN JOSE, Calif.--(BUSINESS WIRE)--Sept. 26, 2002--Redback Networks Inc. (Nasdaq:RBAK - News), today announced that it expects revenue in the current fiscal quarter ending September 30, 2002 will be approximately, $15 to $20 million and a pro forma net loss of between $0.23 and $0.25 per share. These projections are preliminary and subject to change as final orders are processed through the end of the quarter. In addition, the estimated results do not yet include adjustments for conformity to GAAP, which are currently being reviewed.
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"I am disappointed that we did not reach our sales target this quarter," said Kevin DeNuccio, president and chief executive officer at Redback. "In addition to the increased industry caution and reduced capital expenditure trends, we were affected by an unusually weak summer quarter. Furthermore, order delays and lower revenue volumes for our SMS(TM) 10000 product, which currently represents 70 percent of total SMS sales, were caused in part by customer`s anticipation of the next generation Redback® SMS 10000 product which is expected to ship next quarter."
"As we continue to gain traction in our SmartEdge(TM) 800 Router sales, and through our belief that SMS sales will return to levels attained in recent quarters, we remain committed to achieving our goal of being cash flow break-even by the first half of 2003. We expect this to occur through a combination of revenue growth, gross margin improvement, and further cost reductions," said DeNuccio. "Despite our revenue shortfall, we remain highly-customer focused on delivering and supporting key products for broadband networks."
Redback Networks will host a conference call Thursday, September 26, 2002 beginning at 7:00 am Pacific. The dial-in number is 847/413-2404. Information on the call can also be found on Redback Network`s website at www.redback.com under Investor Center.
About Redback Networks Inc.
Redback Networks enables carriers and service providers to build profitable next-generation broadband networks. The company`s product portfolio includes the industry-leading SMS(TM) family of subscriber management systems, the SmartEdge(TM) platforms, as well as a comprehensive set of network provisioning and management software.
Founded in 1996 and headquartered in San Jose, Calif., with sales and technical support centers located worldwide, Redback Networks maintains a growing and global customer base of more than 350 carriers and service providers, including major local exchange carriers (LEC), inter-exchange carriers (IXCs), PTTs and service providers. Recent news releases and other information can be found on Redback`s web site at www.redback.com.
Note to Editors: REDBACK is a trademark registered at the U.S. Patent & Trademark Office and in other countries. SMS and SmartEdge are trademarks or service marks of Redback Networks Inc. All other products or services mentioned are the trademarks, servicemarks, registered trademarks or registered servicemarks of 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 the future. Forward-looking statements include statements regarding future sales, sales distribution, product enhancements, product offering, support services, delivery of services and future success of the strategic relationship, including, but are not limited to, the statements above regarding expected third quarter revenue and earnings, expected introduction date of the next generation SMS 10000, and expected cash flow in the first half 2003. 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 risks and other risks relating to Redback Networks` business that are set forth in the documents filed by Redback Networks with the Securities and Exchange Commission, specifically the most recent report on Form 10-K, Form 10-Q, and the other reports filed from time to time with the Securities and Exchange Commission. These risks include, but are not limited to, the following, which are more fully explained in the reports on file with the SEC: Customer orders and shipments in the remainder of the third quarter may fall short of current expectations, which would affect the range of revenue and earnings stated above; the product development and introduction process for the next generation SMS 10000 product is not yet complete and is subject to change which could affect its availability and associated revenues in the fourth quarter; and expectations of becoming cash flow positive in the first half of 2003 depend on projected revenue growth, cost reductions, and gross margin improvements which have not yet been achieved and may not occur, or which may take longer than anticipated.
--------------------------------------------------------------------------------
Contact:
Redback Networks
Anne Smith, 408/750-5044
asmith@redback.com
Cathi Fox, 408/750-8660
cfox@redback.com
--------------------------------------------------------------------------------
Source: Redback Networks
Redback wird wie Sonus Newtworks und Nortel pleite gehen!
Thursday September 26, 6:00 am ET
SAN JOSE, Calif.--(BUSINESS WIRE)--Sept. 26, 2002--Redback Networks Inc. (Nasdaq:RBAK - News), today announced that it expects revenue in the current fiscal quarter ending September 30, 2002 will be approximately, $15 to $20 million and a pro forma net loss of between $0.23 and $0.25 per share. These projections are preliminary and subject to change as final orders are processed through the end of the quarter. In addition, the estimated results do not yet include adjustments for conformity to GAAP, which are currently being reviewed.
ADVERTISEMENT
"I am disappointed that we did not reach our sales target this quarter," said Kevin DeNuccio, president and chief executive officer at Redback. "In addition to the increased industry caution and reduced capital expenditure trends, we were affected by an unusually weak summer quarter. Furthermore, order delays and lower revenue volumes for our SMS(TM) 10000 product, which currently represents 70 percent of total SMS sales, were caused in part by customer`s anticipation of the next generation Redback® SMS 10000 product which is expected to ship next quarter."
"As we continue to gain traction in our SmartEdge(TM) 800 Router sales, and through our belief that SMS sales will return to levels attained in recent quarters, we remain committed to achieving our goal of being cash flow break-even by the first half of 2003. We expect this to occur through a combination of revenue growth, gross margin improvement, and further cost reductions," said DeNuccio. "Despite our revenue shortfall, we remain highly-customer focused on delivering and supporting key products for broadband networks."
Redback Networks will host a conference call Thursday, September 26, 2002 beginning at 7:00 am Pacific. The dial-in number is 847/413-2404. Information on the call can also be found on Redback Network`s website at www.redback.com under Investor Center.
About Redback Networks Inc.
Redback Networks enables carriers and service providers to build profitable next-generation broadband networks. The company`s product portfolio includes the industry-leading SMS(TM) family of subscriber management systems, the SmartEdge(TM) platforms, as well as a comprehensive set of network provisioning and management software.
Founded in 1996 and headquartered in San Jose, Calif., with sales and technical support centers located worldwide, Redback Networks maintains a growing and global customer base of more than 350 carriers and service providers, including major local exchange carriers (LEC), inter-exchange carriers (IXCs), PTTs and service providers. Recent news releases and other information can be found on Redback`s web site at www.redback.com.
Note to Editors: REDBACK is a trademark registered at the U.S. Patent & Trademark Office and in other countries. SMS and SmartEdge are trademarks or service marks of Redback Networks Inc. All other products or services mentioned are the trademarks, servicemarks, registered trademarks or registered servicemarks of 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 the future. Forward-looking statements include statements regarding future sales, sales distribution, product enhancements, product offering, support services, delivery of services and future success of the strategic relationship, including, but are not limited to, the statements above regarding expected third quarter revenue and earnings, expected introduction date of the next generation SMS 10000, and expected cash flow in the first half 2003. 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 risks and other risks relating to Redback Networks` business that are set forth in the documents filed by Redback Networks with the Securities and Exchange Commission, specifically the most recent report on Form 10-K, Form 10-Q, and the other reports filed from time to time with the Securities and Exchange Commission. These risks include, but are not limited to, the following, which are more fully explained in the reports on file with the SEC: Customer orders and shipments in the remainder of the third quarter may fall short of current expectations, which would affect the range of revenue and earnings stated above; the product development and introduction process for the next generation SMS 10000 product is not yet complete and is subject to change which could affect its availability and associated revenues in the fourth quarter; and expectations of becoming cash flow positive in the first half of 2003 depend on projected revenue growth, cost reductions, and gross margin improvements which have not yet been achieved and may not occur, or which may take longer than anticipated.
--------------------------------------------------------------------------------
Contact:
Redback Networks
Anne Smith, 408/750-5044
asmith@redback.com
Cathi Fox, 408/750-8660
cfox@redback.com
--------------------------------------------------------------------------------
Source: Redback Networks
Redback wird wie Sonus Newtworks und Nortel pleite gehen!
redback hat zuviele verbindlichkeiten!!!
das wird der tod sein für redback!
finger weg!
Was für eine SCHEIß Firma!!!
Redback =Gewinnwarnung!!!!!
Die xte!!!
Redback Networks Expects Lower Second Quarter 2003 Results
Thursday July 3, 6:40 pm ET
SAN JOSE, Calif.--(BUSINESS WIRE)--July 3, 2003--Redback Networks Inc. (NASDAQ:RBAK - News), today announced that it expects second quarter revenue for the three months ended June 30, 2003, to be approximately $22.0 million, compared to $29.5 million in the first quarter of 2003. These estimates are preliminary and subject to release of final results on July 16th, 2003.
"As the telecommunications market continues to move cautiously, we continue to experience extended and delayed testing cycles, and slower than anticipated implementations of new service delivery platforms," said Kevin DeNuccio, president and chief executive officer at Redback. "In addition, our Asia Pacific business was unusually weak due to the much publicized bans and restrictions on travel to the region, contributing significantly to the revenue shortfall."
"While I am clearly disappointed with the results of this quarter, I am optimistic about the level of positive reception we are receiving from customers on our next generation service platforms. As such, my confidence in the intermediate and long-term prospects of the company remains high," said DeNuccio.
About Redback Networks Inc.
Redback Networks enables carriers and service providers to build profitable next-generation broadband networks. The company`s User Intelligent Networks(TM) product portfolio includes the industry-leading SMS(TM) family of subscriber management systems, and the SmartEdge® Router and Service Gateway platforms, as well as a comprehensive User-to-Network operating system software, and a set of network provisioning and management software.
Founded in 1996 and headquartered in San Jose, Calif., with sales and technical support centers located worldwide, Redback Networks maintains a growing and global customer base of more than 500 carriers and service providers, including major local exchange carriers (LECs), inter-exchange carriers (IXCs), PTTs and service providers.
REDBACK and SmartEdge are trademarks registered at the U.S. Patent & Trademark Office and in other countries. SMS and User Intelligent Networks are trademarks or service marks of Redback Networks Inc. All other products or services mentioned are the trademark, service marks, registered trademarks or registered service marks of 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` estimates of its revenue for the second quarter ended June 30, 2003 and the intermediate and long-term prospects of the company. 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 risks include, but are not limited to, receipt of more detailed information about Redback Networks` second quarter results and further analysis of revenues, and customer acceptance and sales of next generation service platforms. In addition, please see the risk factors set forth in the documents filed by Redback Networks with the Securities and Exchange Commission, specifically the most recent report on Form 10-K, Form 10-Q, and the other reports filed from time to time with the Securities and Exchange Commission, for a more detailed description of the risks facing our business.
--------------------------------------------------------------------------------
Contact:
Redback Networks
Tom Cronan, 408/750-5130 (Financial)
investor_relations@redback.com
Meera Agarwal, 408/750-5096 (Media)
meera@redback.com
--------------------------------------------------------------------------------
Source: Redback Networks Inc.
Redback =Gewinnwarnung!!!!!
Die xte!!!
Redback Networks Expects Lower Second Quarter 2003 Results
Thursday July 3, 6:40 pm ET
SAN JOSE, Calif.--(BUSINESS WIRE)--July 3, 2003--Redback Networks Inc. (NASDAQ:RBAK - News), today announced that it expects second quarter revenue for the three months ended June 30, 2003, to be approximately $22.0 million, compared to $29.5 million in the first quarter of 2003. These estimates are preliminary and subject to release of final results on July 16th, 2003.
"As the telecommunications market continues to move cautiously, we continue to experience extended and delayed testing cycles, and slower than anticipated implementations of new service delivery platforms," said Kevin DeNuccio, president and chief executive officer at Redback. "In addition, our Asia Pacific business was unusually weak due to the much publicized bans and restrictions on travel to the region, contributing significantly to the revenue shortfall."
"While I am clearly disappointed with the results of this quarter, I am optimistic about the level of positive reception we are receiving from customers on our next generation service platforms. As such, my confidence in the intermediate and long-term prospects of the company remains high," said DeNuccio.
About Redback Networks Inc.
Redback Networks enables carriers and service providers to build profitable next-generation broadband networks. The company`s User Intelligent Networks(TM) product portfolio includes the industry-leading SMS(TM) family of subscriber management systems, and the SmartEdge® Router and Service Gateway platforms, as well as a comprehensive User-to-Network operating system software, and a set of network provisioning and management software.
Founded in 1996 and headquartered in San Jose, Calif., with sales and technical support centers located worldwide, Redback Networks maintains a growing and global customer base of more than 500 carriers and service providers, including major local exchange carriers (LECs), inter-exchange carriers (IXCs), PTTs and service providers.
REDBACK and SmartEdge are trademarks registered at the U.S. Patent & Trademark Office and in other countries. SMS and User Intelligent Networks are trademarks or service marks of Redback Networks Inc. All other products or services mentioned are the trademark, service marks, registered trademarks or registered service marks of 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` estimates of its revenue for the second quarter ended June 30, 2003 and the intermediate and long-term prospects of the company. 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 risks include, but are not limited to, receipt of more detailed information about Redback Networks` second quarter results and further analysis of revenues, and customer acceptance and sales of next generation service platforms. In addition, please see the risk factors set forth in the documents filed by Redback Networks with the Securities and Exchange Commission, specifically the most recent report on Form 10-K, Form 10-Q, and the other reports filed from time to time with the Securities and Exchange Commission, for a more detailed description of the risks facing our business.
--------------------------------------------------------------------------------
Contact:
Redback Networks
Tom Cronan, 408/750-5130 (Financial)
investor_relations@redback.com
Meera Agarwal, 408/750-5096 (Media)
meera@redback.com
--------------------------------------------------------------------------------
Source: Redback Networks Inc.
DAS war`s aus und vorbei. Davon erholen die sich nicht wieder.
Jetzt gibt`s nur eins.
Raus damit und Verluste realisieren.
Jetzt gibt`s nur eins.
Raus damit und Verluste realisieren.
redback wird es nicht schaffen!
die firma hat keine chance mehr!
bin übrigens fett short in redback
die firma hat keine chance mehr!
bin übrigens fett short in redback
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