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To: Johnny Canuck who wrote (39605)	5/29/2003 11:13:34 AM
From: Johnny Canuck	Respond to of 69943

Juniper CEO: Pft Growth Possible Even With Flat Spending Wednesday May 28, 3:05 pm ET By Tom Becker, Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Juniper Networks Inc. Chief Executive Scott Kriens said Wednesday his company should be able to increase profit even if customer spending stays the same. In a Web cast analyst conference call, Kriens said customers are still spending enough to allow Juniper Networks and companies like it to increase earnings. ADVERTISEMENT ATTENTION ACTIVE TRADERS · 30 commission-free trades New account special offer · Enjoy FREE real-time data Get Ameritrade Streamer®. · Join Ameritrade Apex Now trade first class See all that Ameritrade offers Open your account now Capital spending is a hot issue in the telecommunications industry, as spending has steadily declined in recent quarters while customers grapple with their own financial constraints. Kriens said he expects industry capital expenditures to fall to about $150 billion this year, down from $250 million last year. Kriens said the spending figure should remain relatively flat over the next few years. Kriens said that "$150 billion is enough money to make a successful business. We don't need capex budgets to grow but we need to find out how we can make our business profitable with these numbers." Kriens doesn't think the sectors have stabilized and that a further shakeout of struggling companies will likely occur. Juniper Networks spent much of the first half of the conference explaining its strategy to analysts. The company didn't review its financial performance or offer an updated earnings outlook. In April, the company projected earnings of 2 cents a share on revenue between $157 million and $160 million in the current quarter. The numbers are in line with the consensus estimate of analysts compiled by Thomson First Call (News - Websites). The teleconference opened in a unique fashion, in a stunt apparently orchestrated by the company. A man who identified himself as "Willie Buymore" peppered Juniper Networks' management with questions about the company and its strategy. Throughout the Web cast, "Buymore" interrupted executive presentations by cracking jokes at the expense of attendees and company management and threatening to leave and work on his tan if his questions weren't answered. -By Tom Becker, Dow Jones Newswires; 201-938-2020