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

To: The Phoenix who wrote (664)	8/12/1999 2:17:00 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 3350

Thanks Gary... I bought this stock when you never would have bought, at 160. I knew it was too high but my rationale is that there is so much money coming out of the net sector and we have seen the psycology there (in the nets) that a 15billion mkt cap is doable as long as growth rates exceed 30%/qtr on the top line. Jnpr is doing that, they did 17mm this qtr and 10mm last. When the q/q growth rate slips, as it did with the nets in the April qtr reported in May by mm, then the momentum money leaves. Cisco has so much available for acquisitions they might just buy an extremely overvalued company anyway. Looked at the cisco cash position lately? I don't know about Lucent, I'll bet its the same deal.

To: The Phoenix who wrote (664)	8/12/1999 2:28:00 PM
From: Wizard	Read Replies (2) \| Respond to of 3350

Juniper at $10b cap looks like an awful lot and I wonder too how far it can go in the near term. I have a slightly different perspective however because it is long term in nature. If we are only in the first inning of the buildout of next generation internet (M40's have only been shipping since late 1998), it might be shortsighted to sell just because the stock is ahead of itself. Equipment needed to support the buildout of the internet is an awfully big trend and even Cisco admits publicly that there are at lest two players; Cisco and Juniper. A third might not be needed. If this is the case, the question is can you sit still from an invevitible correction in JNPR of say 33%. Since the stock basically hit $200 today, that would be back to $133 (1/3 off the high). That is a decent % above my cost and I would consider that a normal correction. The issue is if that means that I can buy RBAK a third lower too, I would take it because I believe RBAK stands as a key next generation supplier as well and I sold that one far too soon and missed out on some great performance. There are a lot of shorts on this thread that don't understand what is going on fundamentally with the communications industry and they are going to get their heads handed to them while they wait for JNPR to do a CIEN. We have a decade in front of us that is going to dwarf what enterprise networking did for Cisco in the '90's. Juniper, even from a $10b market cap, might still be a longer-term 3-10 bagger. It would be a shame to miss out on this in fear of a 33%-ish retracement. If the stock goes to $240, then a 33% retracement off the high would take you to $160 which would take you not far below where we are now. I'm holding.