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To: Venkie who wrote (74)5/2/2001 3:27:26 PM
From: Sully-  Read Replies (1) | Respond to of 13815
 
Juniper: Hard to predict sales

By Bambi Francisco, CBS.MarketWatch.com
Last Update: 3:18 PM ET May 2, 2001

SAN FRANCISCO (CBS.MW) - "No visibility."

Those were the oft spoken words from Juniper Networks' CFO Marcel Gani during the breakout session after his morning presentation at the JPMorgan H&Q Technology Conference on Wednesday. See full conference coverage.

In the breakout session (the sessions this year are open to the media for the first time), Gani reiterated earlier statements that sales in the second quarter could be 10 percent lower than in the first quarter.

He said his service-provider customers are proceeding with design and planning for the buildout of new infrastructures to handle data but changing the way they order. Instead of committing in advance to six months worth of products, they're in one-month intervals.

That removes the ability to forecast sales, Gani said.

Asked repeatedly whether the company has seen the bottom of the decline in customer orders, Gani said only: "We have low visbility at this time."

Juniper (JNPR: news, msgs, alerts) shares were up $3.35, or about 5 percent., to $66.60 in late trading Wednesday.

Bambi Francisco is Internet editor of CBS.MarketWatch.com, based in San Francisco.

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