X0201 3 2003-12-19 0 0001081290 REDBACK NETWORKS INC RBAKQ 0001237606 HECHT NIKOS C/O ASPEN ADVISORS LLC 152 WEST 57TH ST, 46TH FLOOR NEW YORK NY 10019 0 0 1 0 Redback Networks Inc. - common stock 20000000 I By Manager of Investment Advisor Nikos Hecht, managing member of Aspen Advisors LLC and managing member of Aspen Capital LLC (General Partner of Aspen Partners, a series of Aspen Capital Partners, L.P.), disclaims beneficial ownership of the securities except to the extent of the 1% pecuniary interest, as calculated pursuant to Rule 16a-1(a)(2) and (a)(3). Nikos Hecht 2003-12-22