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Technology Stocks : Juniper Networks - JNPR

JNPR 39.95

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Jul 2 5:00 PM EST

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To: $Mogul who wrote (18)	6/23/1999 1:15:00 PM
From: Mohan Marette	Read Replies (1) of 3350

Hotdam Mogul, Juniper IPO expected price range raised to $28-$30 NEW YORK, June 23 (Reuters) - In a sign of strong demand, Internet infrastructure firm Juniper Networks Inc. raised the expected price range for its initial public offering to $28-to-$30 from $21-to-$23, according to a Securities and Exchange Commission filing Wednesday. The company, which provides high-speed Internet routers, plans to offer 4.8 million shares through lead underwriter Goldman Sachs. The deal is expected to be a solid one as investors continue to reward companies in the infrastructure technology arena, with strong backing and good growth prospects. The market for gigabit Internet routers does not yet have many participants, with Cisco Systems Inc.(Nasdaq:CSCO - news) now controlling 90 percent of the market. International Data Corp. sees the worldwide gigabit and terabit speeds Internet protocol router market growing to $1.4 billion by 2003 from $135 million in 1998.

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