Radware Overhauls Nortel Switches

Radware claims to have thrown a lifeline to users of Nortel's Alteon switches.
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MAHWAH, N.J. (

TheStreet

--

Radware

(RDWR) - Get Report

claims to have thrown a lifeline to users of

Nortel's

(NT)

Alteon switches.

The Israeli networking specialist

snapped up

the Alteon line from the

troubled

Canadian gearmaker

earlier this year and is now launching the first new version of the technology in half a decade.

Radware took the wraps off the Alteon 5412 switch Monday, which it is touting as the solution to users' networking woes.

"In the last five or six years Nortel did not release any new

Alteon hardware, any new platforms," Roy Zisapel, the Radware CEO, told

TheStreet

, in a phone interview. The 5412 is five times faster than previous versions of the technology, he added, and is also the first to offer 10-Gbit/s connectivity.

"For customers whose previous Alteon switches have started to reach capacity, now they don't have a problem," said the CEO. "They can consolidate multiple applications and networks on one switch -- it really gives the customers the ability to migrate to next-gen data centers."

Like other tech companies, Radware has had to

weather

a tough economic climate but returned to profitability in the

second quarter

.

Radware, which competes with

Cisco

(CSCO) - Get Report

,

F5 Networks

(FFIV) - Get Report

and

Citrix

(CTXS) - Get Report

,

surged past

Wall Street's estimates in its recent

third-quarter results

and is striking a bullish tone.

"Q3 was a record quarter, it was boosted both by organic growth and growth in our Alteon business," said Zisapel. The gearmaker sold more Alteon devices during the quarter than Nortel did in recent quarters, he added, but refused to reveal specific numbers.

Zisapel says that the company has also been gaining share sequentially from its rivals at a time when Cisco is moving into new areas such as

servers

and even

consumer technology

.

Radware makes application delivery and network security products and is one of a number of firms touting technology for tackling potentially debilitating

cyber attacks

.

Despite Zisapel's confidence, however, Radware shares dipped 29 cents, or 2.4%, to $11.80 in pre-market trading.

-- Reported by James Rogers in New York