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

To: TARADO96 who wrote (1562)	9/8/2000 4:56:20 PM
From: Bruce Brown	Read Replies (1) \| Respond to of 3350

Bruce, the info that JNPR was 32.5 at the end of the 1st day IPO was from Money Magazine, June, or July. Assuming that figure to be correct, that would allow one to purchase 1,000 shares for $32,500. After a 3-1 and 2-1 splits, 6,000 shares at the closing of $216 on 9/8/00, would have given the $1.3 million figure. John, Not to quibble over it, but that information is not correct - or the interpretation of the information is not correct depending on the date the Money Magazine was printed. The stock split on June 16th of this year 2 for 1. Most of those magazines are printed up well in advance of the date on the monthly issue cover. The $32 and change price doesn't account for the June 2 for 1 split. If it did, it would have read $16 and change at the end of the IPO day rather than $32 and change. You can use any historical price look up quoting service (SI, Fool, Yahoo!, etc...) to find the initial price. Using the split adjusted price, the closing price on day one of the IPO was $16.48. Factor in the 3 for 1 and the 2 for 1 and the end result is $98.88 which is the actual price paid on that day ($98.875). Here's a link: chart.yahoo.com You'll see the split adjusted close on the right side of that chart stands at $16.4792 which leads me to believe that the Money article was written before the June 16th split and did not account for the 2 for 1. To achieve the $1.29 Million dollar figure you quote, the initial cost would have been $98,875 for 1000 shares to end up with a current holding of 6000 shares. Otherwise, the $32,500 would have purchased only 328.697 shares at the end of IPO day. BB