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

To: Rich1 who wrote (2647)	7/12/2001 5:38:32 PM
From: chojiro	Read Replies (1) \| Respond to of 3350

Rich1, a bunch of stuff out on the earnings. Looks like they didn;t like the news, but the CC must be going okay as it is trading up in AH. Getting closer to my 35 cover of most my position. I don't have time to read all the news now, I have a tennis match I need to go to. Take care. Here is One my bias POV decided to post. P.S. I could have posted the revenues miss article-g- Juniper Q2 results meet reduced expectations SUNNYVALE, Calif., July 12 (Reuters) - Juniper Networks Inc. <JNPR.O>, the No. 2 maker of Internet routers, on Thursday reported second-quarter results in line with sharply reduced expectations. Before one-time charges, Juniper reported earnings per share of 9 cents, in line with its reduced guidance. Analysts had forecast earnings on that pro-forma basis of between 7 cents to 9 cents, according to Thomson Financial/First Call. Juniper reported revenue of $202.2 million for the quarter ended June 30, down 39 percent from the prior quarter and at the low end of the forecast the company issued on June 8, when it said that telecommunications customers were buying equipment more slowly and negotiating more aggressively on pricing. At the time of Juniper's June 8 earnings warning, the Sunnyvale, California-based company had offered no guidance for the second half of the year and its quarterly profit announcement did not include any new detail on the outlook for its business. Juniper competes against networking giant Cisco Systems Inc. <CSCO.O> in the market for Internet routers. ((Kevin Krolicki, Los Angeles bureau, 213 955 6760, fax 213 622 0056)) REUTERS * end of story *