Optical networking company Redback (RBAK) was up 10.1% in preopen Island trading after the company tapped former Cisco senior vice president Kevin DeNuccio to be its president and CEO.

Prior to joining Cisco, DeNuccio was a founder and CEO of Bell Atlantic Network Integration, a unit of Bell Atlantic, now called



On Monday,



named another former Cisco vice president, Kevin Kennedy, to the newly created chief operating officer position, ending wide speculation that Kennedy would be Redback's pick for CEO.

Cisco was up 1.4%, while Openwave was up 3.4%.