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Siemens Sells Juniper Stock

Siemens sells partial equity holdings of Juniper Networks

December 16, 2004

1 Min Read

MUNICH and SUNNYVALE, Calif. -- Siemens (NYSE:SI) and Juniper Networks, Inc. (Nasdaq:JNPR) today announced that Siemens has sold approximately 13 million shares of its holdings in Juniper Networks common stock. Siemens received these shares in connection with the acquisition by Juniper Networks of Unisphere Networks from Siemens in 2002.

"This sale was made in the course of our normal treasury planning and asset allocation efforts," said Peter Moritz of Siemens. "We continue to develop our commercial and technology relationship with Juniper Networks."

Siemens remaining ownership in Juniper Networks common stock is below 5% of the total outstanding shares.

Juniper Networks Inc.

Siemens AG

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