Juniper Networks Responds to Option-Related Inquiry
SUNNYVALE, CA - May 22, 2006 - Juniper Networks, Inc. (Nasdaq: JNPR) today announced that the company has received a request for information from the office of the United States Attorney for the Eastern District of New York relating to the Company's granting of stock options.
The Company is actively engaged in responding to this request for information, and intends to cooperate fully with all matters related to this request. In addition, the Board's audit committee is reviewing the Company's historical stock option granting practices. The audit committee will be assisted by independent counsel and advisers.
According to Juniper Chairman and CEO Scott Kriens, "Juniper is a quality company whose success is the byproduct of an unwavering commitment to customers, employees, partners and shareholders. This will not change. We will remain focused on our business objectives while we respond to these inquiries."
About Juniper Networks, Inc.
Juniper Networks is the leader in enabling secure and assured communications over a single IP network. The company's purpose-built, high performance IP platforms enable customers to support many different services and applications at scale. Service providers, enterprises, governments and research and education institutions worldwide rely on Juniper Networks to deliver products for building networks that are tailored to the specific needs of their users, services and applications. Juniper Networks' portfolio of proven networking and security solutions supports the complex scale, security and performance requirements of the world's most demanding networks. Additional information can be found at www.juniper.net.
Juniper Networks and Junos are registered trademarks of Juniper Networks, Inc. in the United States and other countries. The Juniper Networks and Junos logos are trademarks of Juniper Networks, Inc. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.