Redback Receives Extension from NASDAQ to Comply with Minimum Bid Price Requirement.

Business Editors

SAN JOSE San Jose, city, United States
San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Aug. 27, 2003

Redback Networks Inc. (Redback) (NASDAQ NASDAQ
in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :RBAK RBAK Redback Networks Inc. (stock abbreviation, AMEX)
rBAK Remote Backup ), a leading provider of next-generation broadband networking equipment, today announced that on August 27, 2003 it received a decision from the Nasdaq's Listing Qualifications Panel (the "Panel") granting Redback's request for an exception to the National Market's minimum bid price requirement, as set forth in Nasdaq Marketplace Rule 4450(a)(5). The Panel determined to provide Redback with additional time to allow for developments in the Securities and Exchange Commission's rulemaking process. Accordingly, Redback now has until at least October 11, 2003 to regain compliance with Nasdaq's minimum bid price requirement.

REDBACK and SmartEdge are trademarks registered at the U.S. Patent & Trademark Office and in other countries. SMS (1) (Storage Management System) Software used to routinely back up and archive files. See HSM.

(2) (Systems Management Server) Systems management software from Microsoft that runs on Windows NT Server. and UIN UIN Unique Identification Number
UIN University Identification Number
UIN User Identification Number (ICQ)
UIN Quincy, IL, USA - Baldwin Field (Airport Code)
UIN Unit Identification Number 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.

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Publication:	Business Wire
Geographic Code:	1USA
Date:	Aug 27, 2003
Words:	157
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