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Technology Stocks : Netscreen (NSCN)

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To: Wizard who started this subject	2/9/2004 10:11:05 AM
From: Glenn Petersen	Read Replies (1) of 38

Juniper Networks Buy NetScreen for $4 Bln story.news.yahoo.com NEW YORK (Reuters) - Juniper Networks Inc. (Nasdaq:JNPR - news), the No. 2 maker of networking gear, said on Monday it signed an agreement to acquire NetScreen Technologies Inc. (Nasdaq:NSCN - news) to extend its product offering in a stock swap worth about $4 billion. NetScreen shares jumped 43 percent on the news. Juniper, based in Sunnyvale, California, said the deal would close in the second quarter. It said that upon closing, the transaction would add to pro-forma earnings, which would exclude purchase accounting adjustments. Juniper said it will swap 1.404 of its shares for each NetScreen share. Juniper shares were down in pre-market trading at $27.58 compared with a close of $29.47 on Friday on Nasdaq. NetScreen shares jumped 43 percent to $37.80 from a close of $26.40. NetScreen has 900 employees and Juniper has 1,600. They will continue to sell product lines from both companies, company executives said during a conference call.

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