Paradyne's Financial Results and Conference Call for Fourth Quarter 2

    Business Editors/Technology Editors

    LARGO, Fla.--(BUSINESS WIRE)--Jan. 17, 2005--Paradyne (NASDAQ:PDYN), a leading provider of broadband voice, data and video network access solutions, will issue its fourth quarter 2004 financial results after the close of market on Monday, January 24, 2005. Financial results will be issued over First Call and Business Wire, and will also be posted on Paradyne's investor relations page at http://www.paradyne.com/company/investor/.
    The company will also host a conference call to discuss its fourth quarter results on Monday, January 24, 2005 at 5 p.m. Eastern Time.
    Paradyne will offer a live and replay audio broadcast of the conference call over the Internet and by telephone. To listen to the call, go to the investor section of the Paradyne website, or dial (706) 634-1225 for telephone access. An audio replay of the call will be available through January 31, 2005.

    About Paradyne

    Paradyne has the most extensive "triple play" and business class bonded copper broadband access portfolio in the industry, which includes a highly scalable family of broadband access concentrators and customer premises equipment for voice, data, and video applications. Paradyne's Access portfolio enables operators to address both residential and business markets from the same platform in a complete fashion, optimized for maximizing revenue and ease of deployment. Paradyne's access technologies on both ends of the pipe include: ADSL2+, SHDSL, Bonded SHDSL up to 50+ Mbps, ReachDSL, TDM over DSL, T1/E1, POTS to VoIP technology, and more, all available over IP. More information may be obtained by visiting http://www.paradyne.com or by calling +1-727-530-8623.

    Information about Forward-Looking Statements:

    This press release contains forward-looking statements that involve a number of risks and uncertainties. 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 and beliefs as well as on assumptions made by, and information currently available to, management. Among the factors that could cause actual future events to differ materially include: the uncertainty regarding the acceptance of new telecommunications services based on DSL technology; reduction or discontinuation of purchase of our products by NSPs; the failure of NSPs to incorporate our products into their infrastructure; the possibility that Paradyne's competitors may develop competing products that are superior in terms of quality, cost or both. For a detailed discussion of other risk factors that could affect Paradyne's business, please refer to the risks identified in Paradyne's Current Report on Form 10-Q, dated Nov. 9, 2004, and in Paradyne's other filings with the Securities and Exchange Commission.

    Editors Note: Paradyne, the Paradyne Logo, and ReachDSL are registered trademarks of Paradyne Corporation.

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CONTACT: Paradyne, Largo Wendy Mozingo, 727-530-2272 wmozingo@paradyne.com

KEYWORD: FLORIDA INDUSTRY KEYWORD: TELECOMMUNICATIONS EARNINGS CONFERENCE CALLS SOURCE: Paradyne

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