Juniper Announces Final Settlement with the Securities and Exchange Commission
SUNNYVALE, Calif., August 28, 2007 - Juniper Networks, Inc. (NASDAQ: JNPR), today announced that the Commissioners of the Securities and Exchange Commission (SEC) have authorized the final settlement between the company and the SEC regarding the previously-disclosed SEC inquiry into the company's historical stock option granting practices. Without admitting or denying the allegations in the SEC's complaint, Juniper Networks has agreed to settle the charges by consenting to a permanent injunction against any future violations of the antifraud, reporting, books-and-records and internal control provisions of the federal securities laws. No monetary penalties were assessed against the company in conjunction with today's announced settlement.
Scott Kriens, Juniper Network's Chairman and CEO summarized, "We are pleased to conclude this matter with the SEC and to continue our intense focus on execution and the growth of Juniper Networks."
This settlement concludes the SEC's formal investigation of this matter with respect to the company.
About Juniper Networks, Inc.
Juniper Networks, Inc. is the leader in high-performance networking. Juniper offers a high-performance network infrastructure that creates a responsive and trusted environment for accelerating the deployment of services and applications over a single network. This fuels high-performance businesses. Additional information can be found at www.juniper.net.
Juniper Networks and the Juniper Networks logo are registered trademarks of Juniper Networks, Inc. in the United States and other countries. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.