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Technology Stocks : Juniper Networks - JNPR -- Ignore unavailable to you. Want to Upgrade?


To: $Mogul who wrote (66)6/24/1999 6:00:00 PM
From: Souze  Read Replies (3) | Respond to of 3350
 
Last I read was $28-30.



To: $Mogul who wrote (66)6/24/1999 6:33:00 PM
From: Mohan Marette  Respond to of 3350
 
Wow unreal $34!! Juniper Networks IPO prices above range

NEW YORK, June 24 (Reuters) - Juniper Networks (Nasdaq:JNPR - news) priced 4.8 million shares at $34 apiece, well above the expected range, in its initial public offering Thursday, according to lead underwriter Goldman Sachs.

The Internet infrastructure firm raised on Wednesday the expected price range for its initial public offering to $28 to $30 from $21 to $23.

The Mountain View, Calif.-based company, which provides high-speed Internet routers, will enter a market with not many players and Cisco Systems Inc.(Nasdaq:CSCO - news) controlling 90 percent of the industry as of now.

International Data Corp. sees the worldwide gigabit and terabit speeds Internet protocol router market growing to $1.4 billion by 2003 from $135 million in 1998.