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

To: Techplayer who wrote (1073)	10/13/1999 8:54:00 AM
From: Bill	Respond to of 3350

Agreed.

To: Techplayer who wrote (1073)	10/19/1999 4:53:00 PM
From: Bill	Read Replies (2) \| Respond to of 3350

Oh, baby!!!!!!! Juniper Networks, Inc. Reports Q3'99 Financial Results; Net Revenue $29.6M; Net Loss Per Share $0.04 Business Wire - October 19, 1999 16:32 MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Oct. 19, 1999--Juniper Networks, Inc. (Nasdaq:JNPR), a leading provider of next-generation Internet infrastructure systems, today reported its third quarter results for the period ending September 30, 1999. Net revenues for the third quarter were $29.6 million, compared with $17.6 million for the second quarter, an increase of 68%. Net loss for the third quarter of 1999 was $1.6 million or $(0.04) per share, compared with a loss of $3.9 million or $(0.22) per share in the second quarter of 1999. Pro forma basic and diluted net loss per share (including the effect of the conversion of convertible preferred stock prior to the initial public offering), was $(0.09) per share for the second quarter of 1999. Net revenues for the first nine months of 1999 were $57.2 million. Net loss for the first nine months of 1999 was $12.1 million or $(0.47) per share, compared with $21.7 million or $(1.82) per share during the same nine month period in 1998. Pro forma basic and diluted net loss per share would have been $(0.29) per share for the nine months ended September 30, 1999, compared with $(0.60) per share for the same nine month period in 1998. In a recent Data Communications test of high performance routers, the Juniper Networks M40 Internet backbone router earned the "Tester's Choice" award as the best Internet backbone router available today. Data Communications, well respected for its sophisticated testing, stressed the M40 by exposing it to unpredictable, high volume data and control traffic: "The M40 proved that it can handle an Internet six times larger than today's version, and it moved packets faster than any device we've ever tested."(a) "The Data Communications testing, coupled with our third quarter results, reflect independent confirmation of both the technical and commercial strengths of the Juniper Networks franchise," said Scott Kriens, Chairman and CEO of Juniper Networks. "The world's largest service providers continue to make Juniper Networks their choice to build the new IP infrastructure," Kriens said. About Juniper Networks Juniper Networks is a leading provider of next-generation Internet infrastructure systems that are designed to meet the scalability, performance, density, and compatibility requirements of rapidly evolving, optically-enabled IP networks. The company's purpose-built M40 Internet backbone router uses JUNOS software, ASICs, and line-rate performance to provide new Internet infrastructure solutions for service providers. The M40 router is used by some of the world's leading service providers. Juniper Networks service, manufacturing teams, and Internet engineers support the M40 router. The company is headquartered in Mountain View, with international offices in Leatherhead, UK, Tokyo, Japan and Amsterdam, The Netherlands. For more information on Juniper Networks, please contact the company at 650/526-8000 or visit the Web site at juniper.net. Actual results could differ materially from those anticipated in forward-looking statements in this release as a result of certain factors, including those set forth in the risk factors described in the Company's SEC filings, including its recent S-1 Registration Statement. Note to Editors: Juniper Networks is a trademark of Juniper Networks, Inc. All other trademarks are property of their respective companies. (a) Source: Data Communications