I took a look at their (JNPR) profit/loss situation. They have never yet made
a profit since inception in 1996. The market is obviously looking
ahead a few years. Why can't they look even a few months ahead for us?
PERIOD FROM THREE MONTHS
INCEPTION YEAR ENDED ENDED
(FEBRUARY 2, 1996) DECEMBER 31, MARCH 31,
TO DECEMBER 31, ------------------- ------------------
1996 1997 1998 1998 1999
------------------ -------- -------- ------- --------
(UNAUDITED)
<S> <C> <C> <C> <C> <C>
CONSOLIDATED STATEMENT OF
OPERATIONS DATA:
Net revenues............... $ -- $ -- $ 3,807 $ -- $ 10,044
Operating loss............. (1,939) (11,598) (32,270) (4,411) (6,767)
Net loss................... (1,799) (10,363) (30,971) (3,905) (6,675)
</TABLE>
<TABLE>
<CAPTION>
MARCH 31, 1999
------------------------
AS
ACTUAL ADJUSTED(1)
------- --------------
(UNAUDITED)
<S> <C> <C>
CONSOLIDATED BALANCE SHEET DATA:
Cash, cash equivalents and short-term investments........... $49,449 $111,664
Working capital............................................. 41,756 103,971
Total assets................................................ 67,125 129,340
Long-term obligations, less current portion................. 2,834 2,834
Stockholders' equity........................................ 47,135 109,350 |
