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Tag: juniper
Juniper sheds 6% of workforce, more restructuring to come
2014-04-03 02:00:00| Total Telecom industry news
Middle managers for the chop, facilities to consolidate and application delivery controller business to go under equipment maker's integrated operating plan.
Tags: to
come
workforce
restructuring
Juniper Networks not giving up firewall patent fight vs. Palo Alto Networks
2014-03-12 13:32:24| InfoWorld: Top News
Juniper Networks' legal battle against Palo Alto Networks claiming infringement of application-firewall patents ended in a mistrial being declared in a Delaware court, but Juniper says it intends to haul Palo Alto back into court again.
Tags: giving
networks
alto
fight
Nokia considers buying Juniper to expand network unit: report
2014-02-21 17:34:01| MobileTechNews
Nokia and Juniper are in discussions around a possible merger, according to this report.
Tags: report
network
unit
expand
Juniper offers cost cuts, dividend after Elliott pressure
2014-02-21 08:37:00| Telecompaper Headlines
(Telecompaper) Juniper Networks announced plans for significant cost reductions and a major return of capital to shareholders. The company targets a reduction of USD 160 million in operating costs by Q1 2015 compared to Q4 2013, helping it achieve a 25 percent operating margin in 2015. This is an improvement of 580 basis points from 2013. CEO Shaygan Kheradpir will lead a Cost Control Committee, and Juniper hired McKinsey to help with the restructuring. Juniper also committed to return a minimum USD 3 billion to shareholders over the next three years through a combination of share repurchases and dividends. This will include up to USD 2 billion in shares repurchased by Q1 2015, of which USD 1.2 billion under an accelerated buyback starting soon. Juniper will also initiate a quarterly cash dividend of USD 0.10 per share beginning in the third quarter of 2014, with the expectation to increase the dividend over time. The shareholder remuneration will be funded by a combination of existing cash and newly issued debt. Finally, the company announced the appointment of Kevin DeNuccio, a former Cisco executive, and Gary Daichendt, the former CEO of Redback Networks, as new independent directors, while Juniper's own former CEO Kevin Johnson will retire from the board at the end of February. The new strategy follows a review by the company's new CEO as well as pressure from shareholders. Jesse Cohn, portfolio manager at shareholder Elliott Management, welcomed the changes, saying it was "an incredibly positive development".
Tags: offers
cost
pressure
cuts
Juniper Bows to Elliott's Pressure, Plans $2 Billion Buyback
2014-02-21 05:38:02| Telecom - Topix.net
Juniper Networks Inc., bowing to pressure from activist hedge funds Elliott Management Corp. and Jana Partners LLC, announced plans to return at least $3 billion to shareholders and cut $160 million in expenses.
Tags: plans
pressure
billion
juniper
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