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Politics : Formerly About Applied Materials

AMAT 304.84

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Jan 13 3:59 PM EST

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To: StanX Long who wrote (55404)	11/13/2001 5:16:58 AM
From: StanX Long	Read Replies (3) of 70976

November 12, 2001 Juniper to Buy Pacific Broadband for $200 Million By REUTERS Filed at 9:05 p.m. ET nytimes.com SUNNYVALE, Calif. (Reuters) - Juniper Networks Inc. (news/quote)(JNPR.O), which makes Internet communications equipment, said on Monday it would buy privately held Pacific Broadband Communications for about $200 million in stock in order to connect its high-speed optical equipment with home and office cable systems. The acquisition would allow Juniper to enter the market for providing the equipment needed to drive advanced Internet-based services, including pay-per-view video and high-speed modem access, to cable television subscribers. Pacific Broadband, in which Juniper already holds a 2 to 3 percent stake, is currently testing a system that would allow cable operators to deliver advanced Internet-based services over existing copper lines, the company said.

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