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Technology Stocks : MRV Communications (MRVC) opinions?

MRVC 9.975

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Aug 15 5:00 PM EST

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To: Dee Jay who wrote (41726)	11/25/2003 10:02:09 AM
From: Greg h2o	Read Replies (2) of 42804

UPDATE - Juniper Networks files $1 bln debt, equity shelf Monday November 24, 5:37 pm ET WASHINGTON, Nov 24 (Reuters) - Juniper Networks Inc. (NasdaqNM:JNPR - News) filed on Monday with the Securities and Exchange Commission (News - Websites) to periodically sell up to $1 billion in debt securities, common and preferred stock and other securities. The Sunnyvale, California-based network gear maker plans to use the net proceeds for general corporate purposes and working capital requirements. Juniper may also use some of the proceeds to fund possible investments in and acquisitions of complementary businesses, partnerships, minority investments, products or technologies. Currently, there are no commitments or agreements regarding such acquisitions or investments that are material, it said in the shelf registration filing. A shelf registration gives a company advance regulatory approval to sell securities, allowing the company flexibility in the amount and timing of an offering. Juniper shares rose more than 5 percent, or 88 cents, to close at $18.30 on Nasdaq.

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