What is happening at Juniper?
Posted: March 15th, 2007 | Author: Gokul Gopalakris | Filed under: VoIP News | 1 Comment »Juniper has announced that two of its top executives are jumping ship. As part of the filing with the U.S. Securities and Exchange Commission, Juniper has revealed that Robert Dykes, Juniper’s chief financial officer, and Robert Sturgeon, vice president of the service layer technology group will be leaving Juniper. You can read more about this here.
This is not very positive news for this data networking company. Of late they have been in the news for all the wrong reasons. First, they came under federal investigations for backdating stock options and now this. Sales and growth has been pretty disappointing as well the last few quarters with Cisco killing them in most segments. In fact, I have heard from atleast two different sources that they are prime targets for acquisition and that Cisco was aggressively looking to buy out Juniper. Personally, I don’t think that is a great idea, since there is so much bad blood between the two. In fact Juniper came into existence with a single point agenda to beat Cisco.
The next few months shall define the “route†Juniper will take.
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