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

To: 10K a day who wrote (2570)	6/8/2001 7:58:56 AM
From: Jerry Miller	Read Replies (1) \| Respond to of 3350

Friday June 8, 7:53 am Eastern Time Juniper slashes job, revenue outlook SUNNYVALE, Calif., June 8 (Reuters) - Networking equipment maker Juniper Networks Inc. (NasdaqNM:JNPR - news) on Friday said its second-quarter results would fall far short of expectations and it would cut 8 to 9 percent of its staff amid the slowdown in the telecommunications and network service provider sectors. Sunnyvale, California-based Juniper said its revenue for the period ending June 30 would range between $200 million to $210 million, with earnings before certain items of 8 to 9 cents per share. It will record a charge of $45 million for the job cuts. Previously, Juniper had forecast revenue of $300 million to $330 million, it said. Analysts on average had expected revenue of about $324 million, according to research firm Thomson Financial/First Call. Earnings had been seen ranging from 22 cents to 26 cents per share, with a mean expectation of 24 cents per share.