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To: Boplicity who wrote (10696)	5/15/2003 9:39:29 AM
From: Boplicity	Read Replies (1) \| Respond to of 13815

Stocks split; Juniper hops on upgrade May 14, 2003 16:18:00 (ET) NEW YORK (CBS.MW) - Decliners outnumbered advancers in the telecommunications sector on Wednesday even though one major Wall Street firm turned more bullish in industry stocks. By day end, American Stock Exchange's Networking Index, which represents large manufacturers, had gained 0.6 percent. Yet most of that increase stemmed from an increase in two stocks - Nortel Networks (NT, Trade) and Juniper Networks (JNPR, Trade). In total, nine of the 15 index stocks fell. Juniper, however, climbed 50 cents, or 4.0 percent, to $13.01 and set a 52-week high. Smith Barney upgraded the stock on the view that the company should see incremental sales increases over coming quarters. Nortel added 10 cents, or 3.4 percent, to $3. There was no major news. Smith Barney also upgraded the telecommunications equipment group to "market weight" from "underweight," citing the probability of improved carrier spending and the likelihood of better-than-expected earnings reports in upcoming quarters. As part of the call, analyst Alex Henderson also raised his recommendation on Enterasys Networks (ETS: news, chart, profile) Meanwhile, the more broadly based Nasdaq Telecommunications Index slipped 0.3 percent. Thirteen of the 20 largest stocks declined, though most losses were limited to just a few pennies. In the phone sector, the outlook was sunnier. Eight of the 13 stocks in the Standard & Poor's Communications Services Index advanced. Level 3 Communications (LVLT, Trade) was the top performer, tacking on 4.4 percent to $6.41. And Citizens Communications (CZN, Trade) briefly touched a 52-week high.