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Strategies & Market Trends : The New Economy and its Winners

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To: Lizzie Tudor who wrote (12542)	7/2/2002 5:17:44 PM
From: stockman_scott	Read Replies (1) of 57684

2:36 (Dow Jones) UBS believes Juniper (JNPR) is approaching a fundamental bottom in its business - though the bottom may be extended. View is based on fact Juniper likely to report revenue close to the consensus level of $110 million, and exposure to troubled long haul carriers Qwest (Q) and WorldCom (WCOM) each likely to be less than 10%. UBS also says margins should remain stable, but adds that 2Q results may have some special bad debt charges due to WorldCom exposure. Keeps hold rating, $8 target. JNPR up 11% at $6.29. (TG)

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