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Technology Stocks : Juniper Networks - JNPR
JNPR 39.950.0%Jul 2 5:00 PM EST

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To: The Phoenix who wrote (664)8/12/1999 2:17:00 PM
From: Lizzie Tudor  Read Replies (2) of 3350
 
Thanks Gary... I bought this stock when you never would have bought, at 160. I knew it was too high but my rationale is that there is so much money coming out of the net sector and we have seen the psycology there (in the nets) that a 15billion mkt cap is doable as long as growth rates exceed 30%/qtr on the top line. Jnpr is doing that, they did 17mm this qtr and 10mm last. When the q/q growth rate slips, as it did with the nets in the April qtr reported in May by mm, then the momentum money leaves.

Cisco has so much available for acquisitions they might just buy an extremely overvalued company anyway. Looked at the cisco cash position lately? I don't know about Lucent, I'll bet its the same deal.
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