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

To: Kayaker who wrote (2770)	10/11/2001 9:43:47 PM
From: Kayaker	Respond to of 3350

19:02 ET ****** Juniper Networks (JNPR) 16.64 +1.64: The networkers are rocking after the close, mostly due to a solid quarter from Juniper as it reported Q3 EPS of $0.10, $0.03 better than consensus. Also, the company authorized a stock repurchase program of up to $200 million over the next two years. Importantly, the company attempted to dispel the main arguments against JNPR. Management tried to downplay all the talk about lower capital spending by its customers: Yes, cap-ex will be down but the greater reductions will be in plans for physical plant buildouts, not so much JNPR's market.... Message 16491831