Paradyne to Demonstrate Frame Relay Service Level Management Capabilities at Sprint's ``Frame Relay Showcase'' Series

Business Wire, July 11, 2001

Business Editors/High-Tech Writers

LARGO, Fla.--(BUSINESS WIRE)--July 11, 2001

Paradyne's FrameSaver SLM Solution Provides Proactive Performance

and Availability Reporting to Support Sprint's Frame Relay

Performance Manager

Paradyne Networks, Inc. (Nasdaq:PDYN), a worldwide provider of digital subscriber line (DSL) and service level management (SLM) equipment solutions, today announced that it will sponsor Sprint's "Frame Relay Showcase" series targeting end-user mid-market customers. During the series, Paradyne representatives will demonstrate how Sprint (NYSE:FON) utilizes Paradyne's FrameSaver(R) SLM solution to provide their Frame Relay Performance Manager (FRPM) customers with Service Level Agreement (SLA) validation through performance reports detailing frame relay throughput, delay and availability.

Traveling to over 18 United States cities between June and October 2001, the "Frame Relay Showcase" series is a free, half-day seminar covering the latest trends and strategies in the telecommunications industry including frame relay services, performance measurement, and service availability. Attendees will also be able to see real-world applications and demonstrations.

"Sprint is pleased that Paradyne has chosen to participate in this valuable seminar series," said John Dupree, Sprint's vice president of marketing and general business sales. "Attendees interested in our FRPM service will benefit from seeing how complex management and monitoring tasks are simplified with the true end-to-end frame relay performance management and diagnostics provided by Paradyne's FrameSaver and OpenLane(TM) SLM solution. The FrameSaver system plays an integral role in providing our FRPM customers with quick, cost-effective access to their network's performance and availability information."

For more information about seminar dates and locations, please contact 1-800-PARADYNE.

About Sprint

Sprint is a global communications company serving 23 million business and residential customers in more than 70 countries. With more than 80,000 employees worldwide and $23 billion in annual revenues, Sprint is widely recognized for developing, engineering and deploying state of the art network technologies, including the United States' first nationwide all-digital, fiber-optic network. Sprint's award-winning Tier 1 Internet backbone is being extended to key global markets to provide customers with a broad portfolio of scaleable IP products. Sprint's high-capacity, high-speed network gives customers fast, dependable, non-stop access to the vast majority of the world's Internet content. Sprint also operates the largest 100-percent digital, nationwide PCS wireless network in the United States, already serving the majority of the nation's metropolitan areas including more than 4,000 cities and communities.

About Paradyne

Paradyne is a leading developer of carrier-class, high-speed network access solutions. A recognized market leader in digital subscriber line (DSL) and service level management (SLM) solutions, Paradyne markets its award-winning Hotwire(R) DSL, ReachDSL(TM) and FrameSaver Service Level Management systems to service providers and business customers. More than 13,000 Hotwire DSL Access Multiplexers (DSLAMs) have been deployed around the world. Paradyne has shipped over 100,000 ports of its unique ReachDSL solution, giving carriers the ability to deliver broadband over almost any copper lines, even those that are very long or severely impaired. Paradyne's SLM solutions have been deployed into mission-critical enterprise networks by the leading carriers, including AT&T, Bell Canada, Broadwing, Intermedia, SBC, Sprint, Verizon and WorldCom.

Paradyne is headquartered in the Tampa Bay area. More information is available by calling 1-800-PARADYNE (U.S. and Canada), 1-727-530-8623 or visiting http://www.paradyne.com.

Information about Forward-Looking Statements

This press release contains forward-looking statements. These forward-looking statements are made pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995 and are made based on management's current expectations or beliefs as well as assumptions made by, and information

currently available to, management. Expressions of current expectations related to revenue, earnings and future business prospects, including, without limitation, "expects", "estimates", "forecast", "continue" or "plans", reflecting something other than historical fact, are intended to identify forward-looking statements. The following factors, among others, could cause Paradyne's actual results to differ materially from those described in the forward-looking statements: the timing and amount of expense reduction; the ability to successfully negotiate a new bank line of credit; the uncertainty of litigation, including putative shareholder class actions; a reliance on international sales; rapid technological change could render Paradyne's products obsolete; the uncertain acceptance of new telecommunications services based on DSL; substantial dependence on network service providers who may reduce or discontinue their purchase of products or services at anytime; the timing and amount of, or cancellation or rescheduling of, orders of Paradyne's products to existing and new customers; possible inability to sustain revenue growth or profitability; dependence on only a few customers for a substantial portion of Paradyne's revenue; highly competitive markets; dependence on sales of access products to Lucent Technologies; dependence on sole and single-source suppliers; and a long and unpredictable sales cycle. For a detailed discussion of these and other factors that could cause Paradyne's actual results to differ materially from those described in the forward-looking statements, please refer to Paradyne's most recent Form 10-K and other filings with the Securities and Exchange Commission.