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To: RealMuLan who wrote (2531)	1/21/2004 10:41:54 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

Numbers start to add up for telecoms sector By Paul Taylor in New York Published: January 19 2004 21:06 \| Last Updated: January 19 2004 22:59 Network and telecommunications equipment stocks surged late last week after Juniper Networks reported exceptionally strong fourth-quarter results, fuelling growing optimism that the market for telecoms equipment is turning round. For the first time in almost three years, network and telecoms equipment vendors are cautiously optimistic about demand for their products and services - particularly the market for next-generation "packet switched" equipment based on IP technology. Juniper's stock jumped more than 30 per cent on Friday after the company surprised Wall Street by reporting a 74 per cent increase in net earnings and a 33 per cent jump in revenues. "The fourth quarter was exceptionally strong," says Scott Kriens, chief executive. The company said the results and raised forecast reflected strong customer demand for high performance networking equipment. The IP networking equipment specialist also raised its first-quarter earnings and revenue guidance, prompting analysts to upgrade the stock. In the wake of the announcement, shares in the sector were marked sharply higher. Among the market leaders, Cisco Systems, Nortel Networks, Lucent Technologies, Ciena and JDS Uniphase surged to 52-week highs, suggesting the long-awaited rebound in capital spending and equipment orders is under way. news.ft.com