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Technology Stocks : Netscreen (NSCN)

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To: caly who wrote (29)	10/6/2003 9:20:05 AM
From: caly	Read Replies (1) of 38

Excellent. Netscreen to Acquire Neoteris in $265 Million Deal Monday October 6, 6:46 am ET SUNNYVALE, Calif. (Dow Jones)--Netscreen Technologies Inc. agreed to acquire Neoteris Inc., a virtual private network company, for about $245 million in stock and $20 million in cash, including the assumption of all options. With the achievement of certain unspecified revenue milestones, NetScreen will pay Neoteris stockholders and optionholders up to an added $30 million in cash. In a press release Monday, Netscreen said the acquisition will expand the company's product portfolio and allow for the leveraging of Neoteris' technology to accelerate the integration of application-level security into network infrastructure. Closing of the Neoteris purchase is subject to customary conditions, including antitrust approval, and is set for completion by the end of the year. Netscreen plans to make Neoteris products available soon after completing the transaction. Netscreen, whose stock closed Friday at $22.16, will host a conference call at 8:30 a.m. EDT. Netscreen Web site: netscreen.com Neoteris Web site: neoteris.com -Lisa Reynolds; Dow Jones Newswires; 201-938-5400

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