Paradyne's Financial Results and Conference Call for Second Quarter 2005

Paradyne (NASDAQ:PDYN), a leading provider of triple
play Broadband Loop Carriers (BLCs), will issue its second quarter
2005 financial results after the close of the market on Wednesday,
July 20, 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 second
quarter results on Wednesday, July 20, 2005 at 6:30 p.m. EDT.
   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 July 30, 2005.

   About Paradyne

   Paradyne provides a broad family of IP-based broadband access
solutions, including BLCs, DSLAMs, Ethernet in the First Mile bonded
solutions, IADs, and CPE. Paradyne's products support both residential
triple play solutions and business class bonded G.shdsl, ADSL2+ and
T1/E1 solutions for LAN extension and cell site data backhaul
applications.
   Paradyne's solutions are designed to enhance carrier revenue
streams with full support for Multimedia Traffic Management (MTM) and
to lower carrier operational expenses through Operational Intelligence
(OpIQ).
   More information may be obtained by visiting
http://www.paradyne.com or by calling 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 March 16, 2005, and in Paradyne's other
filings with the Securities and Exchange Commission.

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