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To: Dealer who wrote (49925)	4/11/2002 4:19:45 PM
From: Sully-	Read Replies (3) \| Respond to of 65232

Juniper Networks, Inc. Reports Q1'02 Financial Results Net Revenue $122.2M Pro forma EPS $0.00 SUNNYVALE, Calif.--(BUSINESS WIRE)--April 11, 2002--Juniper Networks, Inc. (Nasdaq:JNPR - news), a leading provider of trusted IP infrastructures for the New Public Network, today reported its first quarter results for the period ending March 31, 2002. Net revenues for the first quarter were $122.2 million, compared with $332.1 million for the same period last year, a decrease of 63%. Pro forma net income was $423,000 or $0.00 per share, compared with pro forma net income of $85.4 million or $0.25 per share for the first quarter of 2001. Actual net loss for the first quarter, which includes amortization of deferred compensation of $13.6 million, amortization of purchased intangibles of $1.6 million and write-downs in equity investments totaling $30.6 million, was $46.0 million or ($0.14) per share, compared with net income of $58.6 million or $0.17 per share in the first quarter of 2001. ``The critical objective for Juniper Networks is to position ourselves for the industry recovery,'' said Scott Kriens, Chairman and CEO of Juniper Networks. ``The company benefits from increased customer reception, and remains financially healthy while committed to investment and innovation across multiple markets, which will drive our growth as the industry outlook improves.'' About Juniper Networks Juniper Networks leads the industry in turning network innovation into the reliable delivery of edge, core, mobile, and cable Internet services at scale for the New Public Network. Headquartered in Sunnyvale, California, Juniper Networks offers additional information on its product and service offerings at www.juniper.net. Note to Editors: Juniper Networks is registered in the U.S. Patent and Trademark Office and in other countries as a trademark of Juniper Networks, Inc. Broadband Cable Processor, G10, Internet Processor, Internet Processor II, JUNOS, JUNOScript, M5, M10, M20, M40, M40e 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.................... biz.yahoo.com

To: Dealer who wrote (49925)	4/11/2002 4:30:32 PM
From: stockman_scott	Respond to of 65232

Pension Legislation Heads to Floor April 11, 2002 By THE ASSOCIATED PRESS Filed at 3:30 p.m. ET WASHINGTON (AP) -- House Democrats repeatedly invoked the word `` Enron'' Thursday, saying a bill modeled after President Bush's pension overhaul plan would not prevent workers from losing their retirement savings in another corporate collapse. ``It's corporate contributions, stupid,'' said Rep. Charles Rangel, D-N.Y., citing that as the reason Republicans were pushing the bill. Democrats acknowledged they wouldn't be able to defeat the measure but with an eye toward November elections were attempting to tie the debate to corporate greed and Enron. The bill would let retirement fund managers give advice to workers, allow workers to sell employer-matched stock in their 401(k) plans and require that notice be given to workers before changes are made to their plan. ``What you see is a party desperate for a message,'' Speaker Dennis Hastert, R-Ill., said of Democrats. ``They'll try to take Enron and politicize this whole process.'' The Democratic-controlled Senate hasn't acted on its pension proposals, which still are being considered by committees. The House bill is the first Enron-inspired legislation to be considered on the floor of either congressional chamber following a flurry of hearings and proposals after the December collapse of the energy company. Thousands of Enron workers whose 401(k) plans were heavily invested in company stock lost their retirement savings. ``It's not the silver bullet that's going to solve every problem,'' said Rep. Rob Portman, R-Ohio, a sponsor of one of the bills merged in the final legislation. ``But it's a substantial change in current law and it does address the Enron issue.'' Portman lost his Democratic co-sponsor, Rep. Benjamin Cardin, D-Md., when Republican leaders included in the final plan a provision allowing workers to receive investment advice from the same companies that manage their 401(k) retirement accounts. Democrats say the advice would be tainted by financial conflicts of interest. The bill by Portman and Cardin would let workers pay for their own investment advice with pretax dollars automatically deducted from their paychecks. That also was included in the final bill. Democrats cited Merrill Lynch & Co. Inc. as an example of problems that could occur if investment firms were allowed to advise workers. The firm was ordered Monday to reform its business practices after being accused of giving advice that hurt clients but enriched the company. ``This is the lesson of Enron,'' said Rep. George Miller, D-Calif., ranking Democrat on the House Workforce Committee. But Republicans defended the measure, saying that it provides much-needed investment advice to workers and requires disclosure of any potential conflicts. ``The bill includes rigorous protections to safeguard the interests of workers who receive investment advice,'' said Kevin Smith, a Workforce Committee spokesman. ``Those who say otherwise are simply playing politics.'' Other provisions include: --Banning company executives from selling their company stock during blackout periods when workers can't make changes to their 401(k) accounts. Enron executives sold their stock while workers were prohibited from selling that in their 401(k) plans as the price plummeted. --Requiring 30 days notice to workers before they are locked out of their accounts for administrative changes. --Letting employers decide if workers can sell their employer-matched company stock after holding it for three years or after three years of service with the company. Enron barred workers from selling employer-matched company stock in their 401(k) plans until age 50. nytimes.com