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Juniper Networks on 1.5-billion-dollar shopping spree: report
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    • BERLIN (AFP) Dec 02, 2004
     The US telecom equipment group Juniper Networks is shopping around for new acquisitions, and has up to 1.5 billion dollars to spend, its president Scott Kriens said Thursday in an interview.

    "We are presently exploring the market in almost all directions," the German language Financial Times Deutschland quoted Kriens as saying.

    "We can use our 1.5 billion dollars (1.1 billion euros) in cash for that," he added.

    Juniper finalised in mid-April the purchase of network security software maker Netscreen for around 3.8 billion dollars.

    It is positioning itself as a rival to the biggest Internet equipment provider, Cisco Systems.

    Juniper's main activity is the manufacture of routers that direct Internet traffic across data networks.




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