Juniper's $4B buy signals security push

Monday, 9 February 2004, 8:53 PM EST

In a blockbuster telecom equipment deal underlining the growing importance of network security, Juniper Networks will buy NetScreen Technologies for $4 billion in stock.

Under the deal, expected to close in the second quarter, Juniper will exchange 1.404 shares of its stock for each share of Juniper. The companies' directors have approved the merger; shareholders and regulators must now sign off.

"We're only going to do what we've already been doing and do it better," Scott Kriens, Juniper's chairman and CEO said in a conference call with analysts.

By Colin Haley at InternetNews.com

[ Read more ]

Related items




Spotlight

Banks and IT security: The elements of success

Nathan Horn-Mitchem, VP, Information Security Officer at Provident Bank, talks about delivering and maintaining IT security for 80 branches of the bank.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  
DON'T
MISS

Fri, Mar 27th
    COPYRIGHT 1998-2015 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //