re: Juniper Buys NetScreenThat's the collective response from my pals at both companies. No one saw this coming. What does that mean? Scott K is either a genius or an idiot. He has probably either made, or ruined, one of the greatest startups in the last 20 years (JNPR) with this deal. I will watch with great anticipation as this drama unfolds.
Meanwhile, great post, crap cutter. You are right: no way BJ sells out to Juniper. He better get his ass in gear though, and do something. His flank in high end is getting hammered, Woody's lickin' his chops to get to the beach, there's no marketing in the company at all, other than the financials, he has no story outside of JetCore and TCO and Cisco is smelling blood in the water.
More Foundry fun. When you have a founding CEO with 25% of your company, you have a problem in that you have the cheapest SOB in the world not wanting to spend what he thinks is his own money, to better his company. That's why Foundry isn't doing deals. Still loving Foundry but they better wake up and do something.
re: Juniper Buys NetScreenManagement beneficially owns approximately 12.9% of our stock; their interests could conflict with yours; significant sales of stock held by them and FoundryGÇÖs employees could have a negative effect on FoundryGÇÖs stock price.
FoundryGÇÖs directors and executive officers beneficially own approximately 12.9% of our outstanding common stock as of June 30, 2003. As a result of their ownership and positions, our directors and executive officers collectively are able to significantly influence all matters requiring stockholder approval, including the election of directors and approval of significant corporate transactions. Our employees who own Foundry common stock are also collectively able to significantly influence such matters. Such concentration of ownership may have the effect of delaying or preventing a change in control of Foundry. In addition, sales of significant amounts of shares held by FoundryGÇÖs employees, directors and executive officers, or the prospect of these sales, could adversely affect the market price of FoundryGÇÖs common stock.
Let's be clear...Foundry is Bobby Johnson's personal fifedom and the company will have to be pried from his dying fingers.
re: Juniper Buys NetScreenCan Juniper keep the technical people from Netscreen ? (Netscreen is already a 7 years old company, and most of the original Tsinghua alumni engineers have been been there for that long, are they going to leave ?)
re: Juniper Buys NetScreenare you sure about the strm product revenue figures ? didn't they used to make ATM products ? do ATM products still have that kind of revenue stream?
re: Juniper Buys NetScreen>> are you sure about the strm product revenue figures ?
i think those figures are in the ballpark.
strm falls into the "switching" column on the spreadsheet these days and that includes lan and wan (strm) afaik.
i think they do about $8B in switching and csco indicates that lan modular products are down and wan and other lan switching are up making the ~$8B based on some recent filings without specific breakdowns.
look back to '96 when csco bought strm. strm was doing about $350M in revs for the $4B acq.
the new wanbu at csco was doing an easy billion about 2 years after the buyout. half the sales cycle for the wanbu was having a business card that had "cisco systems" on it. there was a pretty good value proposition putting in a strm network.
csco made a good choice at the time to buy strm and the acquisition has paid off handsomely for both parties.
Not a paragraph...the opening sentence:
"Although 2003 was a landmark year for Foundry, we anticipate a more competitive environment in 2004"
If you relisten to the call, the first question from Alex Henderson refers to this sentence, which started the ball rolling down the declining hill...
Meanwhile, great post, crap cutter. You are right: no way BJ sells out to Juniper. He better get his ass in gear though, and do something. His flank in high end is getting hammered, Woody's lickin' his chops to get to the beach, there's no marketing in the company at all, other than the financials, he has no story outside of JetCore and TCO and Cisco is smelling blood in the water.
More Foundry fun. When you have a founding CEO with 25% of your company, you have a problem in that you have the cheapest SOB in the world not wanting to spend what he thinks is his own money, to better his company. That's why Foundry isn't doing deals. Still loving Foundry but they better wake up and do something.
FoundryGÇÖs directors and executive officers beneficially own approximately 12.9% of our outstanding common stock as of June 30, 2003. As a result of their ownership and positions, our directors and executive officers collectively are able to significantly influence all matters requiring stockholder approval, including the election of directors and approval of significant corporate transactions. Our employees who own Foundry common stock are also collectively able to significantly influence such matters. Such concentration of ownership may have the effect of delaying or preventing a change in control of Foundry. In addition, sales of significant amounts of shares held by FoundryGÇÖs employees, directors and executive officers, or the prospect of these sales, could adversely affect the market price of FoundryGÇÖs common stock.
Let's be clear...Foundry is Bobby Johnson's personal fifedom and the company will have to be pried from his dying fingers.
You are shameless. Doesn't bother you to worship at the feet of a mad man.
Isn't that a little thin for a grand conspiracy theory?
i think those figures are in the ballpark.
strm falls into the "switching" column on the spreadsheet these days and that includes lan and wan (strm) afaik.
i think they do about $8B in switching and csco indicates that lan modular products are down and wan and other lan switching are up making the ~$8B based on some recent filings without specific breakdowns.
look back to '96 when csco bought strm. strm was doing about $350M in revs for the $4B acq.
the new wanbu at csco was doing an easy billion about 2 years after the buyout. half the sales cycle for the wanbu was having a business card that had "cisco systems" on it. there was a pretty good value proposition putting in a strm network.
csco made a good choice at the time to buy strm and the acquisition has paid off handsomely for both parties.