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To: Jorj X Mckie who wrote (2594)	11/13/2001 3:33:01 PM
From: mph	Respond to of 2850

ohhh...he was just kidding then, huh? LOL

To: Jorj X Mckie who wrote (2594)	11/13/2001 3:48:47 PM
From: John Pitera	Respond to of 2850

10:04 ET ******Juniper Networks (JNPR): 24.55 +0.56: It isn't often that an acquisition announcement drives a stock higher. Yet when the acquisition carries the potential to open material new markets, investors tend to respond favorably. Last night, Juniper Networks announced it would acquire privately held Pacific Broadband Communications for approximately $200 million in stock. Assuming the acquisition goes through, it will broaden Juniper's end market (not necessarily its direct customers) to include cable television subscribers -- the strategy being that Juniper can provide equipment for Internet-based services such as high-speed access and video on demand. Pacific Broadband is currently in the process of testing a system that delivers such services over existing copper lines. According to Juniper, the market for such products is expected to grow from $500 million this year to $1.3 billion by 2005. Looking at the acquisition another way, it enables Juniper to operate away from the long-haul, carrier-based portion of the network where Cisco Systems (CSCO) is the top player. From a technical perspective, things are shaping up relatively well for JNPR. Though the shares are somewhat extended on a near-term basis, a look at the six-month chart suggests it has room to move over the intermediate term. To the upside, look for initial resistance at 27.00 which marked the top of its October buy wave. On a break higher, the intermediate-term swing target is in the area of 34.50. To the downside, JNPR should have support in the area of 21.90-22.20 which marks an area of prior congestion and also brackets its 20-day exponential moving average. -- Mike Ashbaugh, Briefing.com