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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: H James Morris who wrote (3208)	6/28/2002 7:50:09 AM
From: John Carragher	Read Replies (1) of 3350

Playing It Down Besides Nortel, companies with news releases that played down the importance of WorldCom to their business included Juniper Networks Inc., an infrastructure provider. For three of last year's four quarters, WorldCom's orders were 10% of sales for the Sunnyvale, Calif., company, making WorldCom one of its top two customers. Thursday, Juniper said WorldCom is expected to represent less than $7 million of its second-quarter revenue. In the first quarter, Juniper's revenue totaled $122 million. WorldCom's difficulties are far more painful for Juniper than for Cisco Systems Inc. Analysts estimate the network provider last year earned about 1% of its total revenue from WorldCom. A Cisco spokeswoman said, "We don't comment on customers." We have gone from 17% of sales dave Faber report.. to 14% of sales yahoo.. to now 10% of sales. Pretty soon it will be we didn't have a relationship with wcom.

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