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To: Jeff Jordan who wrote (5478)	7/12/2001 4:21:47 PM
From: Sully-	Read Replies (2) \| Respond to of 208838

Juniper Networks, Inc. Reports Q2'01 Financial Results Net Revenue $202.2M, up 79% Pro forma EPS $0.09 SUNNYVALE, Calif.--(BUSINESS WIRE)--July 12, 2001--Juniper Networks, Inc. (Nasdaq:JNPR - news), a leading provider of next-generation IP infrastructure systems, today reported its second quarter results for the period ending June 30, 2001. Net revenues for the second quarter were $202.2 million, compared with $113.0 million for the same period last year, an increase of 79%. Pro forma net income was $29.3 million or $0.09 per share, compared with pro forma net income of $28.6 million or $0.08 per share for the second quarter of 2000. Actual net loss for the second quarter, which includes amortization of goodwill and other purchased intangibles of $12.3 million, amortization of deferred compensation of $18.8 million, a restructuring charge of $12.3 million and write-downs in equity investments totaling $32.6 million, was $37.1 million or $0.12 per share, compared with net income of $19.6 million or $0.06 per share in the second quarter of 2000. Net revenues for the first six months of 2001 were $534.3 million, compared with $176.9 million for the same six month period in 2000. Pro forma net income for the first six months of 2001 was $121.5 million or $0.35 per share, compared with pro forma net income of $39.1 million or $0.11 per share during the same six month period in 2000. Actual net income for the first six months of 2001 was $21.4 million or $0.06 per share, compared with actual net income of $27.7 million or $0.08 per share during the same six month period in 2000. ``The second quarter represents an example of our priorities during these times -- customer growth, financial discipline, and continued investment in innovation,'' said Scott Kriens, Chairman and CEO of Juniper Networks. ``We will continue to use our proven abilities in focus and execution to protect these principles,'' Kriens said. About Juniper Networks Juniper Networks, Inc. is a leading provider of purpose-built systems that meet the scalability, performance, density, and compatibility requirements of rapidly evolving, optically enabled IP networks. The company's systems provide new IP infrastructure solutions for the world's leading service providers. Juniper Networks service, manufacturing teams, and IP engineers work closely with customers to build and support customer networks. The company is headquartered in Sunnyvale, California. For more information, please visit the Web site at juniper.net. Juniper Networks is registered in the U.S. Patent and Trademark Office and in other countries as a trademark of Juniper Networks, Inc. Internet Processor, Internet Processor II, JUNOS, JUNOScript, M5, M10, M20, M40, and M160 are trademarks of Juniper Networks, Inc. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners. Actual results could differ materially from those anticipated in forward-looking statements in this release as a result of certain factors, including those set forth in the risk factors described in the Company's SEC filings, including its recent Form 10K. <snip> biz.yahoo.com Ö¿Ö