Juniper Completes Unisphere Deal

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Juniper Networks Inc. completed its acquisition of Siemens AG's Unisphere
Networks subsidiary, which gives the Sunnyvale, Calif.-based company greater
ability to offer Internet-protocol products and services worldwide.

The deal is valued at $585 million, with Juniper putting up $375 million in
cash and 36.5 million shares. Juniper said the deal is expected to be slightly
dilutive in the second half of 2002 and accretive in early 2003, excluding
one-time structuring charges.

Juniper and Siemens also entered into a reseller agreement, enabling Siemens
to resell Juniper products, as well as providing customer service and
support.

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