CORRECTING and REPLACING Stull, Stull & Brody Announces Class Action Lawsuit against Officers of Redback Networks, Inc.

Business Editors/Legal Writers

CORRECTION...by Stull, Stull & Brody

LOS ANGELES--(BUSINESS WIRE)--Dec. 24, 2003

In BW5524 issued Dec. 23, 2003: Fifth graph, first sentence of release dated December 23, 2003, should read: If you are a member of the class described above, you may, no later than February 21, 2004, move the Court to serve as lead plaintiff, if you so choose. (sted: If you are a member of the class described above, you may, no later than February 21, 2003, move the Court to serve as lead plaintiff, if you so choose.)

The corrected release reads:

STULL, STULL & BRODY ANNOUNCES CLASS ACTION LAWSUIT AGAINST OFFICERS OF REDBACK NETWORKS, INC.

A class action lawsuit was filed in the United States District Court for the Northern District of California on behalf of purchasers of Redback Networks, Inc. ("Redback" or the "Company"') (NASDAQ:RBAKQ) common stock between April 12, 2000 to October 10, 2003, inclusive (the "Class Period"). You may obtain a copy of the complaint from the Court or from Stull, Stull & Brody.

The complaint alleges that certain Redback senior officers ("Defendants") violated the Securities Exchange Act of 1934. The Company purports to be a provider of telecommunications networking equipment.

During the Class Period, Defendants allegedly issued a series of false and misleading statements resulting in Redback's stock price trading at artificially inflated levels. The Company's stock traded as high as $179.02 during the Class Period before announcing bankruptcy. During the Class Period, Defendants allegedly issued, or caused to be issued, a series of materially false and misleading statements to the marketplace concerning the Company's relationship with Qwest Communications International, Inc. ("Qwest"). Defendants allegedly knew, but failed to disclose, that the only reason Redback was able to report increasing revenues and earnings was through a scheme in which Defendants gave shares of Redback stock to Qwest insiders in exchange for Qwest purchasing large quantities of Redback products.

Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Stull, Stull & Brody who has significant experience and expertise in prosecuting class actions on behalf of investors and shareholders. The firm's success in securities litigation has resulted in millions of dollars being recovered by shareholders. Stull, Stull & Brody's quality of service has been recognized in numerous court decisions.

If you are a member of the class described above, you may, no later than February 21, 2004, move the Court to serve as lead plaintiff, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to this matter, please contact: