Sign in to view your mail. Finance Home. Currency in USD. Add to watchlist. Amounts are as of December 31, and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Scores indicate decile rank relative to index or region.
A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk. Advertise with us. Sindhu knew that information would soon overtake voice traffic on telephone networks, and the networks would have to keep pace with bandwidth demand. By breaking up data and removing a need for dedicated circuits, routers allowed more traffic and lower costs than switches used by traditional phone networks. Sindhu chose the company's name to symbolize the root system of the Juniper tree—quite complex and strikingly strong.
Juniper promised to defeat bottlenecks on the Internet with a product that would move data up to times faster than competing routers. Sindhu ran the company for the first seven months. Scott Kriens joined Juniper in September as chief executive officer; Sindhu was designated chief technology officer and vice chairman. To raise money while the company had no products to sell, in September , Juniper sold stakes in the business to potential customers, a cluster of Cisco competitors that included Ericsson, 3Com, Lucent Technologies, and Nortel Networks.
To best connect billions of potential Internet users, Sindhu wanted to start with new hardware from the ground up. Juniper had a strategy that was unusual for network equipment makers: It outsourced all its manufacturing operations to better use assets, lower production costs, and accelerate time to market-critical for the fast-changing Internet. And the startup harnessed the efficiency of the Internet to streamline operations.
From the beginning, Juniper collaborated on designs, linked with outsourcers, and managed inventory via the Web. Juniper also partnered with Solectron and Celestica, which manufactured products from the prototype stage to production, and performed material procurement, final assembly, testing, control, and shipment to customers. In December , Juniper introduced JUNOS, the industry's first operating system designed specifically for the routing and operational needs of the fastest-growing Internet backbone networks.
A backbone is a set of paths that regional networks connect to for long-distance interconnection. After in-depth testing of JUNOS, in September , Juniper shipped its much-anticipated first product, the M40 router, designed to provide faster, more reliable Internet access and packet delivery.
The M40 was capable of forwarding 40 million packets per second, and Juniper promised that this terabit router would deliver traffic up to 10 times quicker than other existing products.
In , Cisco had more than 90 percent market share in the multibillion-dollar core router market, which was growing at light speed. Juniper would start chipping away at Cisco's slice of the market. In the bull market of , the heady days of white-hot IPOs, the industry had great expectations for the B-to-B Juniper. New-economy publications called the "buzzworthy" start-up a company to watch.
During this "fast company" year, while the M40 tackled Cisco's market share, Juniper's customer base broadened to more than 50 worldwide. Although the company only had one major product, Juniper was a darling of the telecom-equipment industry since it began. Juniper widened global support though worldwide distributors, including Alcatel of France and Ericsson.
It teamed up with Ericsson for a series of strategic agreements to develop and distribute Juniper's IP network technology. Meanwhile, Juniper established its European headquarters with an office in the UK. Two months later, the company opened a subsidiary, Juniper Networks K. The Tokyo office also supported the sales efforts of Juniper's Japanese distribution partners.
In November, Juniper continued its lightning-speed expansion in Asia with the opening of its new regional headquarters in Hong Kong.
On June 25, , in the heat of the "dot-com summer," Juniper went public. The company had one of the most successful initial public offerings in history. Founded in , Layer Five was a group of advanced developers of network hardware architectures and related software. Its employees became part of Juniper's engineering organization.
Separately, Juniper Networks took a minority investment in New Access Communications of San Jose, California, whose optical distribution technology targeted network service providers. Pradeep Sindhu joined the New Access Communications board of directors. Juniper announced a three-for-one stock split on November 16, , entitling each stockholder at the close of business on December 31, to receive two additional shares for every outstanding share of common stock held on the record date.
At the end of the year, Juniper launched and began shipping the M20 router, a new class of router for the network's edge. An edge router is a device that moves formatted information between one or more local area networks [LANs] and a backbone network, using switching technology called ATM or, asynchronous transfer mode. The router delivered core-like performance for regional networks and large ISPs faced with the challenge of expanding their networks at the same rate of growth as the Internet core.
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