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

To: peter michaelson who wrote (1760)	10/16/2000 12:50:19 AM
From: peter michaelson	Read Replies (2) \| Respond to of 3350

My basic point is that eventually growth must slow. Therefore it stretches credultiy to figure how JNPR can grow into its market cap. I have projected a 167% revenue growth for next year (vs. guidance of 100%), and further amazing growth (within reasonable limits). In this scenario, EPS gets to $3.80 for the year 2003. 1999 2000 2001 2002 2003 Revenues 103 680 1,813 2,680 3,696 Growth 563% 167% 48% 38% EPS -0.21 0.54 1.76 2.70 3.80 At that point growth is down below 25%. So at today's price we would be paying a 60x multiple of 2003 earnings, with a company growing at 25%. But one must apply a risk factor to my projections - which from any perspective portray a historically successful enterprise. Any thoughts, please?