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

To: Ibexx who wrote (3092)	3/8/2002 3:20:36 PM
From: Sully-	Respond to of 3350

I agree Ibexx. My comments are focused on the expectations for earnings in the next 3 or 4 quarters. I think JNPR is a great company & has great long term prospects....... just like QCOM. FWIW, I am waiting for one more serious sell off in the market later this year before I consider any long term positions in either company. Regards, Tim Ö¿Ö

To: Ibexx who wrote (3092)	3/8/2002 3:55:47 PM
From: Ibexx	Read Replies (1) \| Respond to of 3350

Shares of Network Gearmakers Rise Fri Mar 8, 3:45 PM ET SAN FRANCISCO (Reuters) - Shares of network equipment makers posted solid gains on Friday, helped by SBC Communications Inc., which said it would maintain more than $9 billion in capital spending this year and would continue building its data and Internet Protocol network. Hopes a stronger economy will boost information technology spending by corporate "enterprise" customers helped lift networkers' shares, a day after No. 2 U.S. local phone company SBC said it would meet this year's growth goals and develop a national data network. Shares in Foundry Networks Inc. rose roughly 17 percent, or $1.22, to $8.22 late Friday afternoon. Shares on No. 2 Internet equipment maker Juniper Networks Inc. rose about 9 percent, or $1.18, to $13.75. Riverstone Networks Inc. shares -- which lost half their value in one day last week after the company warned it would miss fourth-quarter earnings estimates -- gained about 8 percent, or 48 cents, to $6.65. The American Stock Exchange Networking Index <.NWX> rose 2.3 percent, slightly ahead of a 2 percent rise in the Nasdaq Composite index <.IXIC>. FOCUS ON CAPITAL SPENDING SBC's announcement brought hope that carrier capital spending has stabilized, analysts said. They said network gear suppliers making equipment for underequipped urban area networks stand to benefit most. "We believe that SBC's announcement reconfirms that regional bells are committed to making significant investments in the metropolitan area network in 2002-2003," Pacific Growth Equities analyst Erik Suppiger wrote in a research note. Meanwhile, a healthier economy may allow corporations to resume IT projects, analysts added. Shares of network gear suppliers sank last year as telecom carrier spending plunged and corporate IT spending tightened in response to the sluggish economy. "We've been saying for two weeks that enterprise is stabilizing," said Buckingham Research Group analyst Gina Sockolow. "The feedback is that things aren't falling apart. Corporate spending in the U.S. is up modestly." CISCO MAY BE SHOPPING Separately, shares in Sonus Networks Inc. jumped after a report said networking giant Cisco Systems Inc. could acquire the smaller company. Sonus shares rose 46 cents, or about 14 percent, to $3.74 in heavy afternoon trading on the Nasdaq. Cisco was up 79 cents, or 4.6 percent, to $17.79 in Nasdaq trading. A Cisco spokeswoman said the company, which has repeatedly said it will make eight to 12 small acquisitions this year to add products and services, does not comment on market rumors. Sonus officials were not immediately available. Optical networking Web site Light Reading (www.lightreading.com) said on Thursday the two companies were in talks that could lead to an acquisition by Cisco, which has $21 billion in cash and equivalents. Analysts rate Sonus, which builds voice-over-Internet Protocol gateways for telephone companies to carry voice traffic over packet-based networks, as one of the more attractive targets in a sector expected to consolidate. Ciena Corp. said last month it would buy ONI Systems Corp. for $900 million in stock to bolster its presence in the metro optical networking markets. Ibexx