Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (64280)	7/10/2003 5:12:07 PM
From: William F. Wager, Jr.	Respond to of 77400

After the Bell-Juniper up after earnings, lifts Cisco Thursday July 10, 5:03 pm ET (Updates prices, adds Intel, Cisco, Microsoft) NEW YORK, July 10 (Reuters) - Shares of Juniper Networks Inc. (NasdaqNM:JNPR - News) rose in after-hours trading on Thursday after it reported higher quarterly earnings. Shares in Juniper, the No. 2 network equipment maker after Cisco Systems Inc. (NasdaqNM:CSCO - News), rose to $14.32 on Instinet, up from their close of $14.11 on the Nasdaq. After the close, Juniper posted a second-quarter net profit of $13.6 million, or 3 cents a share, compared with year-earlier net income of $6.2 million, or 2 cents a share. Revenue rose to $165.1 million from $117.0 million a year earlier. Other technology shares were mixed after the closing bell. Shares of Intel Corp. (NasdaqNM:INTC - News) fell to $22.87 on Instinet from their close of $22.91. In the regular session, Intel lost 57 cents, or 2.43 percent. But Cisco Systems crept up in after-hours trade. They rose to $18.36 on Instinet, up from their closing price of $18.31, after losing 2.61 percent, or 49 cents, in the regular session. Microsoft Corp. (NasdaqNM:MSFT - News) also gained ground. Its shares rose to $26.95 on Instinet from their close of $26.91. Stocks fell sharply on Thursday, after results from Internet company Yahoo Inc. (NasdaqNM:YHOO - News) and weak economic data stoked fears that the economy may not pick up enough to support the market's recent rally. The Dow Jones industrial average (CBOT:^DJI - News) finished down 120.17 points, or 1.31 percent, at 9,036.04. The broader Standard & Poor's 500 Index (CBOE:^SPX - News) shed 13.51 points, or 1.35 percent, to 988.70. The technology-laced Nasdaq Composite Index (NasdaqSC:^IXIC - News) dropped 31.60 points, or 1.81 percent, to 1,715.86.

To: Lizzie Tudor who wrote (64280)	7/10/2003 5:15:00 PM
From: William F. Wager, Jr.	Read Replies (1) \| Respond to of 77400

Juniper's Net More Than Doubles, Lifted by Growth in Broadband A WALL STREET JOURNAL ONLINE NEWS ROUNDUP Juniper Networks Inc. more than doubled its net income in the second quarter, as demand for high-speed Internet products helped fuel 41% revenue growth. The Sunnyvale, Calif., networking company reported net income of $13.6 million, or three cents a share, compared with earnings of $6.2 million, or two cents a share, the previous year. Revenue jumped to $165.1 million from $117 million. Excluding gains from the sale of investments and retirement of debt and other one-time items, Juniper earned $10.3 million, still three cents a share, compared with break-even per-share results a year earlier. The results beat Juniper's guidance in April of earnings of two cents a share on revenue between $157 million and $160 million. Analysts had been expecting profit of two cents a share, according to Thomson First Call. "The second quarter was strong," said Scott Kriens, Juniper's chairman and chief executive. "We continue to be encouraged by both the broadband momentum around the world as well as the sound financial footing of Juniper Networks in the marketplace." Juniper makes routers that direct traffic across the Internet. In May, Mr. Kriens doesn't think the sector has stabilized and said that a further shakeout of struggling companies will likely occur. However, he said the company should be able to be profitable, even if customer spending remains flat. 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. In 4 p.m. trading on the Nasdaq Stock Market, Juniper shares fell 76 cents, or 5.1%, to $14.11. Juniper reported its results after the market close. Updated July 10, 2003 4:39 p.m.