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To: Techplayer who wrote (7462)	4/21/1999 2:10:00 PM
From: Techplayer	Read Replies (1) \| Respond to of 21876

Juniper Networks files for IPO By Reuters Special to CNET News.com April 21, 1999, 9:30 a.m. PT High-speed Internet router Juniper Networks said today it seeks to raise $70 million from an initial public offering of its common stock. The company, based in Mountain View, California, did not disclose the number of shares it intends to offer to the public nor did it provide an estimated price range for the stock in its filing with the Securities and Exchange Commission. Juniper has applied to trade the shares on Nasdaq under the symbol "JNPR." The underwriters are Goldman Sachs, Credit Suisse First Boston, BancBoston Robertson Stephens, and Dain Rauscher Wessels, who have been granted an additional number of shares to cover any heavy demand. Like other Internet start-ups, Juniper, which began operations in February 1996, has incurred significant operating losses since its inception. As of March 31, 1999, it had $49.8 million in accumulated debt, according to the filing. However, net revenue grew to $10 million in the quarter ended March 31, 1999, from nil in the quarter ended Sept. 30, 1998, the company said. But it added that it couldn't be certain its revenues will continue to grow. The selling shareholders are Crosspoint Venture Partners 1996 of Woodside, California, which will sell all of the 1,658,210 shares it holds, and Northern Telecom of Ontario, Canada, which will sell 1 million of the 1,763,719 shares it holds, Juniper Networks said in its filing. Shareholders with at least a 5 percent stake in Juniper Networks, but who were not listed as selling shareholders, are Kleiner, Perkins, Caufield & Byers and New Enterprise Associates, both in Menlo Park, California, and Ericsson Business Networks, a unit of Swedish telecom group Ericsson, one of the world's biggest mobile phone makers. Juniper Networks plans to use the net proceeds from its shares sold for general corporate purposes, mainly working capital and capital expenditures. It will not, however, receive any proceeds from the shares sold by the stockholders.