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

To: Spytrdr who wrote (2216)	2/15/2001 7:18:58 PM
From: Bruce Brown	Read Replies (1) \| Respond to of 3350

Good call, Spy. Had you also called at the same time that Nortel would warn after the bell on the day that Juniper nearly reached resistance to say that Nortel would see -.04 instead of the estimated .16 for the quarter - then I would treat you to an adult beverage or two. I know - you would tell me it was in the chart. I'm looking forward to the point in the economic cycle when warnings and disappointing quarterly earnings begin to see share prices increasing rather than decreasing.... In spite of that, a non legacy vendor like Ciena is enjoying the benefits of receiving the limited budget dollars from customers over a legacy vendor like Nortel. They had a good report this morning and upped full fiscal year guidance. I don't know if that was in the charts or not. BB

To: Spytrdr who wrote (2216)	2/16/2001 2:44:59 AM
From: Herschel Rubin	Respond to of 3350

The day after Kriens delivered an optimistic outlook for JNPR at the RSSF Conference, Nortel announces their own slowdown. Which story is the investor to believe? I don't doubt the veracity of NT's comments, but Juniper's CEO is not known to be a hypster either. So perhaps his words of optimism in spite of the NT announcement indicate he knows JNPR will be able to prosper in a tough environment by making up any NT shortfall with other sources of revenue. Surely as of yesterday's presentation, Kriens would have known about NT's order pipeline because JNPR & NT have a close working relationship. Some clarification is needed from Juniper on this issue today, unless they want their stock to have a reputation for having huge volatility swings, and thus deter institutional investors from taking a stake in JNPR. One may flatter oneself into thinking that they could have predicted a stock decline based on technicals, but for shorts, today's NT announcement is just pure luck, and with proper clarification from management, JNPR should very likely stay in the $90+ range where it was building momentum and had washed out shareholders with margin calls. If management allows the contrast between Kriens' comments yesterday and Nortel's comments today to stand without further clarification, then JNPR will continue to have a reputation as a volatility stock and a playground for daytraders whose primary goal is to extract profits from share appreciation on a daily basis. If, in the aggregate, day traders are consistently successful at extracting profits from a particular stock, then share appreciation is diminished for employees and long-term shareholders. Therefore, my assertion is it is incumbent on management to step forward with comment as to whether or not Kriens' comments of just yesterday are still valid. I have reason to believe Kriens' guidance from yesterday is still valid, but the Street needs to hear it. Scott, are you listening? You did a top-notch job in yesterday's presentation -- no doubt about it -- but your presentation isn't quite finished after today's developments!