Redback Loses Verizon Edge Router Deal?
Jim Duffy writes on NetworkWorld:
UBS Warburg has downgraded the stock of Redback Networks, citing "industry contacts" indicating that Redback has lost an edge router deal at Verizon.More here.
UBS lowered the stock from Buy 2 to Neutral 2, according to a research report issued this week by the investment firm.
That report states that Redback is unlikely to win an edge router contract at Verizon even though the vendor has "the best technical solution." The business will instead go to Cisco as the second source supplier behind Juniper, the report states.
UBS says product portfolio breadth helped seal the deal for Juniper and Cisco.
posted by Fergie @ 9/05/2006 02:36:00 PM
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