Case 5:06-cv-04327-JW Document 83 Filed 06/07/2007 Page 1 of 3

1 NINA F. LOCKER, State Bar No. 123838 Email: [email protected] 2 STEVEN GUGGENHEIM, State Bar No. 201386 Email: [email protected] 3 JONI OSTLER, State Bar No. 230009 Email: [email protected] 4 WILSON SONSINI GOODRICH & ROSATI Professional Corporation 5 650 Page Mill Road Palo Alto, CA 94304-1050 6 Telephone: (650) 493-9300 Facsimile: (650) 565-5100 7

8 Attorneys for Defendants Juniper Networks, Inc., Scott Kriens, Pradeep Sindhu, Marcel Gani, Robert 9 M. Calderoni, Kenneth Goldman, William R. Hearst III, Stratton Sclavos, Vinod Khosla, 10 Kenneth Levy and William R. Stensrud

11 UNITED STATES DISTRICT COURT

12 NORTHERN DISTRICT OF CALIFORNIA

13 SAN JOSE DIVISION

14 In re JUNIPER NETWORKS, INC. ) No. C06-04327-JW SECURITIES LITIGATION ) 15 DECLARATION OF JONI OSTLER IN SUPPORT OF DEFENDANTS' MOTION 16 This Document Relates To: ) TO DISMISS AMENDED CONSOLIDATED CLASS ACTION 17 ALL ACTIONS. ) COMPLAINT

18 Date: September 10, 2007 Time: 9 :00 a.m. 19 Courtroom: 8 1 Before: Hon. James Ware 20

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OSTLER DECL. ISO DEFENDANTS' MOTION TO Dismiss Case 5:06-cv-04327-JW Document 83 Filed 06/07/2007 Page 2 of 3

1 I, Joni Ostler, declare as follows:

2 1. I am an attorney associated with the law firm of Wilson Sonsini Goodrich &

3 Rosati, a Professional Corporation, counsel of record for Defendants Juniper Networks, Inc.

4 ("Juniper ), Scott G. Kriens, Pradeep Sindhu, Marcel Gani, Robert M. Calderoni, Kenneth

5 Goldman, William R. Hearst III, Stratton Sclavos, Vinod Khosla, Kenneth Levy, and William R.

6 Stensrud. I make this declaration in support of Defendants' Motion to Dismiss Amended

7 Consolidated Class Action Complaint. I have personal knowledge of the facts set forth below, and

8 if called as a witness, could and would testify competently thereto.

9 2. Attached hereto as Exhibit 1 is a true and correct table of Juniper's daily closing

10 stock prices for the period July 12, 2001 to April 13, 2007, obtained from Thomson West on June

11 7, 2007.

12 3. Attached hereto as Exhibit 2 is a true and correct copy of the press release "Juniper

13 Networks Responds to Option-Related Inquiry issued by Juniper on May 22, 2006.

14 4. Attached hereto as Exhibit 3 is a true and correct copy of excerpts from the Form

15 10-K, Annual Report for 2006, filed with the Securities and Exchange Commission ("SEC ) on

16 March 9, 2007.

17 5. Attached hereto as Exhibit 4 is a true and correct copy of Juniper's Form 8-K,

18 Current Report, filed with the SEC on July 19, 2006.

19 6. Attached hereto as Exhibit 5 is a true and correct copy of Juniper's Form 8-K,

20 Current Report, filed with the SEC on August 10, 2006.

21 7. Attached hereto as Exhibit 6 is a true and correct copy of the press release "Juniper

22 Networks, Inc. Announces Completion of Independent Investigation of Historical Stock Option

23 Practices issued by Juniper on December 20, 2006.

24 8. Attached hereto as Exhibit 7 are true and correct copies of Forms 4 for Scott

25 Kriens, dated April 19, 2004 and May 3, 2005.

26 9. Attached hereto as Exhibit 8 is a true and correct copy of excerpts from Juniper's

27 Schedule 14A, Proxy Statement for 2006, filed with the SEC on April 10, 2006.

28

OSTLER DECL. ISO DEFENDANTS' MOTION TO Dismiss Case 5:06-cv-04327-JW Document 83 Filed 06/07/2007 Page 3 of 3

1 10. Attached hereto as Exhibit 9 are true and correct copies of Forms 4 for Pradeep

2 Sindhu, dated August 9, 2002, September 29, 2003 and May 3, 2005.

3 11. Attached hereto as Exhibit 10 are true and correct copies of Forms 4 for Marcel

4 Gani, dated February 14, 2001, August 9, 2002, September 29, 2003 and April 19, 2004.

5 12. Attached hereto as Exhibit 11 is a true and correct copy of excerpts from Juniper's

6 Schedule 14A, Proxy Statement for 2004, filed with the SEC on April 12, 2004.

7 13. Attached hereto as Exhibit 12 is a true and correct copy of a graph showing

8 Juniper's daily closing stock price for the period July 9, 2001 through August 14, 2006, obtained

9 from Yahoo! Finance on June 6, 2007.

10 14. Attached hereto as Exhibit 13 is a true and correct copy of excerpts from Juniper's

11 Form 10-K, Annual Report for 2004, filed with the SEC on March 4, 2005.

12 15. Attached hereto as Exhibit 14 is a true and correct copy of excerpts from Juniper's

13 Form 10-Q, Quarterly Report, for the quarter ended March 31, 2006, filed with the SEC on May 9,

14 2006.

15 16. Attached hereto as Exhibit 15 is a true and correct copy of a graph showing

16 Juniper's daily closing stock price for the period June 1, 2005 to June 1, 2007, obtained from

17 Yahoo! Finance on June 6, 2007. The graph has been marked to indicate a downward trend in

18 stock price since 2005, and to indicate the time period from May 16, 2006 to August 11, 2006.

19 17. Attached hereto as Exhibit 16 is a true and correct copy of excerpts from Juniper's

20 Schedule 14A, Proxy Statement for 2000, filed with the SEC on April 13, 2000.

21 18. Attached hereto as Exhibit 17 is a true and correct copy of excerpts from Juniper's

22 Schedule 14A, Proxy Statement for 2001, filed with the SEC on March 28, 2001.

23 19. Attached hereto as Exhibit 18 is a true and correct copy of the opinion in In re

24 Wireless Facilities, Inc. Sec. Litig., No. 04cv1589, slip op. (S.D. Cal. Mar. 9, 2006).

25 I declare under penalty of perjury that the foregoing is true and correct.

26 Executed this 7th day of June 2007 in Palo Alto, California.

27

28 /s/ Joni Ostler Joni Ostler

OSTLER DECL. ISO DEFENDANTS' MOTION TO -2- Dismiss Case 5:06-cv-04327-JW Document 83-2 Filed 06/07/2007 Page 1 of 32

EXHIBIT 1 Stock Q3abcv-04327-JW Document 83-2 Filed 06/07/2007 Page 2PCC82 of 31

Quotes : Stock quote search i i New Search I Tips

Historical Stock Quote EST

Information provided by Thomson Financial at 12:16 PM (Central) on June 7, 2007. All quotes reflect close of day price.

Company : JUNIPER NETWORKS (JNPR) Data Display Format: Daily Date (s): 7/12/2001 - 4/14/2007 Monetary unit for prices displayed : United States Dollar Stock Date Open High Low Adjusted Close Volume JNPR 7/12/2001 26.46 29.00 25.65 28.47 29,124,300 JNPR 7/13/2001 29.01 29.99 26.75 27.44 30,837,600 JNPR 7/16/2001 26.96 27.44 25.10 25.18 14,391,300 JNPR 7/17/2001 24.89 26.48 24.52 25.98 15,173,200 JNPR 7/18/2001 25.15 25.50 23.30 23.97 12,544,300 JNPR 7/19/2001 25.09 26.38 24.12 24.49 12,350,900 JNPR 7/20/2001 24,09 25.60 24.00 24.82 8,765,300 JNPR 7/23/2001 25.72 26.36 24.52 24.60 9,096,300 JNPR 7/24/2001 24.60 25.51 24.20 24.96 9,837,400 JNPR 7/25/2001 25.06 25.25 22.75 23.25 14,876,200 JNPR 7/26/2001 23.62 25.26 23.30 24.99 12,461,100 JNPR 7/27/2001 25.02 26.59 24.85 25.81 12,198,600 JNPR 7/30/2001 26.09 26.45 25.06 25.22 6,238,800 JNPR 7/31/2001 25.40 26.80 24.80 25.69 12,436,700 JNPR 8/1/2001 26.64 27.90 26.16 27.50 14,243,900 JNPR 8/2/2001 28.20 28.79 27.03 27.93 11,781,800 JNPR 8/3/2001 27.18 28.08 27.08 27.70 8,264,300 JNPR 8/6/2001 27.05 27.10 26.02 26.63 5,927,900 JNPR 8/7/2001 26.42 26.75 25.75 25.90 7,412,900 JNPR 8/8/2001 25.33 25.33 23.21 23.47 14,342,300 JNPR 8/9/2001 23.63 23.94 23.25 23.59 8,212,500 JNPR 8/10/2001 23.59 23.69 21.70 22.75 10,609,400 JNPR 8/13/2001 23.01 23.17 22.30 22.85 5,532,300 JNPR 8/14/2001 23.25 23.99 23.00 23.49 7,961,700 JNPR 8/15/2001 23.37 23.74 21.95 22.07 7,184,100 JNPR 8/16/2001 20.65 20.99 19.37 20.02 13,821,900 JNPR 8/17/2001 19.43 20.19 18.14 18.51 14,137,000 JNPR 8/20/2001 18.32 18.42 17.29 17.90 12,701,500 JNPR 8/21/2001 17.94 18.25 17.00 17.15 9,566,800 JNPR 8/22/2001 17.46 17.59 15.74 16.32 14,933,600 JNPR 8/23/2001 16.43 16.95 16.00 16.20 17,279,700 JNPR 8/24/2001 17.10 17.48 16.71 17.28 16,236,900 JNPR 8/27/2001 17.18 17.67 16.90 17.17 9,496,500 JNPR 8/28/2001 17.11 17.27 16.62 16.70 12,168,500 JNPR 8/29/2001 16.40 16.43 15.28 15.54 15,673,000 JNPR 8/30/2001 15.01 15.12 13.95 14.43 19,201,900

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JNPR 8/31/2001 14.17 14.51 13.66 14.00 11,026,600 JNPR 9/3/2001 0.00 0.00 0.00 14.00 JNPR 9/4/2001 13.66 14.25 13.24 13.49 11,974,400 JNPR 9/5/2001 13.31 13.31 11.91 12.71 17,324,100 JNPR 9/6/2001 12.35 13.30 12.23 12.70 14,741,600 JNPR 9/7/2001 12.56 13.44 12.37 12.79 13,230,300 JNPR 9/10/2001 12.67 12.70 12.10 12.50 10,006,000 JNPR 9/11/2001 0.00 0.00 0.00 12.50 JNPR 9/12/2001 0.00 0.00 0.00 12.50 JNPR 9/13/2001 0.00 0.00 0.00 12.50 JNPR 9/14/2001 0.00 0.00 0.00 12.50 JNPR 9/17/2001 11.35 12.23 11.00 11.52 9,080,700 JNPR 9/18/2001 11.70 11.85 9.93 9.95 17,536,500 JNPR 9/19/2001 10.09 11.15 9.85 10.75 19,937,200 JNPR 9/20/2001 10.32 11.55 10.27 10.95 15,543,800 JNPR 9/21/2001 10.55 11.25 10.30 11.10 15,954,400 JNPR 9/24/2001 11.85 12.33 11.30 12.29 11,685,300 JNPR 9/25/2001 12.16 12.81 10.80 10.93 15,486,500 JNPR 9/26/2001 11.14 11.48 10.05 10.23 10,663,900 JNPR 9/27/2001 10.00 10.00 8.90 9.83 11,783,700 JNPR 9/28/2001 10.05 10.50 9.13 9.70 12,713,200 JNPR 10/1/2001 9.65 9.97 9.20 9.29 8,624,100 JNPR 10/2/2001 9.46 9.90 9.37 9.53 6,470,400 JNPR 10/3/2001 9.45 12.70 9.20 12.00 35,971,400 JNPR 10/4/2001 13.63 15.10 12.99 13.27 40,950,500 JNPR 10/5/2001 12.95 15.13 12.83 15.08 32,330,700 JNPR 10/8/2001 14.80 16.23 14.70 15.24 22,298,000 JNPR 10/9/2001 15.54 16.00 14.48 14.85 17,249,600 JNPR 10/10/2001 15.01 15.79 14.51 15.00 17,365,700 JNPR 10/11/2001 15.86 16.89 15.74 16.64 32,972,800 JNPR 10/12/2001 19.82 21.56 19.50 21.06 69,294,200 JNPR 10/15/2001 20.52 20.96 19.88 20.52 22,595,600 JNPR 10/16/2001 20.66 23.05 20.30 22.95 32,909,800 JNPR 10/17/2001 24.08 24.15 21.10 21.13 47,465,100 JNPR 10/18/2001 20.91 23.05 20.31 23.00 36,164,100 JNPR 10/19/2001 22.49 23.98 21.95 23.66 25,244,800 JNPR 10/22/2001 23.20 24.10 22.01 23.25 23,376,700 JNPR 10/23/2001 23.85 25.00 23.50 23.89 29,730,100 JNPR 10/24/2001 24.14 27.32 23.81 27.01 35,843,700 JNPR 10/25/2001 25.17 26.60 24.43 26.38 43,343,800 JNPR 10/26/2001 25.70 26.80 24.80 25.00 20,805,800 JNPR 10/29/2001 24.77 25.95 23.91 24.00 22,704,300 JNPR 10/30/2001 22.26 23.98 22.00 22.99 40,058,800 JNPR 10/31/2001 23.80 24.60 22.00 22.19 31,882,400 JNPR 11/1/2001 22.68 22.68 21.00 21.92 35,777,900 JNPR 11/2/2001 20.92 21.00 19.18 19.48 43,460,200 JNPR 11/5/2001 20.56 23.03 20.45 22.58 37,048,600 JNPR 11/6/2001 21.63 23.01 21.10 22.43 35,633,700 JNPR 11/7/2001 21.90 24.20 21.76 23.02 32,044,900 JNPR 11/8/2001 24.00 24.79 22.10 22.43 32,604,200

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JNPR 11/9/2001 22.39 23.55 22.31 23.44 21,405,900 JNPR 11/12/2001 23.98 24.71 23.00 23.99 24,934,700 JNPR 11/13/2001 25.30 25.42 22.86 23.88 33,023,800 JNPR 11/14/2001 24.46 25.34 23.44 25.26 29,135,700 JNPR 11/15/2001 24.75 26.03 24.65 25.12 26,343,500 JNPR 11/16/2001 24.90 25.75 24.47 25.60 17,745,900 JNPR 11/19/2001 25.89 26.65 25.30 26.57 17,917,800 JNPR 11/20/2001 26.16 27.11 24.92 25.02 23,432,000 JNPR 11/21/2001 24.97 25.59 24.47 25.24 12,930,300 JNPR 11/22/2001 0.00 0.00 0.00 25.24 JNPR 11/23/2001 25.30 25.90 25.09 25.85 5,076,500 JNPR 11/26/2001 25.91 26.55 25.41 26.39 14,569,300 JNPR 11/27/2001 26.35 27.70 25.70 26.30 23,907,100 JNPR 11/28/2001 26.39 26.78 24.05 24.17 28,807,600 JNPR 11/29/2001 24.61 24.80 23.20 24.74 23,855,300 JNPR 11/30/2001 24.73 25.19 23.90 24.58 15,566,300 JNPR 12/3/2001 24.05 24.12 23.20 23.22 14,859,900 JNPR 12/4/2001 23.52 25.33 22.95 25.24 22,079,000 JNPR 12/5/2001 25.64 26.82 25.55 25.65 23,445,700 JNPR 12/6/2001 25.76 27.84 25.67 26.91 24,717,700 JNPR 12/7/2001 26.59 26.82 25.40 25.57 19,387,700 JNPR 12/10/2001 25.10 25.35 24.20 24.33 16,927,200 JNPR 12/11/2001 25.09 25.50 24.40 24.52 17,137,400 JNPR 12/12/2001 25.07 25.10 23.51 23.93 17,476,700 JNPR 12/13/2001 21.28 22.22 21.00 21.18 33,153,400 JNPR 12/14/2001 21.49 21.65 19.66 20.25 30,823,500 JNPR 12/17/2001 20.55 21.68 20.35 21.09 19,746,900 JNPR 12/18/2001 22.08 23.49 21.83 23.26 23,281,100 JNPR 12/19/2001 22.40 23.50 22.20 22.93 23,953,000 JNPR 12/20/2001 18.57 19.83 18.34 18.85 51,939,200 JNPR 12/21/2001 19.23 20.11 18.91 20.01 18,650,300 JNPR 12/24/2001 19.97 20.00 19.59 19.73 5,408,600 JNPR 12/25/2001 0.00 0.00 0.00 19.73 JNPR 12/26/2001 19.58 19.99 19.10 19.22 8,927,700 JNPR 12/27/2001 19.19 19.54 19.02 19.35 8,112,000 JNPR 12/28/2001 19.48 19.74 19.19 19.37 7,512,800 JNPR 12/31/2001 19.42 19.69 18.75 18.95 8,317,000 JNPR 1/1/2002 0.00 0.00 0.00 18.95 JNPR 1/2/2002 19.19 20.87 18.90 20.79 14,186,500 JNPR 1/3/2002 21.39 22.12 21.10 21.99 18,288,400 JNPR 1/4/2002 22.70 22.98 21.05 21.53 17,657,200 JNPR 1/7/2002 22.00 22.61 21.47 21.64 17,311,400 JNPR 1/8/2002 21.75 21.87 20.79 21.40 16,490,700 JNPR 1/9/2002 21.79 23.01 20.96 21.12 21,490,300 JNPR 1/10/2002 21.32 21.45 20.13 20.38 18,640,600 JNPR 1/11/2002 20.39 20.65 19.16 19.26 17,817,100 JNPR 1/14/2002 19.11 19.18 17.77 18.10 22,281,500 JNPR 1/15/2002 18.19 18.20 17.54 17.96 21,435,000 JNPR 1/16/2002 18.16 18.20 16.90 16.96 23,303,100 JNPR 1/17/2002 17.60 17.69 17.04 17.52 12,972,000

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JNPR 1/18/2002 17.10 17.17 16.75 17.00 10,425,500 JNPR 1/21/2002 0.00 0.00 0.00 17.00 JNPR 1/22/2002 17.37 17.42 16.02 16.07 10,228,800 JNPR 1/23/2002 16.29 17.09 15.86 16.91 11,346,000 JNPR 1/24/2002 17.23 17.75 16.90 16.99 9,106,300 JNPR 1/25/2002 16.68 17.03 16.50 16.90 7,172,100 JNPR 1/28/2002 17.19 17.36 16.64 16.92 8,298,500 JNPR 1/29/2002 17.02 17.20 16.10 16.52 9,487,700 JNPR 1/30/2002 16.70 16.75 15.92 16.49 11,987,100 JNPR 1/31/2002 16.55 16.55 15.25 15.32 20,327,800 JNPR 2/1/2002 15.17 15.76 14.69 14.96 16,269,700 JNPR 2/4/2002 14.78 14.80 13.71 13.94 12,886,700 JNPR 2/5/2002 13.15 14.24 12.78 13.51 20,485,300 JNPR 2/6/2002 14.01 14.08 13.45 13.82 16,297,200 JNPR 2/7/2002 13.50 13.74 12.86 13.41 13,091,000 JNPR 2/8/2002 13.61 14.03 13.01 13.89 13,046,200 JNPR 2/11/2002 14.00 15.22 13.98 14.88 15,010,500 JNPR 2/12/2002 14.43 14.50 13.73 13.75 15,094,500 JNPR 2/13/2002 14.13 14.15 12.99 13.01 17,922,600 JNPR 2/14/2002 12.76 12.77 10.79 10.92 48,895,200 JNPR 2/15/2002 11.01 11.21 10.14 10.27 27,464,400 JNPR 2/18/2002 0.00 0.00 0.00 10.27 JNPR 2/19/2002 10.45 10.75 9.88 10.15 27,175,400 JNPR 2/20/2002 10.46 10.57 9.38 10.11 27,102,800 JNPR 2/21/2002 9.79 10.00 9.48 9.64 21,691,200 JNPR 2/22/2002 9.68 9.89 9.00 9.46 23,292,300 JNPR 2/25/2002 9.76 10.05 9.50 9.90 15,894,800 JNPR 2/26/2002 10.33 10.49 9.92 10.19 17,375,000 JNPR 2/27/2002 10.37 10.49 9.43 9.51 21,833,400 JNPR 2/28/2002 9.53 9.71 9.14 9.32 20,326,100 JNPR 3/1/2002 9.53 10.00 9.44 9.83 22,028,200 JNPR 3/4/2002 10.08 11.78 10.00 11.73 34,669,800 JNPR 3/5/2002 11.56 12.58 11.31 12.08 32,366,700 JNPR 3/6/2002 11.86 12.50 11.35 12.29 28,275,600 JNPR 3/7/2002 12.95 12.99 12.25 12.57 26,381,500 JNPR 3/8/2002 12.95 13.84 12.91 13.31 29,246,600 JNPR 3/11/2002 12.93 15.00 12.85 14.71 38,726,800 JNPR 3/12/2002 13.46 14.05 13.38 13.57 33,254,700 JNPR 3/13/2002 13.13 13.54 12.91 12.96 19,189,900 JNPR 3/14/2002 12.14 12.55 11.44 11.50 30,555,100 JNPR 3/15/2002 11.02 11.56 10.72 11.42 23,165,300 JNPR 3/18/2002 11.90 12.03 11.23 11.34 16,963,200 JNPR 3/19/2002 10.96 11.74 10.75 11.31 17,481,600 JNPR 3/20/2002 11.09 11.85 11.06 11.30 17,778,500 JNPR 3/21/2002 11.52 12.08 11.17 11.84 19,604,200 JNPR 3/22/2002 11.86 12.90 11.69 12.20 24,778,400 JNPR 3/25/2002 12.66 12.79 11.50 11.56 21,436,200 JNPR 3/26/2002 11.50 12.00 11.35 11.57 13,797,300 JNPR 3/27/2002 11.45 12.08 11.44 11.92 17,338,700 JNPR 3/28/2002 11.60 12.79 11.50 12.62 39,407,700

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JNPR 3/29/2002 0.00 0.00 0.00 12.62 JNPR 4/1/2002 12.89 13.43 12.77 13.23 21,500,400 JNPR 4/2/2002 12.95 13.12 12.25 12.39 20,250,700 JNPR 4/3/2002 12.48 12.57 11.74 11.89 13,381,000 JNPR 4/4/2002 11.83 12.37 11.62 12.31 11,242,500 JNPR 4/5/2002 12.40 12.44 11.25 11.42 16,076,000 JNPR 4/8/2002 11.04 12.25 10.94 11.85 16,635,100 JNPR 4/9/2002 11.99 12.23 11.00 11.03 19,716,200 JNPR 4/10/2002 11.12 11.56 10.46 10.88 19,486,100 JNPR 4/11/2002 10.54 10.61 10.25 10.34 14,083,000 JNPR 4/12/2002 10.84 11.20 10.47 10.90 17,940,100 JNPR 4/15/2002 11.06 11.17 10.77 11.02 8,151,400 JNPR 4/16/2002 11.57 11.83 11.50 11.80 9,553,900 JNPR 4/17/2002 12.10 12.52 11.60 12.40 18,522,700 JNPR 4/18/2002 12.30 12.81 12.00 12.22 14,273,900 JNPR 4/19/2002 12.51 12.55 11.80 12.04 10,969,400 JNPR 4/22/2002 11.32 11.33 10.76 11.17 19,663,700 JNPR 4/23/2002 11.25 11.36 10.52 10.55 18,186,000 JNPR 4/24/2002 10.83 10.95 10.34 10.55 10,613,100 JNPR 4/25/2002 10.49 10.55 10.03 10.49 13,948,700 JNPR 4/26/2002 10.67 10.83 10.02 10.03 8,752,800 JNPR 4/29/2002 10.13 10.19 9.55 9.74 12,407,000 JNPR 4/30/2002 9.66 10.48 9.58 10.11 10,837,400 JNPR 5/1/2002 10.03 10.17 9.48 9.79 16,141,200 JNPR 5/2/2002 9.74 10.13 9.35 9.37 14,193,400 JNPR 5/3/2002 9.47 9.50 8.91 9.05 14,080,800 JNPR 5/6/2002 9.06 9.15 8.50 8.51 12,913,300 JNPR 5/7/2002 8.72 8.77 7.84 8.43 19,240,700 JNPR 5/8/2002 9.52 9.65 9.03 9.62 21,449,100 JNPR 5/9/2002 9.34 9.41 8.99 9.03 12,442,200 JNPR 5/10/2002 9.13 9.22 8.61 8.90 13,305,000 JNPR 5/13/2002 9.04 9.31 8.82 9.29 8,086,600 JNPR 5/14/2002 10.00 10.25 9.57 9.91 15,138,500 JNPR 5/15/2002 9.70 10.25 9.49 9.66 13,890,200 JNPR 5/16/2002 9.64 10.15 9.55 10.01 10,019,100 JNPR 5/17/2002 10.30 10.43 9.75 9.85 11,970,700 JNPR 5/20/2002 9.63 9.64 9.30 9.54 10,289,100 JNPR 5/21/2002 9.78 10.03 9.72 9.74 20,555,400 JNPR 5/22/2002 9.85 10.23 9.78 10.14 16,684,100 JNPR 5/23/2002 10.13 10.36 9.80 10.22 13,727,600 JNPR 5/24/2002 10.09 10.30 9.97 10.08 7,129,600 JNPR 5/27/2002 0.00 0.00 0.00 10.08 JNPR 5/28/2002 10.17 10.39 10.09 10.31 7,152,300 JNPR 5/29/2002 10.11 10.20 9.85 9.87 9,135,100 JNPR 5/30/2002 9.76 10.05 9.43 9.54 13,187,700 JNPR 5/31/2002 9.70 9.73 9.17 9.27 8,811,200 JNPR 6/3/2002 9.32 9.32 8.56 8.66 11,136,200 JNPR 6/4/2002 8.75 8.88 8.40 8.67 10,717,800 JNPR 6/5/2002 8.84 8.85 8.46 8.78 7,555,000 JNPR 6/6/2002 8.55 8.63 8.21 8.41 9,697,500

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JNPR 6/7/2002 7.97 8.32 7.88 8.08 11,060,500 JNPR 6/10/2002 8.06 8.15 7.75 7.87 8,614,100 JNPR 6/11/2002 7.99 8.01 7.25 7.29 8,919,700 JNPR 6/12/2002 6.68 7.43 6.47 7.21 24,822,700 JNPR 6/13/2002 7.20 7.69 6.89 7.21 10,587,000 JNPR 6/14/2002 6.77 7.37 6.72 7.15 11,970,500 JNPR 6/17/2002 7.29 8.00 7.20 7.66 11,161,200 JNPR 6/18/2002 7.62 7.91 7.51 7.53 7,945,700 JNPR 6/19/2002 7.30 7.40 7.05 7.06 6,389,500 JNPR 6/20/2002 7.05 7.30 6.31 6.52 10,801,200 JNPR 6/21/2002 6.51 6.85 6.30 6.49 8,319,800 JNPR 6/24/2002 6.35 6.93 6.27 6.81 10,602,300 JNPR 6/25/2002 6.92 6.96 6.16 6.29 8,247,800 JNPR 6/26/2002 5.21 5.71 4.70 5.13 28,566,800 JNPR 6/27/2002 5.36 5.51 4.95 5.45 17,575,700 JNPR 6/28/2002 5.37 6.14 5.36 5.65 13,209,800 JNPR 7/1/2002 5.77 5.85 5.56 5.69 7,437,600 JNPR 7/2/2002 5.74 6.38 5.73 6.30 17,110,800 JNPR 7/3/2002 6.17 6.75 5.92 6.70 9,888,200 JNPR 7/4/2002 0.00 0.00 0.00 6.70 JNPR 7/5/2002 7.00 7.36 6.85 7.16 5,333,800 JNPR 7/8/2002 7.09 7.45 7.00 7.25 6,509,400 JNPR 7/9/2002 7.38 7.40 7.00 7.09 10,399,500 JNPR 7/10/2002 7.26 7.27 6.71 7.11 12,386,000 JNPR 7/11/2002 7.00 7.30 7.00 7.22 13,694,100 JNPR 7/12/2002 8.01 8.14 7.48 7.70 32,740,700 JNPR 7/15/2002 7.65 8.06 7.46 8.06 10,623,500 JNPR 7/16/2002 7.94 8.90 7.87 8.31 17,748,100 JNPR 7/17/2002 8.99 9.25 8.67 9.21 19,470,200 JNPR 7/18/2002 9.08 9.19 8.76 8.93 9,903,300 JNPR 7/19/2002 8.67 8.91 8.36 8.90 9,888,500 JNPR 7/22/2002 8.65 9.03 8.05 8.13 12,085,400 JNPR 7/23/2002 8.11 8.24 7.30 7.48 10,783,000 JNPR 7/24/2002 7.14 7.97 6.96 7.91 15,574,700 JNPR 7/25/2002 7.75 7.77 7.11 7.25 9,304,000 JNPR 7/26/2002 7.40 7.43 6.90 6.96 7,419,300 JNPR 7/29/2002 7.22 7.77 7.13 7.70 5,047,400 JNPR 7/30/2002 7.59 8.50 7.41 8.48 8,613,700 JNPR 7/31/2002 8.23 8.55 7.64 8.00 10,481,300 JNPR 8/1/2002 7.84 8.00 7.27 7.30 9,630,900 JNPR 8/2/2002 7.23 7.32 7.00 7.23 5,452,500 JNPR 8/5/2002 7.17 7.23 6.63 6.75 5,105,800 JNPR 8/6/2002 6.96 7.75 6.96 7.48 11,679,600 JNPR 8/7/2002 8.00 8.11 7.10 7.31 13,568,700 JNPR 8/8/2002 7.32 7.70 7.13 7.62 8,213,800 JNPR 8/9/2002 7.34 7.70 7.27 7.47 5,652,800 JNPR 8/12/2002 7.26 7.46 7.15 7.37 4,328,800 JNPR 8/13/2002 7.31 7.87 7.17 7.21 6,413,800 JNPR 8/14/2002 7.35 7.80 7.19 7.79 5,494,300 JNPR 8/15/2002 7.97 8.10 7.64 7.71 5,554,700

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JNPR 8/16/2002 7.61 8.35 7.59 8.21 7,716,200 JNPR 8/19/2002 8.22 8.75 8.16 8.62 8,199,500 JNPR 8/20/2002 8.45 8.78 8.26 8.45 7,083,800 JNPR 8/21/2002 8.60 8.72 8.27 8.41 7,363,200 JNPR 8/22/2002 8.33 8.53 8.25 8.47 5,383,400 JNPR 8/23/2002 8.22 8.35 7.68 7.77 7,254,200 JNPR 8/26/2002 7.78 8.05 7.65 7.98 4,647,900 JNPR 8/27/2002 8.10 8.15 7.43 7.45 6,745,300 JNPR 8/28/2002 7.31 7.36 6.98 7.00 8,826,800 JNPR 8/29/2002 6.91 7.49 6.87 7.40 8,837,800 JNPR 8/30/2002 7.26 7.44 7.07 7.27 5,087,400 JNPR 9/2/2002 0.00 0.00 0.00 7.27 JNPR 9/3/2002 7.12 7.13 6.91 6.93 6,684,200 JNPR 9/4/2002 6.98 7.21 6.74 7.01 7,132,200 JNPR 9/5/2002 6.83 7.07 6.71 7.01 7,767,500 JNPR 9/6/2002 7.27 7.32 6.86 6.91 5,972,000 JNPR 9/9/2002 6.81 7.28 6.74 7.13 4,739,200 JNPR 9/10/2002 7.24 7.32 7.00 7.15 4,954,900 JNPR 9/11/2002 7.16 7.48 7.16 7.27 4,736,100 JNPR 9/12/2002 7.19 7.23 6.92 6.99 4,036,900 JNPR 9/13/2002 6.76 6.90 6.47 6.62 8,540,000 JNPR 9/16/2002 6.61 6.73 6.39 6.56 4,744,700 JNPR 9/17/2002 6.74 6.86 6.00 6.05 7,282,200 JNPR 9/18/2002 5.79 5.97 5.50 5.72 9,540,800 JNPR 9/19/2002 5.44 5.69 5.15 5.59 7,042,300 JNPR 9/20/2002 5.67 5.80 5.40 5.74 6,346,800 JNPR 9/23/2002 5.59 5.69 5.30 5.40 5,028,300 JNPR 9/24/2002 5.16 5.28 5.04 5.04 7,917,000 JNPR 9/25/2002 5.22 5.35 4.94 5.11 9,635,100 JNPR 9/26/2002 5.16 5.21 4.28 4.58 16,147,000 JNPR 9/27/2002 4.46 4.71 4.42 4.69 15,759,200 JNPR 9/30/2002 4.60 5.09 4.51 4.80 7,453,000 JNPR 10/1/2002 4.89 5.50 4.70 5.28 11,316,400 JNPR 10/2/2002 5.21 5.48 4.91 5.07 10,933,400 JNPR 10/3/2002 5.00 5.03 4.61 4.72 8,753,300 JNPR 10/4/2002 4.94 4.98 4.66 4.81 8,712,800 JNPR 10/7/2002 4.71 4.89 4.37 4.43 7,589,300 JNPR 10/8/2002 4.54 4.76 4.15 4.50 8,450,600 JNPR 10/9/2002 4.36 4.75 4.25 4.60 10,111,400 JNPR 10/10/2002 4.67 5.29 4.66 5.18 16,264,800 JNPR 10/11/2002 4.93 5.25 4.58 4.66 22,086,500 JNPR 10/14/2002 4.42 4.90 4.36 4.72 5,536,400 JNPR 10/15/2002 5.06 5.24 4.85 5.18 7,633,300 JNPR 10/16/2002 4.94 5.01 4.54 4.54 5,684,800 JNPR 10/17/2002 5.02 5.05 4.68 4.72 4,420,900 JNPR 10/18/2002 4.76 5.02 4.61 4.98 5,942,700 JNPR 10/21/2002 4.84 5.09 4.64 5.02 8,648,000 JNPR 10/22/2002 4.87 5.42 4.77 5.10 10,531,000 JNPR 10/23/2002 5.09 5.47 5.02 5.34 9,312,500 JNPR 10/24/2002 5.45 6.06 5.27 5.74 17,469,600

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JNPR 10/25/2002 5.64 6.02 5.48 5.54 13,159,900 JNPR 10/28/2002 5.78 5.85 5.26 5.39 11,324,200 JNPR 10/29/2002 5.25 5.25 4.90 5.00 8,842,900 JNPR 10/30/2002 5.12 5.43 4.97 5.30 11,466,700 JNPR 10/31/2002 5.38 5.86 5.25 5.83 12,859,300 JNPR 11/1/2002 5.65 7.22 5.60 6.92 29,415,300 JNPR 11/4/2002 7.50 7.99 6.89 7.00 43,294,000 JNPR 11/5/2002 6.68 7.33 6.62 7.31 19,137,800 JNPR 11/6/2002 7.65 7.90 7.30 7.69 20,681,800 JNPR 11/7/2002 7.26 7.43 7.05 7.18 12,614,400 ]NPR 11/8/2002 7.12 7.20 6.50 6.61 12,862,200 JNPR 11/11/2002 6.43 6.43 5.92 5.94 15,667,700 JNPR 11/12/2002 6.06 6.59 6.04 6.39 11,442,900 JNPR 11/13/2002 6.21 6.86 6.20 6.54 16,394,800 JNPR 11/14/2002 6.83 7.03 6.80 6.98 12,941,900 JNPR 11/15/2002 6.75 7.15 6.68 7.09 9,563,500 JNPR 11/18/2002 7.35 7.48 7.10 7.33 9,705,000 JNPR 11/19/2002 7.22 7.25 6.75 6.88 9,103,400 JNPR 11/20/2002 6.82 7.36 6.80 7.28 7,826,900 JNPR 11/21/2002 7.55 8.98 7.53 8.70 33,530,000 JNPR 11/22/2002 8.32 9.01 8.31 8.73 21,892,400 JNPR 11/25/2002 8.95 10.05 8.92 9.60 23,994,200 JNPR 11/26/2002 9.30 9.72 8.81 8.94 16,326,700 JNPR 11/27/2002 9.25 9.73 9.05 9.65 15,882,200 JNPR 11/28/2002 0.00 0.00 0.00 9.65 JNPR 11/29/2002 9.88 10.00 9.66 9.74 5,706,900 JNPR 12/2/2002 10.12 10.75 9.68 9.85 18,904,000 JNPR 12/3/2002 9.84 9.85 8.85 8.92 15,810,700 JNPR 12/4/2002 8.22 8.65 8.04 8.46 17,910,200 JNPR 12/5/2002 8.88 8.93 8.24 8.58 13,107,900 JNPR 12/6/2002 8.22 8.50 8.11 8.39 10,449,800 JNPR 12/9/2002 8.18 8.22 7.67 7.67 10,789,400 JNPR 12/10/2002 7.73 8.10 7.52 7.94 11,204,100 JNPR 12/11/2002 7.80 8.28 7.61 8.07 9,845,300 JNPR 12/12/2002 8.49 8.77 8.14 8.25 11,283,900 JNPR 12/13/2002 8.00 8.20 7.91 8.07 8,791,200 JNPR 12/16/2002 8.19 8.23 7.95 8.06 8,187,500 JNPR 12/17/2002 7.99 8.23 7.90 7.99 8,461,900 JNPR 12/18/2002 7.76 7.87 7.50 7.64 9,309,400 JNPR 12/19/2002 7.61 7.84 7.27 7.44 8,047,700 JNPR 12/20/2002 7.65 7.75 7.24 7.33 10,716,200 JNPR 12/23/2002 7.20 7.64 7.17 7.42 12,866,500 JNPR 12/24/2002 7.40 7.54 7.22 7.25 3,574,300 JNPR 12/25/2002 0.00 0.00 0.00 7.25 JNPR 12/26/2002 7.36 7.50 7.06 7.13 4,514,500 JNPR 12/27/2002 7.09 7.30 6.93 7.01 4,109,300 JNPR 12/30/2002 7.00 7.10 6.65 6.72 8,055,100 JNPR 12/31/2002 6.60 6.82 6.52 6.80 5,986,300 JNPR 1/1/2003 0.00 0.00 0.00 6.80 JNPR 1/2/2003 6.98 7.43 6.88 7.36 10,760,600

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JNPR 1/3/2003 7.32 7.53 7.20 7.39 7,732,900 JNPR 1/6/2003 7.54 8.25 7.44 8.05 15,655,500 JNPR 1/7/2003 8.15 8.80 8.14 8.79 18,193,400 JNPR 1/8/2003 8.56 8.89 8.32 8.40 12,329,300 JNPR 1/9/2003 8.82 9.50 8.78 9.41 18,520,700 JNPR 1/10/2003 9.14 9.81 9.00 9.26 21,310,900 JNPR 1/13/2003 9.70 9.72 8.71 9.21 11,649,900 JNPR 1/14/2003 9.27 9.77 9.26 9.69 13,145,400 JNPR 1/15/2003 9.68 9.77 9.43 9.69 10,480,800 JNPR 1/16/2003 9.63 9.67 9.03 9.23 17,518,800 JNPR 1/17/2003 8.89 8.95 8.46 8.50 23,776,400 JNPR 1/20/2003 0.00 0.00 0.00 8.50 JNPR 1/21/2003 8.85 9.29 8.83 8.97 23,053,100 JNPR 1/22/2003 8.82 9.25 8.82 8.91 15,030,500 JNPR 1/23/2003 9.22 9.42 8.96 9.13 16,212,000 JNPR 1/24/2003 9.08 9.35 8.75 8.75 17,952,100 JNPR 1/27/2003 8.45 9.09 8.37 8.85 15,749,100 JNPR 1/28/2003 9.02 9.29 8.98 9.18 15,872,000 JNPR 1/29/2003 9.12 9.48 9.01 9.35 12,024,100 JNPR 1/30/2003 9.44 9.48 9.00 9.01 9,542,300 JNPR 1/31/2003 8.79 9.06 8.65 8.77 13,387,900 JNPR 2/3/2003 8.94 9.05 8.85 8.91 9,252,200 JNPR 2/4/2003 8.76 8.79 8.48 8.61 11,697,500 JNPR 2/5/2003 8.77 9.20 8.70 8.83 18,163,800 JNPR 2/6/2003 8.77 9.00 8.67 8.97 11,305,800 JNPR 2/7/2003 8.98 9.03 8.42 8.46 14,861,200 JNPR 2/10/2003 8.58 8.75 8.37 8.69 9,558,100 JNPR 2/11/2003 8.78 8.97 8.71 8.80 11,323,700 JNPR 2/12/2003 8.80 8.80 8.51 8.56 8,342,100 JNPR 2/13/2003 8.64 8.74 8.13 8.40 12,159,900 JNPR 2/14/2003 8.50 8.75 8.33 8.70 8,659,500 JNPR 2/17/2003 0.00 0.00 0.00 8.70 JNPR 2/18/2003 8.90 9.18 8.87 9.16 9,575,200 JNPR 2/19/2003 9.11 9.18 8.98 9.09 8,733,300 JNPR 2/20/2003 9.12 9.25 8.77 8.88 9,951,300 JNPR 2/21/2003 8.86 9.13 8.73 9.08 11,282,400 JNPR 2/24/2003 9.01 9.21 8.94 8.98 7,804,700 JNPR 2/25/2003 8.76 8.77 8.46 8.69 13,509,100 JNPR 2/26/2003 8.59 8.79 8.48 8.48 8,884,200 JNPR 2/27/2003 8.64 8.85 8.50 8.53 8,622,200 JNPR 2/28/2003 8.60 9.02 8.58 8.99 14,638,400 JNPR 3/3/2003 9.24 9.26 8.85 8.88 9,815,500 JNPR 3/4/2003 8.87 9.00 8.78 8.99 8,094,100 JNPR 3/5/2003 8.95 9.04 8.86 8.96 6,714,100 JNPR 3/6/2003 8.81 9.00 8.77 8.92 5,924,700 JNPR 3/7/2003 8.77 8.90 8.63 8.88 7,878,300 JNPR 3/10/2003 8.79 8.82 8.53 8.58 7,744,700 JNPR 3/11/2003 8.57 8.63 8.15 8.15 10,631,100 JNPR 3/12/2003 8.07 8.12 7.45 7.82 21,554,700 JNPR 3/13/2003 8.15 9.00 7.89 8.63 19,411,100

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JNPR 3/14/2003 8.77 8.85 8.46 8.48 10,195,900 JNPR 3/17/2003 8.32 9.12 8.28 9.09 14,999,800 JNPR 3/18/2003 9.10 9.38 9.04 9.25 11,042,900 JNPR 3/19/2003 9.19 9.28 8.80 9.18 14,214,200 JNPR 3/20/2003 9.01 9.26 8.85 9.18 10,569,700 JNPR 3/21/2003 9.37 9.39 8.95 9.11 10,759,300 JNPR 3/24/2003 8.81 8.88 8.47 8.49 8,703,900 JNPR 3/25/2003 8.44 8.72 8.23 8.48 12,684,200 JNPR 3/26/2003 8.50 8.78 8.38 8.70 10,205,700 JNPR 3/27/2003 8.58 8.65 8.46 8.46 8,994,800 JNPR 3/28/2003 8.42 8.62 8.32 8.45 7,303,100 JNPR 3/31/2003 8.23 8.34 8.15 8.17 7,478,100 JNPR 4/1/2003 8.23 8.36 8.10 8.16 6,081,300 JNPR 4/2/2003 8.52 8.70 8.50 8.52 8,952,400 JNPR 4/3/2003 8.74 8.97 8.58 8.90 13,971,100 JNPR 4/4/2003 8.92 8.96 8.63 8.81 9,647,200 JNPR 4/7/2003 9.22 9.25 8.80 8.86 10,394,500 JNPR 4/8/2003 8.87 8.98 8.20 8.74 10,793,100 JNPR 4/9/2003 8.70 8.91 8.36 8.41 14,038,200 JNPR 4/10/2003 8.46 8.52 8.25 8.41 15,316,200 JNPR 4/11/2003 9.05 9.27 8.98 9.09 25,166,900 JNPR 4/14/2003 9.08 9.41 9.05 9.40 11,429,100 JNPR 4/15/2003 9.36 10.00 9.31 9.98 22,714,700 JNPR 4/16/2003 10.15 10.30 9.85 9.88 17,595,300 JNPR 4/17/2003 9.90 10.28 9.75 10.05 13,348,400 JNPR 4/18/2003 0.00 0.00 0.00 10.05 JNPR 4/21/2003 10.07 10.28 9.98 10.28 7,626,300 JNPR 4/22/2003 10.22 10.68 10.16 10.45 18,049,100 JNPR 4/23/2003 10.10 10.39 9.96 10.23 23,523,400 JNPR 4/24/2003 9.96 10.15 9.92 9.99 10,200,700 JNPR 4/25/2003 9.85 9.92 9.60 9.72 8,547,400 JNPR 4/28/2003 9.77 10.13 9.65 10.08 8,422,100 JNPR 4/29/2003 10.23 10.45 10.10 10.38 12,097,400 JNPR 4/30/2003 10.34 10.40 10.15 10.24 7,962,700 JNPR 5/1/2003 10.17 10.30 9.98 10.20 8,075,500 JNPR 5/2/2003 10.21 11.27 10.21 11.15 23,518,900 JNPR 5/5/2003 11.36 12.80 11.27 11.95 41,372,300 JNPR 5/6/2003 12.12 12.42 12.05 12.29 20,876,700 JNPR 5/7/2003 11.90 12.38 11.82 12.19 18,511,500 JNPR 5/8/2003 11.97 12.26 11.86 11.90 14,115,000 JNPR 5/9/2003 12.13 12.19 11.68 12.00 12,417,600 JNPR 5/12/2003 12.10 12.70 12.00 12.53 16,389,400 JNPR 5/13/2003 12.41 12.64 12.36 12.51 14,804,900 JNPR 5/14/2003 13.35 13.48 12.95 13.01 25,676,400 JNPR 5/15/2003 13.17 13.25 12.95 13.07 13,934,300 JNPR 5/16/2003 12.89 13.51 12.80 13.16 10,532,700 JNPR 5/19/2003 13.20 13.30 12.56 12.64 13,164,800 JNPR 5/20/2003 12.86 12.95 12.41 12.59 11,003,200 JNPR 5/21/2003 12.45 12.77 12.40 12.72 6,792,300 JNPR 5/22/2003 12.65 13.04 12.56 12.93 8,458,500

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JNPR 5/23/2003 12.94 12.94 12.76 12.80 5,208,600 JNPR 5/26/2003 0.00 0.00 0.00 12.80 JNPR 5/27/2003 12.77 14.14 12.76 13.89 23,691,500 JNPR 5/28/2003 13.46 14.10 13.42 13.90 42,837,600 JNPR 5/29/2003 14.02 14.05 13.64 13.66 19,632,400 JNPR 5/30/2003 13.84 14.10 13.73 13.81 16,108,300 JNPR 6/2/2003 14.38 14.55 13.86 13.99 21,575,700 JNPR 6/3/2003 14.01 14.35 13.65 13.88 20,347,400 JNPR 6/4/2003 13.94 14.50 13.89 14.39 16,849,600 JNPR 6/5/2003 14.51 14.56 14.10 14.45 17,357,700 JNPR 6/6/2003 14.91 14.95 13.74 13.82 19,899,300 JNPR 6/9/2003 13.70 14.06 13.33 13.44 11,055,300 JNPR 6/10/2003 13.50 13.77 13.42 13.74 9,601,900 JNPR 6/11/2003 13.73 13.78 13.39 13.52 11,785,900 JNPR 6/12/2003 13.66 13.72 13.45 13.59 7,390,600 JNPR 6/13/2003 13.60 13.70 12.81 12.82 12,439,900 JNPR 6/16/2003 12.95 13.20 12.62 13.17 9,114,500 JNPR 6/17/2003 13.40 13.42 12.99 13.18 8,031,300 JNPR 6/18/2003 13.21 14.10 13.06 13.90 16,411,600 JNPR 6/19/2003 14.19 14.27 13.31 13.36 11,626,900 JNPR 6/20/2003 13.51 13.55 13.07 13.15 7,137,200 JNPR 6/23/2003 13.15 13.15 12.45 12.59 10,087,700 JNPR 6/24/2003 12.27 12.35 11.82 12.00 14,118,300 JNPR 6/25/2003 12.19 12.88 12.14 12.52 18,007,200 JNPR 6/26/2003 12.69 12.69 12.28 12.57 10,578,200 JNPR 6/27/2003 12.59 13.09 12.36 12.50 8,456,700 JNPR 6/30/2003 12.71 12.88 12.36 12.47 8,903,600 JNPR 7/1/2003 12.16 12.68 12.10 12.63 10,825,700 JNPR 7/2/2003 12.65 13.38 12.65 13.32 13,986,800 JNPR 7/3/2003 13.15 13.59 13.10 13.32 6,088,500 JNPR 7/4/2003 0.00 0.00 0.00 13.32 JNPR 7/7/2003 13.72 14.09 13.56 14.01 9,333,600 JNPR 7/8/2003 14.00 15.00 13.97 14.85 18,177,700 JNPR 7/9/2003 14.60 15.28 14.60 14.87 18,844,900 JNPR 7/10/2003 14.43 14.65 14.00 14.11 21,127,600 JNPR 7/11/2003 14.14 14.58 13.80 14.48 29,189,400 JNPR 7/14/2003 14.90 15.24 14.90 15.03 18,867,400 JNPR 7/15/2003 15.21 15.35 14.50 14.77 22,190,600 JNPR 7/16/2003 14.84 14.85 14.42 14.62 13,601,600 JNPR 7/17/2003 14.17 14.20 13.81 13.90 16,162,800 JNPR 7/18/2003 14.03 14.14 13.44 13.74 10,339,600 JNPR 7/21/2003 13.71 13.77 13.46 13.55 6,809,700 JNPR 7/22/2003 13.74 14.01 13.55 13.94 12,783,100 JNPR 7/23/2003 14.23 14.25 13.68 14.12 10,260,000 JNPR 7/24/2003 14.30 14.51 14.15 14.26 10,363,300 JNPR 7/25/2003 14.16 14.35 13.51 14.00 12,671,900 JNPR 7/28/2003 14.09 14.59 13.93 14.58 14,017,300 JNPR 7/29/2003 14.43 14.84 14.14 14.80 18,135,500 JNPR 7/30/2003 14.74 14.75 14.03 14.14 9,789,400 JNPR 7/31/2003 14.40 14.59 14.20 14.43 7,447,100

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JNPR 8/1/2003 14.38 14.54 14.24 14.30 4,947,700 JNPR 8/4/2003 14.32 14.34 13.82 14.12 5,364,400 JNPR 8/5/2003 14.11 14.21 13.48 13.58 8,462,000 JNPR 8/6/2003 13.17 13.59 13.03 13.20 14,899,800 JNPR 8/7/2003 13.20 13.39 13.01 13.12 8,499,700 JNPR 8/8/2003 13.20 13.54 13.17 13.38 7,820,400 JNPR 8/11/2003 13.45 13.45 13.07 13.23 6,595,100 JNPR 8/12/2003 13.26 13.53 13.16 13.45 5,141,400 JNPR 8/13/2003 13.71 13.84 13.52 13.61 6,408,600 JNPR 8/14/2003 13.60 13.81 13.45 13.61 4,218,200 JNPR 8/15/2003 13.69 13.76 13.45 13.61 1,771,400 JNPR 8/18/2003 13.73 14.34 13.63 14.23 9,452,300 JNPR 8/19/2003 14.38 14.77 14.32 14.71 10,245,800 JNPR 8/20/2003 14.56 15.63 14.48 15.39 20,175,500 JNPR 8/21/2003 15.45 15.70 15.00 15.60 14,087,300 JNPR 8/22/2003 15.89 16.20 15.45 15.48 9,973,700 JNPR 8/25/2003 15.38 16.06 15.11 15.90 10,318,600 JNPR 8/26/2003 15.65 16.43 15.61 16.37 12,738,500 JNPR 8/27/2003 16.38 17.15 16.33 16.96 15,928,300 JNPR 8/28/2003 17.07 17.58 17.00 17.45 16,261,900 JNPR 8/29/2003 17.34 17.63 17.11 17.21 7,901,700 JNPR 9/1/2003 0.00 0.00 0.00 17.21 JNPR 9/2/2003 17.48 17.51 16.98 17.30 14,133,200 JNPR 9/3/2003 17.57 18.00 17.32 17.63 14,678,200 JNPR 9/4/2003 17.55 18.00 17.55 18.00 9,860,700 JNPR 9/5/2003 17.78 18.00 17.26 17.40 14,820,600 JNPR 9/8/2003 17.46 17.81 17.43 17.68 7,124,800 JNPR 9/9/2003 17.61 18.19 17.41 17.49 14,134,500 JNPR 9/10/2003 17.01 17.16 16.50 16.55 14,346,300 JNPR 9/11/2003 16.55 16.91 16.26 16.79 9,239,000 JNPR 9/12/2003 17.19 17.45 16.62 17.18 13,706,200 JNPR 9/15/2003 16.92 17.00 16.35 16.40 10,872,700 JNPR 9/16/2003 16.33 16.80 16.20 16.73 11,559,900 JNPR 9/17/2003 16.75 16.98 16.56 16.79 7,480,600 JNPR 9/18/2003 16.73 16.83 16.55 16.67 6,212,400 JNPR 9/19/2003 16.76 16.81 16.28 16.41 6,089,900 JNPR 9/22/2003 15.99 16.36 15.90 16.17 6,362,900 JNPR 9/23/2003 16.03 16.11 15.85 16.05 7,508,200 JNPR 9/24/2003 16.11 16.60 15.68 15.68 12,133,500 JNPR 9/25/2003 15.82 15.83 15.17 15.30 7,221,800 JNPR 9/26/2003 15.31 15.68 14.99 15.00 7,871,400 JNPR 9/29/2003 15.20 15.48 14.75 15.41 7,899,200 JNPR 9/30/2003 15.24 15.39 14.91 15.00 7,254,200 JNPR 10/1/2003 15.07 15.43 15.01 15.17 7,850,700 JNPR 10/2/2003 15.29 15.42 15.12 15.24 6,751,300 JNPR 10/3/2003 15.85 16.94 15.81 16.63 19,412,900 JNPR 10/6/2003 16.91 17.33 16.80 17.29 9,629,400 JNPR 10/7/2003 17.18 18.20 17.05 18.04 17,395,900 JNPR 10/8/2003 18.11 18.41 17.79 17.95 13,731,200 JNPR 10/9/2003 18.40 18.90 18.12 18.40 20,487,300

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JNPR 10/10/2003 18.85 18.90 17.51 17.62 38,775,300 JNPR 10/13/2003 17.80 17.85 17.43 17.60 10,454,200 JNPR 10/14/2003 17.60 17.95 17.50 17.78 10,945,300 JNPR 10/15/2003 17.97 17.99 17.05 17.09 12,701,200 JNPR 10/16/2003 16.96 17.44 16.87 17.41 7,170,100 JNPR 10/17/2003 17.46 17.50 16.96 17.09 6,310,100 JNPR 10/20/2003 17.19 17.30 16.93 17.00 4,311,600 JNPR 10/21/2003 17.05 17.30 16.98 17.03 5,042,800 JNPR 10/22/2003 16.90 16.93 16.64 16.76 5,099,700 JNPR 10/23/2003 16.44 16.59 16.27 16.49 7,775,400 JNPR 10/24/2003 16.51 16.75 16.32 16.49 8,078,800 JNPR 10/27/2003 16.70 16.94 16.66 16.86 7,032,800 JNPR 10/28/2003 17.06 17.73 16.98 17.68 10,195,100 JNPR 10/29/2003 17.67 18.00 17.66 17.95 7,059,700 JNPR 10/30/2003 18.30 18.40 17.79 17.86 10,267,200 JNPR 10/31/2003 18.18 18.55 17.83 18.00 12,078,300 JNPR 11/3/2003 18.31 18.60 18.24 18.55 8,108,300 JNPR 11/4/2003 18.64 18.80 18.37 18.50 7,740,500 JNPR 11/5/2003 18.36 19.05 18.36 19.01 10,186,700 JNPR 11/6/2003 19.37 19.38 18.82 19.00 11,253,200 JNPR 11/7/2003 19.25 19.29 18.65 18.70 6,247,400 JNPR 11/10/2003 18.83 18.95 18.19 18.33 7,630,300 JNPR 11/11/2003 18.33 18.65 18.16 18.36 5,482,100 JNPR 11/12/2003 18.41 18.68 18.18 18.60 5,758,400 JNPR 11/13/2003 18.51 18.95 18.40 18.46 6,502,100 JNPR 11/14/2003 18.68 18.84 17.69 17.75 9,773,700 JNPR 11/17/2003 17.56 17.77 17.44 17.61 7,532,200 JNPR 11/18/2003 17.82 18.11 17.26 17.30 10,157,000 JNPR 11/19/2003 17.46 17.92 17.31 17.69 6,616,300 JNPR 11/20/2003 17.56 17.90 17.40 17.40 5,660,400 JNPR 11/21/2003 17.50 17.64 17.21 17.42 4,823,400 JNPR 11/24/2003 17.67 18.38 17.64 18.30 6,692,700 JNPR 11/25/2003 18.42 18.82 18.26 18.63 9,442,200 JNPR 11/26/2003 18.73 18.87 18.20 18.67 5,587,500 JNPR 11/27/2003 0.00 0.00 0.00 18.67 JNPR 11/28/2003 18.64 18.90 18.54 18.87 2,016,400 JNPR 12/1/2003 18.93 19.09 18.59 18.95 6,767,800 JNPR 12/2/2003 18.86 18.95 18.31 18.38 6,048,100 JNPR 12/3/2003 18.54 18.65 17.91 17.97 4,800,900 JNPR 12/4/2003 18.13 18.40 17.79 18.14 8,015,300 JNPR 12/5/2003 17.96 18.13 17.76 17.90 3,192,200 JNPR 12/8/2003 17.84 18.26 17.83 18.18 5,996,300 JNPR 12/9/2003 18.14 18.35 17.40 17.50 7,575,600 JNPR 12/10/2003 17.27 17.47 16.86 17.21 8,615,700 JNPR 12/11/2003 17.12 17.98 17.09 17.90 6,679,900 JNPR 12/12/2003 17.96 18.05 17.26 17.50 7,216,100 JNPR 12/15/2003 17.95 18.11 17.05 17.12 6,191,200 JNPR 12/16/2003 16.94 17.05 16.36 16.60 10,382,000 JNPR 12/17/2003 16.75 17.15 16.55 17.03 6,342,000 JNPR 12/18/2003 17.16 18.38 17.08 18.02 16,621,000

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JNPR 12/19/2003 18.01 18.55 17.98 18.06 12,738,000 JNPR 12/22/2003 17.94 18.34 17.79 17.94 6,008,200 JNPR 12/23/2003 17.97 18.30 17.87 18.25 3,710,200 JNPR 12/24/2003 18.34 18.61 18.16 18.51 3,210,700 JNPR 12/25/2003 0.00 0.00 0.00 18.51 JNPR 12/26/2003 18.39 18.75 18.32 18.58 1,978,000 JNPR 12/29/2003 18.44 18.64 18.40 18.51 5,124,100 JNPR 12/30/2003 18.43 18.78 18.40 18.51 3,550,700 JNPR 12/31/2003 18.90 18.95 18.65 18.68 5,113,100 JNPR 1/1/2004 0.00 0.00 0.00 18.68 JNPR 1/2/2004 18.81 19.89 18.75 19.68 13,321,400 JNPR 1/5/2004 19.74 20.14 19.68 19.85 12,673,900 JNPR 1/6/2004 19.75 20.75 19.67 20.20 6,582,100 JNPR 1/7/2004 20.03 20.30 19.85 20.19 8,891,100 JNPR 1/8/2004 20.52 21.42 20.35 21.30 13,743,800 JNPR 1/9/2004 20.92 22.46 20.89 22.00 19,134,000 JNPR 1/12/2004 22.35 23.85 22.18 23.72 24,221,700 JNPR 1/13/2004 23.71 23.94 22.52 23.01 22,780,400 JNPR 1/14/2004 23.25 23.30 22.24 22.69 11,535,200 JNPR 1/15/2004 22.64 23.50 22.38 22.93 21,845,800 JNPR 1/16/2004 27.65 30.00 27.40 29.93 76,685,800 ]NPR 1/19/2004 0.00 0.00 0.00 29.93 JNPR 1/20/2004 30.61 31.25 29.69 30.39 31,039,300 JNPR 1/21/2004 29.56 29.92 29.16 29.62 21,861,500 JNPR 1/22/2004 29.67 29.84 29.07 29.17 12,039,800 JNPR 1/23/2004 29.00 29.25 27.83 27.98 20,433,800 JNPR 1/26/2004 28.00 29.54 27.80 29.36 16,176,000 JNPR 1/27/2004 29.17 30.22 28.71 28.78 15,993,100 JNPR 1/28/2004 29.54 29.66 28.32 28.43 12,830,200 JNPR 1/29/2004 28.55 28.63 26.84 28.17 21,973,100 JNPR 1/30/2004 28.54 29.29 28.15 28.83 11,751,400 JNPR 2/2/2004 28.96 29.40 28.48 28.56 13,271,400 JNPR 2/3/2004 28.36 28.92 27.90 28.23 11,924,300 JNPR 2/4/2004 27.39 28.78 27.36 28.17 17,570,900 JNPR 2/5/2004 28.40 29.19 28.08 28.22 15,331,500 JNPR 2/6/2004 28.54 29.54 28.50 29.47 11,188,100 JNPR 2/9/2004 26.96 27.74 25.38 26.18 106,359,500 JNPR 2/10/2004 26.59 27.74 26.22 27.36 55,031,300 JNPR 2/11/2004 27.60 27.64 26.86 26.95 22,266,600 JNPR 2/12/2004 26.95 27.43 26.58 26.60 12,019,600 JNPR 2/13/2004 26.71 26.95 26.42 26.65 11,524,000 JNPR 2/16/2004 0.00 0.00 0.00 26.65 JNPR 2/17/2004 26.84 27.02 26.19 26.46 11,401,400 JNPR 2/18/2004 26.59 26.99 26.24 26.89 12,138,500 JNPR 2/19/2004 27.38 27.40 25.91 25.95 15,318,500 JNPR 2/20/2004 26.03 26.07 25.05 25.53 19,012,100 JNPR 2/23/2004 25.82 25.83 24.37 24.73 20,146,700 JNPR 2/24/2004 24.68 25.10 24.33 24.75 20,518,400 JNPR 2/25/2004 24.75 25.40 24.75 25.25 15,492,200 JNPR 2/26/2004 25.25 26.05 25.02 25.94 16,123,500

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JNPR 2/27/2004 26.10 26.14 25.27 25.87 14,155,600 JNPR 3/1/2004 26.04 26.06 25.51 25.98 9,416,100 JNPR 3/2/2004 26.00 26.43 25.69 25.73 11,126,400 JNPR 3/3/2004 25.78 25.82 25.04 25.26 9,247,600 JNPR 3/4/2004 25.20 25.45 25.05 25.35 7,853,700 JNPR 3/5/2004 24.97 25.48 24.79 25.22 11,444,700 JNPR 3/8/2004 25.52 25.64 24.38 24.41 8,997,200 JNPR 3/9/2004 24.21 24.41 23.64 23.84 18,102,900 JNPR 3/10/2004 24.13 24.65 24.00 24.28 16,125,500 JNPR 3/11/2004 24.10 25.13 24.07 24.61 19,393,100 JNPR 3/12/2004 24.94 25.89 24.80 25.81 14,742,900 JNPR 3/15/2004 25.75 26.30 24.59 24.79 19,622,300 JNPR 3/16/2004 25.24 25.37 24.09 24.40 16,941,200 JNPR 3/17/2004 24.92 25.59 24.65 25.42 13,041,600 JNPR 3/18/2004 25.71 25.84 24.91 25.35 16,705,100 JNPR 3/19/2004 25.30 25.32 24.76 24.86 11,372,200 JNPR 3/22/2004 24.56 24.57 23.08 23.49 22,281,600 JNPR 3/23/2004 23.85 24.12 23.37 23.79 13,547,700 JNPR 3/24/2004 23.88 24.14 23.48 23.73 10,357,100 JNPR 3/25/2004 24.19 25.17 24.15 25.13 12,736,500 JNPR 3/26/2004 25.05 25.66 24.86 25.37 11,925,400 JNPR 3/29/2004 25.75 26.68 25.70 26.22 13,020,300 JNPR 3/30/2004 25.96 26.60 25.82 26.54 9,857,800 JNPR 3/31/2004 26.60 26.63 26.00 26.02 10,017,000 JNPR 4/1/2004 26.19 26.62 26.15 26.28 8,453,200 JNPR 4/2/2004 27.33 27.62 26.50 27.10 12,506,400 JNPR 4/5/2004 27.00 27.58 27.00 27.52 6,957,700 JNPR 4/6/2004 26.99 27.54 26.53 27.07 10,625,200 JNPR 4/7/2004 27.02 27.30 26.80 27.21 6,443,300 JNPR 4/8/2004 27.75 27.79 27.40 27.52 8,186,400 JNPR 4/9/2004 0.00 0.00 0.00 27.52 JNPR 4/12/2004 27.68 27.87 27.40 27.55 4,518,400 JNPR 4/13/2004 27.81 27.81 26.05 26.17 13,868,800 JNPR 4/14/2004 25.77 26.29 25.66 26.04 10,666,600 JNPR 4/15/2004 26.02 26.49 25.24 26.02 13,539,800 JNPR 4/16/2004 25.92 25.97 24.92 25.17 15,192,700 JNPR 4/19/2004 24.94 25.76 24.39 25.69 11,584,700 JNPR 4/20/2004 25.91 25.97 24.76 24.91 9,698,700 JNPR 4/21/2004 25.10 25.89 24.89 25.83 15,816,100 JNPR 4/22/2004 25.49 26.97 25.16 26.82 28,498,100 JNPR 4/23/2004 26.67 26.83 25.88 26.13 12,815,900 JNPR 4/26/2004 25.79 26.04 25.09 25.32 11,278,500 JNPR 4/27/2004 25.20 25.75 24.68 25.07 8,676,300 JNPR 4/28/2004 24.30 24.98 23.95 24.18 12,238,500 JNPR 4/29/2004 24.15 24.55 22.35 22.95 20,588,300 JNPR 4/30/2004 23.00 23.05 21.62 21.88 17,502,200 JNPR 5/3/2004 21.89 22.60 21.71 22.18 12,379,400 JNPR 5/4/2004 22.23 23.65 20.91 23.44 20,263,800 JNPR 5/5/2004 23.45 23.50 22.82 23.08 8,648,400 JNPR 5/6/2004 22.79 22.91 22.51 22.83 6,475,600

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JNPR 7/16/2004 24.49 24.56 23.76 24.08 12,119,800 JNPR 7/19/2004 24.19 24.31 23.32 23.73 9,750,600 JNPR 7/20/2004 23.78 24.35 23.71 24.30 8,603,500 JNPR 7/21/2004 24.50 24.74 22.80 22.97 11,637,600 JNPR 7/22/2004 23.03 23.59 22.45 23.21 12,378,800 JNPR 7/23/2004 23.09 23.23 22.53 22.76 8,235,800 JNPR 7/26/2004 22.93 22.98 21.57 21.80 11,054,100 JNPR 7/27/2004 21.94 22.93 21.81 22.78 9,544,400 JNPR 7/28/2004 22.22 22.40 21.41 22.17 13,573,100 JNPR 7/29/2004 22.69 23.09 22.49 22.90 10,588,100 JNPR 7/30/2004 22.82 23.50 22.55 22.96 9,443,100 JNPR 8/2/2004 22.47 23.12 22.30 22.95 10,443,200 JNPR 8/3/2004 22.84 23.17 22.31 22.40 8,683,000 JNPR 8/4/2004 22.26 22.62 22.10 22.30 7,658,300 JNPR 8/5/2004 22.33 22.75 21.66 21.81 6,925,400 JNPR 8/6/2004 21.37 22.09 21.00 21.06 13,012,500 JNPR 8/9/2004 21.06 21.32 20.62 20.95 5,735,500 JNPR 8/10/2004 21.14 21.72 21.08 21.56 7,212,400 JNPR 8/11/2004 20.18 20.84 20.11 20.69 14,870,400 JNPR 8/12/2004 20.45 20.90 20.13 20.20 9,808,800 JNPR 8/13/2004 20.31 20.79 20.19 20.29 6,681,700 JNPR 8/16/2004 20.12 20.48 20.01 20.37 10,498,700 JNPR 8/17/2004 20.70 21.11 20.25 21.03 10,254,200 JNPR 8/18/2004 20.79 21.78 20.73 21.73 9,184,900 JNPR 8/19/2004 21.72 22.19 21.42 21.75 6,758,900 JNPR 8/20/2004 21.58 22.14 21.49 21.98 4,730,500 JNPR 8/23/2004 21.98 22.30 21.94 22.00 4,393,100 JNPR 8/24/2004 22.16 22.32 21.52 21.60 5,348,200 JNPR 8/25/2004 21.78 22.77 21.65 22.62 10,154,000 JNPR 8/26/2004 22.45 22.98 22.41 22.71 8,021,800 JNPR 8/27/2004 22.76 23.06 22.76 22.96 4,887,800 JNPR 8/30/2004 22.70 22.89 22.35 22.39 3,350,800 JNPR 8/31/2004 22.80 23.09 22.43 22.89 8,360,000 JNPR 9/1/2004 22.88 23.46 22.65 23.33 8,299,900 JNPR 9/2/2004 23.29 23.79 23.15 23.64 5,045,200 JNPR 9/3/2004 23.29 23.71 23.05 23.15 5,303,500 JNPR 9/6/2004 0.00 0.00 0.00 23.15 JNPR 9/7/2004 23.35 23.51 23.11 23.31 4,668,400 JNPR 9/8/2004 23.23 23.74 23.14 23.60 5,062,500 JNPR 9/9/2004 23.78 24.25 23.65 24.04 7,428,600 JNPR 9/10/2004 24.03 24.99 23.72 24.92 7,628,900 JNPR 9/13/2004 24.77 24.89 24.09 24.34 11,280,600 JNPR 9/14/2004 24.29 24.90 24.09 24.76 5,893,500 JNPR 9/15/2004 24.60 24.64 23.92 24.17 6,815,900 JNPR 9/16/2004 24.45 24.60 24.21 24.34 4,786,000 JNPR 9/17/2004 24.44 24.55 23.99 24.14 7,938,200 JNPR 9/20/2004 23.91 24.94 23.90 24.58 6,539,800 JNPR 9/21/2004 24.95 25.99 24.95 25.72 15,969,900 JNPR 9/22/2004 25.30 25.57 24.62 24.75 9,036,200 JNPR 9/23/2004 24.82 25.25 24.30 25.04 8,468,200

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JNPR 9/24/2004 25.11 25.27 24.53 24.65 7,702,800 JNPR 9/27/2004 24.49 24.60 24.13 24.24 6,118,100 JNPR 9/28/2004 23.67 23.81 22.83 23.55 21,836,700 JNPR 9/29/2004 23.49 23.77 23.01 23.41 10,678,300 JNPR 9/30/2004 23.46 23.95 23.32 23.60 7,538,300 JNPR 10/1/2004 23.73 24.24 23.70 23.92 8,470,800 JNPR 10/4/2004 24.46 25.35 24.46 24.97 13,130,400 JNPR 10/5/2004 24.83 25.35 24.70 25.04 7,968,300 JNPR 10/6/2004 24.92 25.98 24.82 25.89 12,358,200 JNPR 10/7/2004 25.40 25.70 25.10 25.20 8,332,000 JNPR 10/8/2004 24.71 25.15 24.12 24.35 7,765,600 JNPR 10/11/2004 24.57 24.60 24.13 24.51 5,486,100 JNPR 10/12/2004 24.16 24.72 23.86 24.60 9,125,700 JNPR 10/13/2004 25.10 25.12 24.58 24.68 7,714,700 JNPR 10/14/2004 24,76 25.12 24.20 25.03 22,558,600 JNPR 10/15/2004 23.91 24.19 23.08 23.76 32,864,100 JNPR 10/18/2004 23.71 24.69 23.47 24.62 13,114,300 JNPR 10/19/2004 24.92 24.95 24.11 24.30 10,081,000 JNPR 10/20/2004 24.16 24.36 23.84 23.96 7,516,900 JNPR 10/21/2004 24.12 24.71 23.83 24.60 7,651,300 JNPR 10/22/2004 24.65 24.76 23.89 24.01 6,944,500 JNPR 10/25/2004 23.75 24.44 23.62 23.66 5,632,800 JNPR 10/26/2004 23.80 24.28 23.50 24.25 7,947,700 JNPR 10/27/2004 24.24 25.88 24.10 25.82 17,339,300 JNPR 10/28/2004 25.51 26.34 25.50 26.31 13,272,300 JNPR 10/29/2004 26.11 26.78 26.10 26.61 13,043,200 JNPR 11/1/2004 26.50 26.77 26.25 26.46 7,763,200 JNPR 11/2/2004 26.63 27.30 26.61 26.87 8,954,000 ]NPR 11/3/2004 27.70 27.86 27.07 27.45 13,799,800 JNPR 11/4/2004 27.21 27.50 26.63 27.27 8,431,600 JNPR 11/5/2004 27.87 28.04 27.30 27.84 10,628,800 JNPR 11/8/2004 27.71 27.80 27.32 27.37 5,946,100 JNPR 11/9/2004 27.32 27.50 27.15 27.15 6,624,800 JNPR 11/10/2004 26.80 27.51 26.75 27.17 12,303,300 JNPR 11/11/2004 27.40 27.87 27.09 27.70 7,919,400 JNPR 11/12/2004 27.89 28.50 27.75 28.50 8,152,100 JNPR 11/15/2004 28.46 29.19 28.45 28.79 8,717,400 JNPR 11/16/2004 29.25 29.76 28.62 28.72 12,865,200 JNPR 11/17/2004 28.53 29.22 28.15 28.72 11,231,200 JNPR 11/18/2004 28.40 28.93 28.27 28.77 5,368,600 JNPR 11/19/2004 28.81 28.90 27.83 27.93 6,437,200 JNPR 11/22/2004 27.83 28.34 27.26 28.20 7,119,500 JNPR 11/23/2004 28.11 28.55 27.80 28.47 5,304,700 JNPR 11/24/2004 28.80 28.85 28.23 28.63 3,582,700 JNPR 11/25/2004 0.00 0.00 0.00 28.63 JNPR 11/26/2004 28.65 28.75 28.33 28.34 1,698,700 JNPR 11/29/2004 28.77 28.78 27.85 28.15 5,218,800 JNPR 11/30/2004 27.97 28.25 27.53 27.56 6,018,900 JNPR 12/1/2004 27.53 28.37 27.52 28.28 6,624,800 JNPR 12/2/2004 28.51 29.00 28.19 28.70 6,396,900

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JNPR 12/3/2004 28.98 29.16 28.32 28.54 6,135,600 JNPR 12/6/2004 28.50 29.25 28.37 29.06 5,848,400 JNPR 12/7/2004 29.24 30.25 28.65 28.79 13,621,100 JNPR 12/8/2004 28.88 29.31 28.58 29.08 7,366,100 JNPR 12/9/2004 28.75 28.79 28.13 28.38 10,272,700 JNPR 12/10/2004 28.35 28.50 27.90 28.14 4,873,000 JNPR 12/13/2004 28.30 28.47 27.72 28.01 5,084,700 JNPR 12/14/2004 27.51 27.70 27.20 27.32 11,264,100 JNPR 12/15/2004 27.40 27.95 27.32 27.60 7,579,900 JNPR 12/16/2004 27.15 27.32 26.49 26.84 20,597,000 ]NPR 12/17/2004 27.00 27.09 26.11 26.56 10,894,200 JNPR 12/20/2004 26.33 26.85 26.25 26.40 7,651,800 JNPR 12/21/2004 26.45 27.08 26.35 26.94 7,023,900 JNPR 12/22/2004 26.99 27.24 26.75 27.05 5,479,800 JNPR 12/23/2004 27.01 27.14 26.87 26.88 3,186,400 JNPR 12/24/2004 0.00 0.00 0.00 26.88 JNPR 12/27/2004 27.03 27.16 26.68 26.85 3,052,600 JNPR 12/28/2004 26.90 27.05 26.71 27.03 3,417,500 JNPR 12/29/2004 27.00 27.35 27.00 27.10 3,137,100 JNPR 12/30/2004 27.05 27.25 26.94 27.17 2,858,000 JNPR 12/31/2004 27.18 27.39 27.08 27.19 2,727,800 JNPR 1/3/2005 27.23 27.48 26.74 26.82 8,182,000 JNPR 1/4/2005 26.95 27.21 25.48 25.80 12,917,200 JNPR 1/5/2005 25.80 26.42 25.27 25.64 8,406,100 JNPR 1/6/2005 25.94 26.06 25.16 25.18 9,157,600 JNPR 1/7/2005 25.33 25.76 25.11 25.46 5,491,300 JNPR 1/10/2005 25.52 26.11 25.48 25.84 7,973,100 JNPR 1/11/2005 25.81 25.98 25.52 25.67 7,712,900 JNPR 1/12/2005 25.87 26.30 25.83 26.27 7,738,100 JNPR 1/13/2005 26.34 26.80 26.23 26.30 7,730,700 JNPR 1/14/2005 26.55 26.72 26.49 26.60 9,041,700 JNPR 1/17/2005 0.00 0.00 0.00 26.60 JNPR 1/18/2005 26.57 26.65 26.20 26.46 15,854,900 JNPR 1/19/2005 26.52 26.73 25.22 25.74 25,176,400 JNPR 1/20/2005 25.50 26.08 25.41 25.44 8,292,100 JNPR 1/21/2005 25.38 25.55 24.95 25.00 6,932,800 JNPR 1/24/2005 25.06 25.50 23.86 24.06 12,478,900 JNPR 1/25/2005 24.56 24.91 24.31 24.47 8,746,600 JNPR 1/26/2005 24.73 24.85 24.25 24.57 9,096,800 JNPR 1/27/2005 24.69 25.18 24.46 25.00 6,782,200 JNPR 1/28/2005 25.06 25.18 24.40 24.55 5,708,900 JNPR 1/31/2005 24.77 25.23 24.65 25.13 7,846,700 JNPR 2/1/2005 25.11 25.32 24.73 25.00 8,509,700 JNPR 2/2/2005 24.76 24.98 24.15 24.47 11,466,700 JNPR 2/3/2005 24.24 24.31 22.15 23.30 29,886,500 JNPR 2/4/2005 23.40 23.67 22.73 22.97 14,326,100 JNPR 2/7/2005 23.06 23.20 21.65 23.14 25,279,100 JNPR 2/8/2005 23.20 23.80 23.14 23.63 13,842,600 JNPR 2/9/2005 23.88 24.08 23.32 23.38 10,686,600 ]NPR 2/10/2005 23.44 23.66 22.98 23.25 9,209,700

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JNPR 2/11/2005 22.97 23.99 22.95 23.64 7,368,500 JNPR 2/14/2005 23.56 23.81 23.31 23.53 9,253,000 JNPR 2/15/2005 23.55 23.90 23.03 23.17 11,733,700 JNPR 2/16/2005 23.04 23.19 22.79 22.96 6,281,800 JNPR 2/17/2005 23.04 23.18 22.40 22.45 7,017,600 JNPR 2/18/2005 22.37 22.45 21.85 21.95 9,955,400 JNPR 2/21/2005 0.00 0.00 0.00 21.95 JNPR 2/22/2005 21.40 21.98 21.15 21.45 9,445,500 JNPR 2/23/2005 21.60 21.76 21.06 21.50 8,444,500 JNPR 2/24/2005 21.42 21.82 21.32 21.71 7,655,400 JNPR 2/25/2005 21.80 22.15 21.54 21.63 8,012,500 JNPR 2/28/2005 21.73 22.07 21.25 21.54 7,936,000 JNPR 3/1/2005 21.61 21.84 21.22 21.56 8,496,200 JNPR 3/2/2005 21.46 22.07 21.34 21.86 7,442,500 JNPR 3/3/2005 21.94 21.98 21.27 21.29 8,451,600 JNPR 3/4/2005 21.48 21.68 21.21 21.26 7,857,600 JNPR 3/7/2005 21.53 23.22 21.37 23.00 18,368,400 JNPR 3/8/2005 22.75 23.13 22.50 22.57 10,007,500 JNPR 3/9/2005 22.56 23.82 22.56 23.35 16,434,600 JNPR 3/10/2005 23.32 23.40 22.75 23.04 7,969,200 JNPR 3/11/2005 23.08 23.25 22.21 22.35 7,306,500 JNPR 3/14/2005 22.41 22.66 22.20 22.35 5,045,200 JNPR 3/15/2005 22.38 22.59 21.84 21.86 5,762,900 JNPR 3/16/2005 21.66 21.96 21.23 21.39 9,415,900 JNPR 3/17/2005 21.44 22.14 21.41 21.85 9,650,100 JNPR 3/18/2005 22.01 22.03 21.27 21.38 5,165,500 JNPR 3/21/2005 21.40 21.55 21.14 21.23 5,584,900 JNPR 3/22/2005 21.38 21.61 20.69 20.75 8,320,400 JNPR 3/23/2005 20.62 21.17 20.60 20.90 7,610,000 JNPR 3/24/2005 21.03 21.89 20.95 21.58 10,022,000 JNPR 3/25/2005 0.00 0.00 0.00 21.58 JNPR 3/28/2005 21.70 21.90 21.22 21.22 5,152,100 JNPR 3/29/2005 21.55 21.79 21.16 21.20 7,113,600 JNPR 3/30/2005 21.44 22.28 21.39 22.18 11,136,300 JNPR 3/31/2005 22.24 22.25 21.89 22.06 5,305,700 JNPR 4/1/2005 22.35 22.58 21.48 21.53 7,721,200 JNPR 4/4/2005 21.55 22.15 21.20 21.97 8,878,100 JNPR 4/5/2005 22.05 22.47 21.85 21.98 6,222,500 JNPR 4/6/2005 22.02 22.30 21.76 21.86 4,594,800 JNPR 4/7/2005 21.92 22.05 21.83 22.00 3,611,000 JNPR 4/8/2005 22.20 22.36 21.70 21.71 5,405,500 JNPR 4/11/2005 21.78 21.89 21.58 21.77 4,594,400 JNPR 4/12/2005 21.72 21.89 21.25 21.65 8,635,600 JNPR 4/13/2005 21.54 21.71 21.11 21.18 4,809,200 JNPR 4/14/2005 21.27 21.38 20.49 20.72 8,134,800 JNPR 4/15/2005 20.46 20.51 19.69 19.75 12,257,700 JNPR 4/18/2005 19.67 20.43 19.65 20.29 10,603,900 JNPR 4/19/2005 20.35 21.44 20.31 21.26 15,167,900 JNPR 4/20/2005 23.00 23.48 22.53 22.63 33,672,300 JNPR 4/21/2005 23.02 23.11 22.21 22.85 12,191,600

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JNPR 7/1/2005 25.25 25.38 24.76 24.89 4,940,500 JNPR 7/4/2005 0.00 0.00 0.00 24.89 JNPR 7/5/2005 24.61 25.06 24.47 24.72 6,003,400 JNPR 7/6/2005 24.62 25.29 24.60 24.95 6,485,700 JNPR 7/7/2005 24.70 24.95 24.50 24.85 5,157,600 JNPR 7/8/2005 24.80 25.41 24.54 25.40 6,987,000 JNPR 7/11/2005 25.47 25.53 25.14 25.50 5,142,900 JNPR 7/12/2005 25.40 26.16 25.33 26.00 5,914,100 JNPR 7/13/2005 26.13 26.19 25.55 26.16 4,932,400 JNPR 7/14/2005 26.21 26.80 26.20 26.28 6,510,300 JNPR 7/15/2005 26.33 26.48 25.83 26.08 5,002,000 JNPR 7/18/2005 25.98 26.15 25.80 26.12 4,066,000 JNPR 7/19/2005 26.32 27.21 26.13 26.53 8,053,800 JNPR 7/20/2005 25.60 25.63 24.80 25.00 18,018,500 JNPR 7/21/2005 24.97 25.00 23.76 23.90 17,591,800 JNPR 7/22/2005 24.06 24.09 23.67 23.84 7,361,500 JNPR 7/25/2005 23.90 23.99 22.95 23.03 14,499,500 JNPR 7/26/2005 23.16 23.35 23.08 23.10 9,556,300 JNPR 7/27/2005 23.23 24.22 22.96 24.13 11,831,900 JNPR 7/28/2005 24.10 24.19 23.90 23.97 6,863,200 JNPR 7/29/2005 24.02 24.30 23.99 23.99 5,357,300 JNPR 8/1/2005 24.09 24.28 23.89 24.16 5,789,600 JNPR 8/2/2005 24.20 24.38 24.10 24.25 5,283,900 JNPR 8/3/2005 24.22 24.50 24.10 24.48 6,037,700 JNPR 8/4/2005 24.29 24.43 23.74 23.79 6,248,300 JNPR 8/5/2005 23.60 23.78 23.39 23.63 6,851,300 JNPR 8/8/2005 23.59 23.63 23.07 23.11 5,674,200 JNPR 8/9/2005 23.21 23.34 23.08 23.30 6,452,600 JNPR 8/10/2005 23.32 23.80 23.31 23.56 9,510,400 JNPR 8/11/2005 23.54 23.79 23.29 23.79 5,373,500 JNPR 8/12/2005 23.48 23.63 23.16 23.58 5,724,500 JNPR 8/15/2005 23.46 23.72 23.39 23.49 3,618,000 JNPR 8/16/2005 23.31 23.76 23.19 23.60 6,303,900 JNPR 8/17/2005 23.65 23.84 23.39 23.48 4,918,500 JNPR 8/18/2005 23.41 23.52 23.32 23.37 3,132,700 JNPR 8/19/2005 23.43 23.48 23.19 23.32 4,507,900 JNPR 8/22/2005 23.39 23.82 23.29 23.60 5,067,100 JNPR 8/23/2005 23.75 23.85 23.51 23.66 3,864,100 JNPR 8/24/2005 23.60 23.81 23.44 23.56 4,953,600 JNPR 8/25/2005 23.47 23.60 23.27 23.34 4,553,500 JNPR 8/26/2005 23.17 23.22 22.75 22.97 6,895,200 JNPR 8/29/2005 22.76 22.91 22.58 22.84 5,759,800 JNPR 8/30/2005 22.85 22.86 22.33 22.62 8,222,400 JNPR 8/31/2005 22.52 22.76 22.51 22.74 6,770,600 JNPR 9/1/2005 22.75 23.12 22.58 23.02 7,110,600 JNPR 9/2/2005 23.06 23.40 22.97 23.16 4,572,000 JNPR 9/5/2005 0.00 0.00 0.00 23.16 JNPR 9/6/2005 23.25 23.41 23.17 23.35 3,324,700 JNPR 9/7/2005 23.30 23.87 23.30 23.80 4,319,800 JNPR 9/8/2005 23.71 24.14 23.71 24.08 5,675,900

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JNPR 9/9/2005 24.00 24.13 23.80 24.02 3,357,100 JNPR 9/12/2005 24.02 24.37 23.85 24.03 4,002,000 JNPR 9/13/2005 23.97 24.22 23.90 24.00 2,474,900 JNPR 9/14/2005 24.00 24.00 23.36 23.51 3,925,200 JNPR 9/15/2005 23.45 23.65 22.95 23.38 4,233,900 JNPR 9/16/2005 23.37 23.63 23.31 23.53 3,797,200 JNPR 9/19/2005 23.50 23.50 23.14 23.26 3,549,700 JNPR 9/20/2005 23.03 23.77 22.93 23.13 7,114,400 JNPR 9/21/2005 23.03 23.16 22.60 22.70 4,959,300 JNPR 9/22/2005 22.70 22.79 22.00 22.42 5,406,100 JNPR 9/23/2005 22.42 22.60 22.25 22.33 4,297,200 JNPR 9/26/2005 22.47 22.69 22.32 22.46 4,529,300 JNPR 9/27/2005 22.41 22.97 22.41 22.59 5,568,900 JNPR 9/28/2005 22.70 23.63 22.68 23.53 7,008,100 JNPR 9/29/2005 23.60 23.82 23.32 23.68 5,741,900 JNPR 9/30/2005 23.55 23.94 23.48 23.80 4,717,800 JNPR 10/3/2005 23.60 23.95 22.97 23.01 8,769,200 JNPR 10/4/2005 23.00 23.18 22.54 22.55 6,986,700 JNPR 10/5/2005 22.60 22.80 22.05 22.09 7,495,900 JNPR 10/6/2005 22.16 22.74 22.09 22.32 8,056,200 ]NPR 10/7/2005 22.45 22.55 22.19 22.43 4,514,800 JNPR 10/10/2005 22.45 22.45 22.01 22.20 4,271,300 JNPR 10/11/2005 22.18 22.45 21.42 21.58 7,824,200 JNPR 10/12/2005 21.23 21.74 21.05 21.39 9,160,500 JNPR 10/13/2005 21.41 21.96 21.24 21.90 6,916,400 JNPR 10/14/2005 22.06 22.23 21.42 21.59 8,341,300 JNPR 10/17/2005 21.75 21.89 21.37 21.88 3,800,200 JNPR 10/18/2005 21.80 21.85 21.28 21.31 4,593,700 JNPR 10/19/2005 21.10 22.03 21.10 21.99 9,307,600 JNPR 10/20/2005 23.60 23.97 21.57 22.79 32,049,500 JNPR 10/21/2005 23.18 23.52 23.12 23.27 9,793,400 JNPR 10/24/2005 23.25 23.42 23.08 23.26 5,491,700 JNPR 10/25/2005 23.07 23.48 22.64 22.97 7,599,500 JNPR 10/26/2005 22.90 23.54 22.75 22.85 7,497,300 JNPR 10/27/2005 22.75 23.03 22.42 22.47 4,370,500 JNPR 10/28/2005 22.75 22.94 22.29 22.67 4,306,400 JNPR 10/31/2005 22.60 23.47 22.56 23.33 8,196,500 JNPR 11/1/2005 23.33 24.03 23.23 23.72 10,392,500 JNPR 11/2/2005 23.30 24.30 23.24 24.10 12,697,600 JNPR 11/3/2005 24.12 24.43 23.81 24.19 6,590,300 JNPR 11/4/2005 24.01 24.40 23.82 23.97 4,101,900 JNPR 11/7/2005 24.07 24.50 23.69 24.50 5,370,400 JNPR 11/8/2005 24.48 24.68 24.31 24.42 3,963,900 JNPR 11/9/2005 24.31 24.63 24.14 24.60 4,344,100 JNPR 11/10/2005 24.35 24.45 23.79 24.45 5,916,800 JNPR 11/11/2005 23.87 24.10 23.84 23.99 10,363,600 JNPR 11/14/2005 24.00 24.10 23.41 23.56 5,146,300 JNPR 11/15/2005 23.57 23.79 23.10 23.22 6,527,900 JNPR 11/16/2005 23.37 23.37 22.72 22.95 7,860,600 ]NPR 11/17/2005 23.11 23.42 22.92 23.38 3,928,900

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JNPR 11/18/2005 23.59 23.68 22.80 23.36 9,126,300 JNPR 11/21/2005 23.46 23.54 23.25 23.41 4,215,800 JNPR 11/22/2005 23.10 23.74 22.95 23.59 9,311,700 JNPR 11/23/2005 23.72 24.31 23.57 24.07 6,728,400 JNPR 11/24/2005 0.00 0.00 0.00 24.07 JNPR 11/25/2005 24.12 24.20 23.75 23.93 1,718,000 JNPR 11/28/2005 23.81 24.00 23.65 23.83 3,269,300 JNPR 11/29/2005 23.90 23.95 23.28 23.29 4,909,500 JNPR 11/30/2005 23.20 23.29 22.41 22.49 12,040,800 JNPR 12/1/2005 22.65 22.94 22.50 22.91 7,947,200 JNPR 12/2/2005 22.73 23.05 22.65 22.84 3,391,400 JNPR 12/5/2005 22.88 23.64 22.62 23.44 11,742,600 JNPR 12/6/2005 23.47 23.57 22.97 23.01 5,609,100 JNPR 12/7/2005 22.97 23.25 22.56 22.70 6,049,900 JNPR 12/8/2005 22.72 22.81 22.15 22.31 8,458,600 JNPR 12/9/2005 22.30 22.71 22.10 22.55 5,200,700 JNPR 12/12/2005 22.44 22.63 22.22 22.46 3,695,400 JNPR 12/13/2005 22.40 22.55 22.10 22.26 7,067,200 JNPR 12/14/2005 22.15 22.30 21.70 21.78 10,515,800 JNPR 12/15/2005 21.85 21.95 21.48 21.59 7,906,300 JNPR 12/16/2005 21.65 21.88 21.44 21.84 10,420,100 JNPR 12/19/2005 21.94 22.35 21.76 21.90 6,826,500 JNPR 12/20/2005 21.98 22.17 21.00 22.04 6,401,700 JNPR 12/21/2005 21.98 22.24 21.93 22.13 5,307,100 JNPR 12/22/2005 22.13 22.34 22.05 22.14 6,714,000 JNPR 12/23/2005 22.15 22.34 22.13 22.30 3,893,800 JNPR 12/26/2005 0.00 0.00 0.00 22.30 JNPR 12/27/2005 22.31 22.59 22.06 22.10 3,972,100 JNPR 12/28/2005 22.00 22.84 22.00 22.67 8,147,900 JNPR 12/29/2005 22.66 22.72 22.23 22.28 4,647,400 JNPR 12/30/2005 22.16 22.45 22.08 22.30 4,183,000 JNPR 1/2/2006 0.00 0.00 0.00 22.30 JNPR 1/3/2006 22.14 22.18 20.89 21.19 22,333,200 JNPR 1/4/2006 21.30 21.57 21.13 21.36 11,951,400 JNPR 1/5/2006 21.46 21.93 21.40 21.51 11,353,300 JNPR 1/6/2006 21.80 22.23 21.67 22.06 13,183,700 JNPR 1/9/2006 21.66 21.71 20.43 21.05 42,376,900 JNPR 1/10/2006 20.83 22.27 20.65 22.25 25,706,700 JNPR 1/11/2006 22.25 22.59 21.89 22.13 15,880,000 JNPR 1/12/2006 22.00 22.00 21.55 21.62 8,945,200 JNPR 1/13/2006 21.65 21.97 21.42 21.92 6,706,000 JNPR 1/16/2006 0.00 0.00 0.00 21.92 JNPR 1/17/2006 21.92 21.92 21.52 21.71 9,203,000 JNPR 1/18/2006 21.39 22.36 21.37 22.31 10,374,400 JNPR 1/19/2006 22.54 22.63 22.23 22.38 7,608,700 JNPR 1/20/2006 22.39 22.44 21.57 21.61 8,461,500 JNPR 1/23/2006 21.76 21.87 21.17 21.19 6,662,100 JNPR 1/24/2006 21.30 21.75 21.17 21.35 7,801,400 JNPR 1/25/2006 21.62 21.73 20.79 21.52 16,115,100 JNPR 1/26/2006 18.52 18.72 16.98 17.06 110,763,800

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JNPR 1/27/2006 17.29 17.48 16.98 17.48 33,977,600 JNPR 1/30/2006 17.91 18.45 17.89 18.30 26,547,300 JNPR 1/31/2006 18.60 18.65 17.99 18.13 27,394,500 JNPR 2/1/2006 17.91 18.41 17.91 18.29 12,913,300 JNPR 2/2/2006 18.26 18.41 17.98 18.05 14,752,600 JNPR 2/3/2006 18.00 18.50 17.92 18.37 16,664,300 JNPR 2/6/2006 18.35 18.68 18.33 18.66 10,843,100 JNPR 2/7/2006 18.63 18.88 18.55 18.82 15,853,100 JNPR 2/8/2006 19.16 19.21 18.87 18.96 12,514,300 JNPR 2/9/2006 19.00 19.16 18.80 18.80 6,655,800 JNPR 2/10/2006 18.87 19.25 18.40 19.21 12,755,600 JNPR 2/13/2006 18.90 19.08 18.55 18.65 7,455,900 JNPR 2/14/2006 18.76 19.04 18.51 19.00 9,122,400 JNPR 2/15/2006 18.84 19.20 18.79 19.13 5,841,600 JNPR 2/16/2006 19.18 19.19 18.58 18.62 11,623,100 JNPR 2/17/2006 18.68 18.68 17.94 17.97 21,135,900 JNPR 2/20/2006 0.00 0.00 0.00 17.97 JNPR 2/21/2006 18.05 18.05 17.22 17.45 25,295,600 JNPR 2/22/2006 17.70 17.94 17.46 17.74 17,296,300 JNPR 2/23/2006 17.75 18.03 17.59 17.82 6,776,300 JNPR 2/24/2006 17.76 17.95 17.51 17.67 10,495,600 JNPR 2/27/2006 17.71 18.01 17.55 17.89 6,558,500 JNPR 2/28/2006 17.85 18.46 17.80 18.39 12,426,600 JNPR 3/1/2006 18.39 19.70 18.37 19.65 25,567,300 JNPR 3/2/2006 19.45 19.85 19.20 19.58 9,735,700 JNPR 3/3/2006 19.31 19.80 19.29 19.60 6,494,200 JNPR 3/6/2006 19.45 19.80 19.30 19.66 11,786,100 JNPR 3/7/2006 19.56 19.89 19.50 19.59 8,021,500 JNPR 3/8/2006 19.51 19.69 19.11 19.35 11,012,600 JNPR 3/9/2006 19.42 19.53 18.94 19.11 6,442,900 JNPR 3/10/2006 19.12 19.20 18.58 18.90 8,277,200 JNPR 3/13/2006 18.90 19.32 18.88 18.95 4,839,100 JNPR 3/14/2006 19.19 20.25 19.10 20.21 20,530,500 JNPR 3/15/2006 20.24 20.50 19.92 20.28 13,377,300 JNPR 3/16/2006 20.19 20.40 19.52 19.56 11,985,700 JNPR 3/17/2006 19.64 19.72 19.26 19.45 9,992,900 JNPR 3/20/2006 19.45 19.76 19.39 19.50 5,807,300 JNPR 3/21/2006 19.50 20.10 19.30 19.36 6,483,100 JNPR 3/22/2006 18.87 19.20 18.67 18.99 10,013,800 JNPR 3/23/2006 18.95 19.15 18.85 19.05 5,234,000 JNPR 3/24/2006 19.24 19.89 19.15 19.25 11,692,800 JNPR 3/27/2006 19.49 19.59 19.25 19.34 5,889,900 JNPR 3/28/2006 19.29 19.52 18.96 19.06 6,800,100 JNPR 3/29/2006 19.16 19.50 18.96 19.42 7,286,200 JNPR 3/30/2006 19.36 19.50 19.09 19.17 9,386,900 JNPR 3/31/2006 19.16 19.40 19.07 19.12 9,586,800 JNPR 4/3/2006 19.38 19.39 18.85 18.87 10,049,600 JNPR 4/4/2006 18.94 19.21 18.75 18.86 10,453,800 JNPR 4/5/2006 18.90 19.25 18.77 18.95 8,461,900 JNPR 4/6/2006 19.00 19.02 18.75 18.92 8,530,600

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JNPR 4/7/2006 19.00 19.20 18.82 19.05 7,151,600 JNPR 4/10/2006 19.00 19.20 18.64 18.76 8,499,600 JNPR 4/11/2006 19.19 19.25 18.43 18.86 13,703,200 JNPR 4/12/2006 18.94 19.12 18.72 19.08 6,209,000 JNPR 4/13/2006 18.98 19.39 18.87 19.30 7,001,100 JNPR 4/14/2006 0.00 0.00 0.00 19.30 JNPR 4/17/2006 19.34 19.58 19.29 19.42 8,769,600 JNPR 4/18/2006 19.41 20.16 19.38 19.86 13,619,600 JNPR 4/19/2006 20.04 20.37 19.86 20.30 27,633,000 JNPR 4/20/2006 18.88 19.02 17.99 18.25 50,008,700 JNPR 4/21/2006 18.30 18.41 17.81 17.87 18,355,700 JNPR 4/24/2006 17.93 17.93 17.50 17.65 11,828,900 JNPR 4/25/2006 17.75 18.23 17.59 18.10 11,179,600 JNPR 4/26/2006 18.06 18.52 17.93 18.48 8,647,300 JNPR 4/27/2006 18.33 18.88 18.15 18.21 11,890,400 JNPR 4/28/2006 18.22 18.50 18.01 18.48 8,757,700 JNPR 5/1/2006 18.46 18.50 17.85 18.05 11,327,400 JNPR 5/2/2006 18.05 18.40 17.92 18.21 6,003,700 JNPR 5/3/2006 18.27 18.31 18.03 18.07 9,255,500 JNPR 5/4/2006 18.00 18.22 17.91 18.02 8,906,100 JNPR 5/5/2006 18.10 18.12 17.85 17.87 9,871,700 JNPR 5/8/2006 17.91 18.08 17.49 17.97 14,797,500 JNPR 5/9/2006 17.93 18.10 17.75 17.96 8,934,400 JNPR 5/10/2006 17.83 17.90 17.58 17.70 6,607,600 JNPR 5/11/2006 17.70 17.78 17.10 17.18 9,510,200 JNPR 5/12/2006 17.21 17.21 16.87 16.87 11,018,900 JNPR 5/15/2006 16.80 17.18 16.80 16.90 5,189,100 JNPR 5/16/2006 16.90 16.95 16.17 16.57 15,065,900 JNPR 5/17/2006 16.42 17.02 16.26 16.87 16,106,900 JNPR 5/18/2006 16.80 16.90 15.93 16.10 18,122,400 JNPR 5/19/2006 16.15 16.23 15.00 15.06 33,756,700 JNPR 5/22/2006 14.64 15.75 14.62 15.49 24,335,300 JNPR 5/23/2006 15.50 15.93 15.00 15.03 21,567,400 JNPR 5/24/2006 15.05 15.05 14.33 14.55 24,416,300 JNPR 5/25/2006 14.63 15.34 14.54 15.29 16,318,800 JNPR 5/26/2006 15.95 15.96 15.53 15.69 19,323,200 JNPR 5/29/2006 0.00 0.00 0.00 15.69 JNPR 5/30/2006 15.75 15.91 15.57 15.85 12,733,200 JNPR 5/31/2006 15.89 16.08 15.72 15.93 13,291,500 JNPR 6/1/2006 16.03 17.50 16.01 17.47 95,084,100 JNPR 6/2/2006 17.29 17.39 16.80 16.95 33,557,900 JNPR 6/5/2006 16.84 17.03 16.61 16.81 12,163,100 JNPR 6/6/2006 16.87 17.00 16.67 16.80 10,412,400 JNPR 6/7/2006 16.86 17.20 16.79 17.02 9,296,500 JNPR 6/8/2006 16.96 17.15 16.51 17.01 11,789,100 JNPR 6/9/2006 17.11 17.20 16.42 16.73 12,452,500 JNPR 6/12/2006 16.70 16.83 16.24 16.39 5,665,800 JNPR 6/13/2006 16.27 16.36 15.76 16.09 10,765,100 JNPR 6/14/2006 16.09 16.24 15.64 16.00 7,239,100 JNPR 6/15/2006 16.02 16.86 15.85 16.66 8,562,800

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JNPR 6/16/2006 16.64 17.01 16.55 16.75 8,885,900 JNPR 6/19/2006 16.80 16.90 15.87 15.89 14,654,700 JNPR 6/20/2006 15.81 16.14 15.73 15.92 8,163,700 JNPR 6/21/2006 15.82 16.23 15.82 15.83 7,784,900 JNPR 6/22/2006 15.88 16.01 15.67 15.80 5,692,000 JNPR 6/23/2006 15.69 15.92 15.63 15.82 7,555,100 JNPR 6/26/2006 15.79 16.03 15.71 15.83 5,985,400 JNPR 6/27/2006 15.78 15.94 15.40 15.42 4,757,600 JNPR 6/28/2006 15.52 15.59 15.19 15.58 4,437,900 JNPR 6/29/2006 15.57 16.04 15.54 16.02 6,883,200 JNPR 6/30/2006 16.06 16.19 15.88 15.99 8,665,500 JNPR 7/3/2006 16.10 16.20 15.94 16.18 2,196,300 JNPR 7/4/2006 0.00 0.00 0.00 16.18 JNPR 7/5/2006 15.90 16.14 15.80 15.91 4,307,300 JNPR 7/6/2006 15.92 16.05 15.85 16.01 3,952,700 JNPR 7/7/2006 15.89 16.02 15.51 15.72 5,506,500 JNPR 7/10/2006 15.74 15.83 15.17 15.42 6,895,300 JNPR 7/11/2006 15.27 15.39 14.97 15.12 10,616,000 JNPR 7/12/2006 15.12 15.15 14.44 14.45 11,460,000 JNPR 7/13/2006 14.38 14.82 14.18 14.35 10,722,600 JNPR 7/14/2006 14.30 14.41 14.02 14.09 8,824,000 JNPR 7/17/2006 14.15 14.60 14.05 14.28 6,321,000 JNPR 7/18/2006 14.29 14.55 13.89 14.32 7,355,300 JNPR 7/19/2006 14.32 14.53 14.02 14.14 19,147,100 JNPR 7/20/2006 14.21 14.76 14.01 14.06 33,681,200 JNPR 7/21/2006 13.97 13.98 13.54 13.63 15,097,200 JNPR 7/24/2006 13.68 13.94 13.61 13.77 7,136,500 JNPR 7/25/2006 13.77 13.85 13.42 13.70 9,497,500 JNPR 7/26/2006 13.79 13.84 13.37 13.41 9,980,000 JNPR 7/27/2006 13.36 13.59 13.11 13.33 8,026,400 JNPR 7/28/2006 13.36 13.70 13.33 13.67 9,883,500 JNPR 7/31/2006 13.60 13.72 13.45 13.45 4,374,400 JNPR 8/1/2006 13.21 13.39 13.18 13.29 5,672,500 JNPR 8/2/2006 13.30 13.39 13.19 13.23 6,955,300 JNPR 8/3/2006 13.17 13.36 12.98 13.20 10,763,900 JNPR 8/4/2006 13.40 13.46 13.04 13.13 4,577,100 JNPR 8/7/2006 13.11 13.22 12.89 13.00 6,394,000 JNPR 8/8/2006 13.13 13.15 12.80 12.92 4,977,000 JNPR 8/9/2006 13.40 13.73 13.34 13.41 10,185,400 JNPR 8/10/2006 13.33 13.44 12.76 12.90 14,311,000 JNPR 8/11/2006 12.54 12.65 12.09 12.20 34,694,400 JNPR 8/14/2006 12.27 12.69 12.23 12.44 11,289,200 JNPR 8/15/2006 12.60 13.49 12.60 13.49 15,675,700 JNPR 8/16/2006 13.50 13.79 13.21 13.78 10,191,200 JNPR 8/17/2006 13.75 14.00 13.67 13.83 5,856,900 JNPR 8/18/2006 13.75 14.09 13.70 13.99 6,921,900 JNPR 8/21/2006 13.89 14.12 13.80 13.98 5,257,800 JNPR 8/22/2006 14.00 14.11 13.86 13.96 3,908,300 JNPR 8/23/2006 14.01 14.01 13.44 13.50 5,326,900 JNPR 8/24/2006 13.51 13.65 13.31 13.44 5,145,000

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JNPR 8/25/2006 13.48 13.77 13.35 13.76 4,821,500 JNPR 8/28/2006 13.80 13.83 13.57 13.77 5,119,300 JNPR 8/29/2006 13.71 13.84 13.55 13.83 4,130,100 JNPR 8/30/2006 13.88 14.29 13.70 14.26 7,168,400 JNPR 8/31/2006 14.30 14.72 14.20 14.66 12,297,600 JNPR 9/1/2006 14.74 14.79 14.38 14.42 5,090,800 JNPR 9/4/2006 0.00 0.00 0.00 14.42 JNPR 9/5/2006 14.52 15.25 14.38 15.02 12,342,200 ]NPR 9/6/2006 14.95 15.16 14.70 14.77 8,296,800 JNPR 9/7/2006 14.76 14.80 14.15 14.38 9,217,000 JNPR 9/8/2006 14.43 14.51 14.24 14.38 8,808,600 JNPR 9/11/2006 14.30 14.37 13.95 14.24 8,664,100 JNPR 9/12/2006 14.21 14.68 14.15 14.53 9,409,000 JNPR 9/13/2006 14.63 15.45 14.60 15.21 12,992,000 JNPR 9/14/2006 15.20 15.49 15.01 15.39 8,509,400 JNPR 9/15/2006 15.46 15.70 15.08 15.32 10,551,800 JNPR 9/18/2006 15.38 15.82 15.38 15.59 8,455,300 JNPR 9/19/2006 15.82 16.27 15.54 15.91 11,569,300 JNPR 9/20/2006 16.15 16.36 16.10 16.25 13,138,400 JNPR 9/21/2006 16.49 16.86 16.45 16.58 15,401,100 JNPR 9/22/2006 16.48 16.50 15.95 16.17 10,348,400 JNPR 9/25/2006 16.28 17.00 16.24 16.86 11,913,100 JNPR 9/26/2006 16.73 17.28 16.60 17.15 10,508,500 JNPR 9/27/2006 17.18 17.45 17.10 17.29 13,858,400 JNPR 9/28/2006 17.35 17.52 17.19 17.34 7,464,700 JNPR 9/29/2006 17.43 17.46 17.20 17.28 9,108,700 JNPR 10/2/2006 17.18 17.34 16.70 16.77 10,927,700 JNPR 10/3/2006 16.77 17.16 16.50 17.09 10,478,000 JNPR 10/4/2006 17.03 17.86 16.93 17.75 15,344,500 JNPR 10/5/2006 17.65 18.25 17.39 18.20 12,116,200 JNPR 10/6/2006 18.12 18.15 17.73 18.10 6,968,500 JNPR 10/9/2006 18.14 18.34 17.74 17.84 8,022,500 JNPR 10/10/2006 17.76 17.88 17.20 17.33 12,713,200 JNPR 10/11/2006 17.15 17.52 16.63 16.79 22,254,200 JNPR 10/12/2006 17.08 17.50 16.91 17.48 10,986,500 JNPR 10/13/2006 17.47 17.51 17.06 17.45 8,509,800 JNPR 10/16/2006 17.42 17.79 17.42 17.77 8,065,300 JNPR 10/17/2006 17.60 17.67 17.09 17.36 8,758,900 JNPR 10/18/2006 17.47 17.67 17.16 17.62 15,482,000 JNPR 10/19/2006 17.98 18.70 17.96 18.56 26,323,600 JNPR 10/20/2006 18.72 18.79 17.83 17.96 19,928,100 JNPR 10/23/2006 17.88 17.97 17.50 17.61 8,713,000 JNPR 10/24/2006 17.65 17.72 16.94 17.03 25,756,200 JNPR 10/25/2006 16.65 17.17 16.57 16.94 14,443,200 JNPR 10/26/2006 16.94 17.30 16.86 17.16 7,693,800 JNPR 10/27/2006 17.23 17.47 16.81 16.93 7,597,300 JNPR 10/30/2006 16.93 17.20 16.81 17.10 5,962,400 JNPR 10/31/2006 17.21 17.40 17.12 17.22 7,748,900 JNPR 11/1/2006 17.34 17.41 17.02 17.12 6,931,000 JNPR 11/2/2006 17.15 17.25 16.83 16.95 5,804,500

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JNPR 11/3/2006 17.02 17.04 16.75 16.82 4,410,300 JNPR 11/6/2006 16.81 17.79 16.81 17.70 10,331,900 JNPR 11/7/2006 17.62 18.23 17.60 18.09 11,192,300 JNPR 11/8/2006 18.00 18.79 17.90 18.69 15,215,500 JNPR 11/9/2006 19.51 19.97 19.29 19.65 27,297,400 JNPR 11/10/2006 19.60 19.65 19.02 19.48 8,477,100 JNPR 11/13/2006 19.58 19.75 19.25 19.31 11,984,900 JNPR 11/14/2006 19.29 19.70 19.10 19.65 8,634,000 JNPR 11/15/2006 19.57 20.00 19.29 19.94 9,552,600 JNPR 11/16/2006 20.00 20.22 19.80 20.00 7,045,800 JNPR 11/17/2006 19.69 20.37 19.69 20.31 7,576,100 ]NPR 11/20/2006 20.15 20.50 20.03 20.48 7,190,400 JNPR 11/21/2006 21.42 21.50 21.10 21.42 16,563,900 JNPR 11/22/2006 21.30 21.57 21.05 21.56 7,023,600 JNPR 11/23/2006 0.00 0.00 0.00 21.56 JNPR 11/24/2006 21.38 21.49 21.01 21.27 2,502,000 JNPR 11/27/2006 21.19 21.39 20.17 20.29 9,834,900 JNPR 11/28/2006 20.24 20.77 20.15 20.68 7,973,200 JNPR 11/29/2006 20.75 21.13 20.55 20.89 8,778,400 JNPR 11/30/2006 20.81 21.50 20.70 21.29 9,587,300 JNPR 12/1/2006 21.39 21.78 20.64 20.78 9,859,900 JNPR 12/4/2006 20.80 21.00 20.36 20.71 9,854,600 JNPR 12/5/2006 20.85 20.86 20.49 20.63 7,607,700 JNPR 12/6/2006 20.53 20.59 20.09 20.20 8,675,300 JNPR 12/7/2006 20.17 20.54 20.00 20.02 7,561,900 JNPR 12/8/2006 20.01 20.30 19.70 20.02 4,318,000 JNPR 12/11/2006 19.96 20.36 19.88 20.34 8,108,200 JNPR 12/12/2006 20.25 20.52 20.05 20.09 5,390,200 JNPR 12/13/2006 20.19 20.33 19.64 19.68 7,988,100 JNPR 12/14/2006 19.67 20.46 19.62 20.37 10,427,000 JNPR 12/15/2006 20.48 20.67 19.52 19.80 14,472,600 JNPR 12/18/2006 19.81 20.10 19.46 19.59 8,485,700 JNPR 12/19/2006 19.34 19.45 19.13 19.25 11,661,800 JNPR 12/20/2006 18.75 19.28 18.40 19.20 21,148,600 JNPR 12/21/2006 18.56 19.47 18.56 19.36 12,910,100 JNPR 12/22/2006 19.31 19.36 18.54 18.77 8,309,800 JNPR 12/25/2006 0.00 0.00 0.00 18.77 JNPR 12/26/2006 18.91 18.99 18.76 18.85 4,546,100 JNPR 12/27/2006 19.00 19.00 18.72 18.80 3,462,700 JNPR 12/28/2006 18.86 19.10 18.75 19.02 4,534,000 JNPR 12/29/2006 18.99 19.25 18.89 18.94 4,356,600 JNPR 1/1/2007 0.00 0.00 0.00 18.94 JNPR 1/2/2007 0.00 0.00 0.00 18.94 JNPR 1/3/2007 19.22 19.76 18.93 19.23 11,907,600 JNPR 1/4/2007 19.17 19.70 18.59 19.50 8,848,600 JNPR 1/5/2007 19.40 19.98 19.26 19.93 9,646,600 JNPR 1/8/2007 19.98 20.50 19.74 20.23 12,015,500 JNPR 1/9/2007 20.25 20.34 19.72 20.06 9,728,100 JNPR 1/10/2007 19.84 20.38 19.75 20.28 4,352,600 JNPR 1/11/2007 20.45 20.92 20.16 20.67 6,449,000

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JNPR 1/12/2007 20.52 20.65 20.13 20.58 6,196,800 JNPR 1/15/2007 0.00 0.00 0.00 20.58 JNPR 1/16/2007 20.65 20.89 20.38 20.77 6,683,600 JNPR 1/17/2007 20.63 20.88 20.02 20.10 8,280,800 JNPR 1/18/2007 20.15 20.19 19.37 19.53 11,042,200 JNPR 1/19/2007 19.44 19.77 19.33 19.51 6,845,600 ]NPR 1/22/2007 19.41 19.50 18.83 19.13 9,098,500 JNPR 1/23/2007 18.77 19.05 18.57 18.68 10,550,500 JNPR 1/24/2007 18.86 19.15 18.69 18.99 5,235,200 JNPR 1/25/2007 18.76 18.93 18.40 18.46 6,358,000 JNPR 1/26/2007 18.95 19.15 18.68 18.96 16,088,000 JNPR 1/29/2007 18.83 19.78 18.76 19.48 14,185,300 JNPR 1/30/2007 19.59 19.90 19.24 19.82 17,554,900 JNPR 1/31/2007 18.62 18.85 17.84 18.12 29,989,900 JNPR 2/1/2007 18.22 18.25 17.85 17.98 10,414,300 JNPR 2/2/2007 17.94 18.31 17.92 18.20 6,978,300 JNPR 2/5/2007 18.12 18.57 18.11 18.45 5,449,100 JNPR 2/6/2007 18.60 18.75 18.26 18.63 7,057,300 JNPR 2/7/2007 19.00 19.30 18.91 19.21 10,769,500 JNPR 2/8/2007 19.09 20.19 18.95 20.08 18,223,700 JNPR 2/9/2007 20.00 20.08 19.06 19.21 14,474,500 JNPR 2/12/2007 19.36 19.57 19.05 19.29 5,937,500 JNPR 2/13/2007 19.49 19.49 19.05 19.15 6,963,100 JNPR 2/14/2007 19.23 19.75 19.23 19.66 5,456,400 JNPR 2/15/2007 19.63 19.95 19.63 19.86 7,426,100 JNPR 2/16/2007 19.85 19.89 19.57 19.69 4,117,400 JNPR 2/19/2007 0.00 0.00 0.00 19.69 JNPR 2/20/2007 19.74 20.03 19.50 19.97 4,697,600 JNPR 2/21/2007 19.76 19.84 19.47 19.55 5,860,100 JNPR 2/22/2007 19.65 19.69 19.40 19.50 6,481,400 JNPR 2/23/2007 19.55 19.90 19.45 19.78 6,326,400 JNPR 2/26/2007 19.83 19.95 19.46 19.61 3,775,200 JNPR 2/27/2007 19.06 19.40 18.45 18.53 8,557,400 JNPR 2/28/2007 18.50 18.98 18.50 18.91 7,826,100 JNPR 3/1/2007 18.38 18.89 18.30 18.69 7,193,900 JNPR 3/2/2007 18.47 18.60 18.16 18.40 7,994,200 JNPR 3/5/2007 18.31 18.58 17.96 17.97 6,963,600 JNPR 3/6/2007 18.11 18.59 18.11 18.51 5,921,600 JNPR 3/7/2007 18.42 18.49 18.05 18.10 7,152,900 JNPR 3/8/2007 18.31 18.49 18.28 18.41 4,321,300 JNPR 3/9/2007 18.65 18.69 18.09 18.31 6,511,700 JNPR 3/12/2007 18.48 19.11 18.41 18.45 11,173,100 JNPR 3/13/2007 18.23 18.43 17.67 17.74 16,918,000 JNPR 3/14/2007 17.40 18.11 17.21 18.09 14,389,800 JNPR 3/15/2007 18.15 18.59 18.02 18.35 9,143,600 JNPR 3/16/2007 18.30 18.49 17.88 18.01 11,166,800 JNPR 3/19/2007 18.05 18.20 17.94 17.97 10,069,200 JNPR 3/20/2007 18.10 18.85 18.08 18.75 16,329,200 JNPR 3/21/2007 18.70 19.25 18.65 19.24 8,506,700 JNPR 3/22/2007 19.45 19.49 19.17 19.28 7,598,400

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JNPR 3/23/2007 19.28 19.68 18.82 18.95 9,260,000 JNPR 3/26/2007 19.02 19.62 19.00 19.62 9,530,900 JNPR 3/27/2007 19.49 19.54 19.27 19.45 6,462,700 JNPR 3/28/2007 19.39 19.84 19.33 19.62 9,628,100 JNPR 3/29/2007 19.80 20.00 19.62 19.91 10,542,600 JNPR 3/30/2007 19.84 20.03 19.65 19.68 6,609,500 JNPR 4/2/2007 19.68 20.17 19.63 20.09 8,790,200 JNPR 4/3/2007 20.25 20.72 20.13 20.54 8,018,200 JNPR 4/4/2007 20.52 20.70 20.39 20.65 7,433,600 JNPR 4/5/2007 20.53 20.65 20.45 20.57 4,760,700 JNPR 4/6/2007 0.00 0.00 0.00 20.57 JNPR 4/9/2007 20.57 20.86 20.49 20.79 5,711,900 JNPR 4/10/2007 20.69 21.01 20.69 20.98 8,301,500 JNPR 4/11/2007 21.01 21.13 20.45 20.51 7,438,400 JNPR 4/12/2007 20.53 20.58 20.34 20.48 9,084,400 JNPR 4/13/2007 20.48 20.75 20.32 20.59 9,093,900

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EXHIBIT 2 Juniper Networks :: Juniper Networks Responds to Option-Related Inquiry Page 1 of 1 6-cv-04327-JW Document 83-3 Filed 06/07/2007 Page 2 of 2 .N.Junipers NETWORKS

PRESS RELEASE 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 is a registered trademark of Juniper Networks, Inc. in the United States and other countries.

Media Contact

Juniper Networks Susan Ursch Phone: 978-589-0124 E-mail: sursch ,iuniper.net

Investor Relations Contact

Juniper Networks Michelle Levine Phone : 408-936-2775 E-mail: [email protected]

Copyright ©1998-2007, Juniper Networks, Inc. All Rights Reserved.

Email Thls Page 17 http://www.juniper.net/company/presscenter/pr/2006/pr-060522a.html 4/10/2007 Case 5:06-cv-04327-JW Document 83-4 Filed 06/07/2007 Page 1 of 8

EXHIBIT 3 Case 5 : 06-cv-04327-JW Document 83-4 Filed 06/07/2007 Page 2 of 8

Table of Contents

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark one)

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2006 OR

q TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-26339 JUNIPER NETWORKS INC. (Exact name of registrant as specified in its charter)

Delaware 77-0422528

(State or other jurisdiction of (IRS Employer Identification No.) incorporation or organization)

1194 North Mathilda Avenue Sunnyvale, California 94089 (408) 745-2000

(Address of principal executive offices, including (Registrant's telephone number, including zip code) area code) Securities registered pursuant to Section 12(b) of the Act: Common stock, $0.00001 par value Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes q No Rl Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act Yes q No 0 Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filings requirements for the past 90 days. Yes 0 No q Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of the Registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of the Form 10-K or any amendment to this Form 10-K. 0 Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of "accelerated filer and large accelerated filer" in Rule 12b-2 of the Exchange Act. (Check one): Large accelerated filer 0 Accelerated filer q Non-accelerated filed q Indicate by check mark whether the registrant is a shell company (as defined in Exchange Act Rule 12b-2 of the Exchange Act). Yes q No Rl The aggregate market value of the Common Stock held by non-affiliates of the Registrant was approximately $5,844,000,000 as of the end of the Registrant's second fiscal quarter (based on the closing price for the Common Stock on the NASDAQ National Market on June 30, 2006). As of February 28, 2007 there were approximately 569,234,000 shares of the Registrant's Common Stock outstanding. DOCUMENTS INCORPORATED BY REFERENCE As noted herein, the information called for by Part III is incorporated by reference to specified portions of the Registrant's definitive proxy statement to be filed in conjunction with the Registrant's 2007 Annual Meeting of Stockholders, which is expected to be filed not later than 120 days after the Registrant's fiscal year ended December 31, 2006. Case 5:06-cv-04327-JW Document 83-4 Filed 06/07/2007 Page 3 of 8

Table of Contents

installed base of In 2006, we had major Next Generation Network ("NGN") wins in the service provider marketplace, helping us to achieve an overall equipment for the over 2,500 units of the T-series in North America, EMEA and selected countries in Asia. We saw significant success in carriers selecting and an core of their networks designed to provide multiple types of services, such as voice, data and video, so called "multi-play", a strategic focus for us important growth opportunity for the future. We have also seen an increased level of interest in our SLT portfolio and a growing number of service providers using our SLT products for both managed service offerings and outsourced solutions for their customers. In fact, the number of service providers buying our SLT products increased 50% from 2005 to 2006. We successfully delivered the products we planned to deliver in 2006 despite the risks associated with the long length of product development, testing and acceptance cycles involved with these products in these markets. We have made good progress in 2006 and we are building a product portfolio in a market with solid demand for IP infrastructure. Restatement ofPreviously Issued Financial Statements In this Form 10-K as of and for the year ended December 31, 2006 (the "2006 Form IO-K"), we are restating our consolidated balance sheet as of December 31, 2005 and the related consolidated statements of operations, shareholders' equity, and cash flows for each of the fiscal years ended December 31, 2005 and 2004 as a result of an independent stock option investigation commenced by the Board of Directors and Audit Committee. This restatement is more fully described in Note 2, "Restatement of Consolidated Financial Statements," to Consolidated Financial Statements and in Item 7, "Management's Discussion and Analysis of Financial Condition and Results of Operations". This 2006 Form 10-K will also reflect the restatement of "Selected Consolidated Financial Data" in Item 6 for the fiscal years ended December 31, 2005, 2004, 2003 and 2002. In addition, we are restating our unaudited quarterly financial information and financial statements for interim periods of 2005, and unaudited condensed financial statements for the three months ended March 31, 2006. Financial information included in the reports on Form 10-K, Form 10-Q and Form 8-K filed by us prior to August 10, 2006, and the related opinions of our independent registered public accounting firm, and all earnings press releases and similar communications issued by us, prior to August 10, 2006 should not be relied upon and are superseded in their entirety by this Report and other reports on Form 10-Q and Form 8-K filed by us with the SEC on or after August 10, 2006. Stock Option Investigation On May 22, 2006, we issued a press release and Form 8-K announcing that we had received a request for information relating to our stock option granting practices from the U.S. Attorney's Office for the Eastern District of New York. In the same press release and Form 8-K, we announced that our Board of Directors (the "Board") had directed the Board's Audit Committee, comprised of outside directors, to conduct a review of our stock option granting practices. On May 24, 2006, we received a letter from the SEC indicating that the SEC was conducting an inquiry regarding Juniper Networks. The investigation was conducted with the assistance of independent counsel and forensic accountants (collectively the "Investigative Team"). The investigation focused on all stock option grants made to all employees, officers, directors and consultants during the period following our initial public offering ("IPO") on June 24, 1999 to May 23, 2006 (the "relevant period"). In addition, the Audit Committee investigation involved testing and analyses of our hiring, termination, leave of absence, grant notification and exercise practices regarding stock options and certain issues regarding grants made before the IPO. The scope of the investigation did not include a review of options granted by companies acquired by us. All of the companies acquired by us, with one exception, were privately held companies. None of the acquisitions was accounted for as a pooling of interests. All of the acquisitions were accounted for under the purchase method as provided by Statement of Financial Standards No. 141, Business Combinations and its predecessor Accounting Principles Board Opinion No. 16, Business Combinations. In connection with the investigation, more than 785,000 physical and electronic documents were reviewed and 35 current and former directors, officers, employees and agents were interviewed. On December 20, 2006, we announced key findings of the Audit Committee. Key findings of the Audit Committee are: • There were numerous instances in which grant dates were chosen with the benefit of hindsight as to the price of our stock, so as to give favorable exercise prices. In this regard, the Audit Committee identified serious concerns regarding the actions of certain former management in connection with the stock option granting process

Formal documentation of stock option grants often lagged the referenced grant date

Grants were made by persons or committees who did not have the proper authority to make the grants in question

Management failed to exercise sufficient responsibility for the stock option granting process 32 Case 5:06-cv-04327-JW Document 83-4 Filed 06/07/2007 Page 4 of 8

Table of Contents differ from the recorded • Our CEO, Scott Kriens, received two stock option awards whose measurement dates for financial accounting purposes grant dates for such awards. However, both options were exchanged and cancelled unexercised in 2001 as part of a company-wide option re-pricing program. Mr. Kriens has not exercised any stock options since 1998, approximately nine months before our IPO

• There were substantial changes to our granting procedures after June 9, 2003 and again in 2005. No grants subsequent to 2004 required new measurement dates

• There was no improper conduct by our Compensation Committee or Board of Directors regarding the granting of stock options by those bodies

Our Audit Committee expressed their continuing confidence in Scott Kriens and the current management of the Company Consistent with the accounting literature and recent guidance from the SEC, we have organized the grants during the relevant period into categories based on grant type and the process by which the grant was finalized. We analyzed the evidence from the Audit Committee's investigation related to each category including, but not limited to, physical documents, electronic documents, underlying electronic data about documents, and witness interviews. Based on the relevant facts and circumstances, we applied the then appropriate accounting standards to determine, for every grant within each category, the proper measurement date. If the measurement date was not the originally assigned grant date, accounting adjustments were made as required, resulting in stock-based compensation expense and related tax effects. Grants made by our Board ofDirectors or Compensation Committee to Officers or Directors We have concluded that the measurement dates of several grants to executive officers who were "reporting persons" as that term is defined under Section 16 of the Securities Exchange Act of 1934, as amended, ("Officers") and members of the Board of Directors made between June 1999 and June 2003 were incorrect. In general, during the relevant period, the Board or the Compensation Committee of the Board made grants to Officers and directors. Grants were sometimes approved at meetings of these bodies or by action by unanimous written consent. There were several instances in which grants to Officers or directors were given grant dates (and corresponding exercise prices) prior to the date on which formal corporate action making the grant was taken. In general, this appears to have been done to make the grant date coincide with either a specific event, such as the appointment or re-election of a director or with the purported date options were granted to non-Officers. In these cases, we have determined that the correct measurement date is the date on which our Board or Compensation Committee took the action to approve the grant. We also identified instances in which grants to Officers were granted effective upon a future event, such as the commencement of employment or closing of an acquisition. In these cases, we have determined that the date of the future event is the correct measurement date for such grants. We also identified instances where grants to Officers were made by a body not authorized by our Board to make grants to Officers and were subsequently ratified by our Board. In those instances, we determined that the correct measurement date is the date on which such ratification occurred. In connection with the application of these measurement principles, and after accounting for forfeitures, we have adjusted the measurement of compensation cost for options covering 5.6 million shares of common stock resulting in an incremental stock-based compensation expense of $80.3 million on a pre-tax basis over the respective awards' vesting terms. In addition, there was one other grant to an Officer where approval of such grant was not reflected in minutes of a meeting or an action by unanimous written consent of our Board of Directors or the Compensation Committee. For that grant, the measurement date was determined based on the terms of the Officer's offer letter and the date his employment commenced. With respect to that grant, we have adjusted the measurement of compensation cost for options covering 1.5 million shares of common stock resulting in an incremental stock-based compensation expense of $6.5 million on a pre-tax basis over the award's vesting terms after accounting for forfeitures. Grants to Non-Officers We have concluded that the measurement dates of a large number of grants to non-Officers during the period between June 1999 and December 2004 were incorrect. Our practice has been to grant stock options, except where prohibited, to nearly all full-time employees in connection with joining us. To facilitate the granting of options to our rapidly growing workforce, the Board of Directors established a Stock Option Committee to grant options to non-Officer employees. Between June 1999 and June 2003, the dates for a large number of grants made by our Stock Option Committee were chosen with the benefit of hindsight as to the price of our stock, so as to give favorable exercise prices. Moreover, our Stock Option Committee's process for finalizing and documenting these grants was often completed after the originally assigned grant date. Beginning with grants dated June 20, 2003, we implemented a number of new procedures and policies regarding the granting of options to non-Officer employees. After that, we have concluded that the pattern of consciously looking back for the most favorable dates for the employees ceased. However, the documentation and written approvals of grant dates still generally trailed the recorded grant dates. Based on all available facts and circumstances, the originally recorded 33 Case 5:06-cv-04327-JW Document 83-4 Filed 06/07/2007 Page 5 of 8

Table of Contents measurement dates for the grants made by our Stock Option Committee during the period from July 1999 through December 2004 can not be relied upon in isolation as the correct measurement dates. In 2005, we made additional changes to our procedures. No grants in 2005 and 2006 required new measurement dates. APB 25 defines the measurement date for determining stock-based compensation expense as the first date on which both (I) the number of shares that an individual employee is entitled to receive and (2) the option or purchase price, are known. Throughout the relevant period, the Company's stock administration department entered the option grant information for grants made by the Stock Option Committee into its Equity Edge stock administration system. This system was used to monitor and administer our stock option program. The data in Equity Edge were sent on a regular basis to designated brokers, allowing grantees to view their options information in their accounts via the Internet. For grants made by the Stock Option Committee between June 1999 and December 2004, where there is no other reliable objective evidence pointing to an earlier single specific date that the number of shares and the individuals entitled to receive them and the price had become final, we have determined the Equity Edge entry date to be the most reliable measurement date for calculating additional stock-based compensation expense under APB 25. Using this measurement date, and after accounting for forfeitures, we have adjusted the measurement of compensation cost for options covering 74.2 million shares of common stock resulting in an incremental stock-based compensation expense of $636.7 million on a pre-tax basis over the respective awards' vesting terms. In many of the cases where the Equity Edge entry date was used as the measurement date, the formal Stock Option Committee granting documentation (consisting of unanimous written consents or minutes and related lists of recipients, amounts and types of awards) was not created or completed until a later date. Because the awards listed in the formal granting documentation did not differ from the grants entered into Equity Edge, the notice of the awards was made available to employees prior to the creation or completion of the granting documents, and because the completion of the documentation was treated as perfunctory, we determined that the Equity Edge entry date was the proper measurement date under APB 25 rather than the date the Stock Option Committee granting documentation was completed. In a number of cases, there was reliable objective evidence pointing to a single specific date that the number of shares and the individuals entitled to receive them and the price had become final. Such evidence primarily consisted of electronic data indicating that the granting instrument and schedule were created prior to the Equity Edge entry date. We also relied on other evidence such as emails or written agreements to determine the date certain options became final. Such evidence was used to determine the measurement dates for options for which we have adjusted the measurement of compensation cost for options covering 27.9 million shares of common stock resulting in incremental stock-based compensation expense of $141.2 million on a pre-tax basis over the respective awards' vesting terms. We also concluded that there were instances in which clerical errors or omissions regarding the persons to receive an award or the number of options to be granted were corrected after the date of award. In the case of most additions made to correct omissions and other corrections that were not reflected on the grant documentation at the time of the applicable grant date or in documentation existing at the time of grant, we have determined that a new measurement date should be established. We considered whether certain of such changes or additions should give rise to variable accounting treatment and concluded that such treatment was not appropriate because the grants represented independent decisions or events rather than a continuation or modification of the other grants. We believe that the correct measurement date for these grants is the date Stock Administration entered the correction or addition into Equity Edge, except where objective evidence identifies an earlier date on which the correction was approved. After accounting for forfeitures, we have adjusted the measurement of compensation cost for options covering 1.3 million shares of common stock resulting in incremental stock-based compensation of $11.9 million on a pre-tax basis over the respective awards' vesting terms. Stock Option Grant Modifications Connected with Terminations or Leaves ofAbsences and Other Matters Compensation expense was also recognized as a result of modifications that were made to certain employee option grant awards in connection with certain employees' terminations or leaves of absence. Typically such modifications related to extensions of the time employees could exercise options following their termination of employment or that enabled the employee to vest in additional shares in relation to a leave of absence. For example, in connection with reductions in work force in 2001 and 2002, we increased the period for affected employees to exercise their options from 30 days to 90 days. We have incremental stock-based compensation expense associated with such terminations or leaves of absence of $20.0 million on a pre-tax basis in the period of modification. Compensation expense of $0.2 million on a pre-tax basis was also recognized as a result of non-employee grants to consultants in exchange for services and other matters. 34 Case 5:06-cv-04327-JW Document 83-4 Filed 06/07/2007 Page 6 of 8

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Judement In light of the significant judgment used in establishing revised measurement dates, alternate approaches to those used by us could have resulted in different compensation expense charges than those recorded by us in the restatement. We considered various alternative approaches. For example, in those cases where the formal documentation of a grant was completed after the date the grant was entered in Equity Edge, an alternative measurement date to using the Equity Edge entry date could be the creation date of the documentation. Changing the measurement dates for grants made by our Stock Option Committee from the Equity Edge entry date to the later of the electronic data creation date of the unanimous written consent or the related schedule of grants would cause the pre-tax compensation charges of $636.7 million discussed above to increase by approximately $10.6 million. Conversely, where we established a new measurement date prior to the Equity Edge entry date for grants made by our Stock Option Committee to non-Officers based on other evidence, such as the electronic data indicating the initial creation date of the granting instrument and schedule, an alternative measurement date could be the Equity Edge entry date. Changing the measurement dates for these grants by the Stock Option Committee from a date prior to Equity Edge entry date to the Equity Edge entry would increase the $141.2 million of the pre-tax compensation charges discussed above by approximately $37.7 million. We believe that the approaches we used were the most appropriate under the circumstances. Summary ofStock-Based Compensation Adjustments We adjusted the measurement dates for options covering a total of 110.5 million, or 76%, of the 146.0 million shares of common stock covered by options granted during the relevant period. The impact from on the consolidated statement of operations from recognizing stock-based compensation expense through December 31, 2006 resulting from the investigation is summarized as follows (in millions):

Fiscal Year Pre-Tax Expense After Tax Expense 1998 $ - $ - 1999 15.3 15.3 2000 283.3 201.6 2001 513.1 488.1 2002 48.0 48.0 2003 19.4 8.6 Subtotal 879.1 761.6 2004 10.9 7.5 2005 4.7 3.3

Total $ 894.7 $ 772.4

In addition to the $894.7 million recognized through fiscal 2005, $2.1 million of unamortized deferred compensation remained as of December 31, 2005, bringing the total incremental impact from the investigation to approximately $896.8 million. As required by SFAS 123R, which was adopted on January 1, 2006, the unamortized deferred compensation of $2.1 million has been reclassified to additional paid-in capital, along with the unamortized deferred compensation for stock options assumed from past acquisitions, in our consolidated balance sheet. Beginning in 2006, the incremental amortization resulting from the investigation is included in stock-based compensation expense under the provisions of Statement of Financial Accounting Standards No. 123 (revised 2004), "Share-Based Payment" ("SFAS 123R"). The incremental stock-based compensation expense from the restatement of employee stock options was $0.6 million, on a pre-tax basis, for the year ended December 31, 2006. Other Matters After considering all available evidence, primarily the then current 2005 operating projections of future income, which remain appropriate, we have concluded that the previously recorded valuation allowance related to the tax benefit of stock options deductions should have been reversed in the fourth quarter of 2005. Accordingly, we decreased the valuation allowance as of December 31, 2005 by $158.0 million with a corresponding credit to additional paid in capital. The remaining valuation allowance balance of $40.6 million relates to capital losses which will carry forward to offset future capital gains. Additionally, we misclassified the tax benefit from deductions from stock options assumed in acquisitions. Accordingly, we have reduced additional paid-in capital for the years ended December 31, 2005 and 2004 by $6.0 million and $18.5 million, respectively, with a corresponding decrease to goodwill. The total reduction to both additional paid-in capital and goodwill as of December 31, 2005 was $24.5 million. 35 Case 5:06-cv-04327-JW Document 83-4 Filed 06/07/2007 Page 7 of 8

Table of Contents

Because virtually all holders of options issued by us were not involved in or aware of the incorrect pricing, we have taken and intend to take actions to deal with certain adverse tax consequences that may be incurred by the holders of certain incorrectly priced options. The primary adverse tax consequence is that incorrectly priced stock options vesting after December 31, 2004 may subject the option holder to a penalty tax under IRC Section 409A (and, as applicable, similar penalty taxes under California and other state tax laws). We recorded $10.1 million as other charges in operating expense for 2006 in relation to these items and other tax related items. We expect to incur future charges to resolve the adverse tax consequences of incorrectly priced options We misclassified the gains and losses from the retirement of our treasury shares in fiscal 2004. Accordingly, we reduced our retained earnings (accumulated deficit) as of December 31, 2004 and 2005 by $63.6 million with a corresponding increase to additional paid-in capital. The impact of recognizing additional stock compensation and other adjustments on each component of stockholders' equity at the end of each year is summarized as follows (in millions):

Common Stock & Additional Paid-In Deferred Stock Net Impact to Fiscal Year Capital Compensation Accumulated Deficit Stockholders ' Equity 1998 $ - S - $ - $ - 1999 215.3 (200.0) (15.3) - 2000 479.6 (278.0) (201.6) - 2001 74.9 413.2 (488.1) - 2002 21.5 26.5 (48.0) - 2003 (10.6) 19.2 (8.6) -

Subtotal 780.7 (19.1) (761.6) - 2004 41.3 11.3 (71.1) (18.5) 2005 204.6 5.7 (3.3) 207.0

Total $ 1,026.6 $ (2.1) $ (836.0) $ 188.5

NASDAQ Listing Status In August 2006, we received a NASDAQ Staff Determination letter stating that, as a result of the delayed filing of our quarterly report on Form 10-Q for the quarter ended June 30, 2006 (the "Second Quarter Form 10-Q"), we were not in compliance with the filing requirements for continued listing as set forth in Marketplace Rule 4310(c)(14) and were therefore subject to delisting from the NASDAQ Global Select Market. In November 2006, we received an additional letter from NASDAQ of similar substance related to our Form l0-Q for the quarter ended September 30, 2006 (the "Third Quarter Form 10-Q"). In December 2006, the NASDAQ Listing Qualifications Panel granted our request for continued listing, provided that we file a written summary of our audit committee's findings with NASDAQ as well as the Second Quarter Form 10-Q, the Third Quarter Form 10-Q and any required restatements with the SEC on or before February 12, 2007. In January 2007, we received a notice from the NASDAQ Listing and Hearings Review Council which advised us that any delisting determination by the NASDAQ Listing Qualifications Panel has been stayed pending further review by the Review Council. We have been given until March 30, 2007 to submit additional information to assist the Review Council in their assessment of our listing status. On February 20, 2007, we filed a written summary of our Audit Committee's findings with NASDAQ. In addition, on March 9, 2007, we filed the Second Quarter Form IO-Q and the Third Quarter Form I O-Q with the SEC. We consider that the filing of these materials has remedied our non-compliance with Marketplace Rule 4310(c)(14), subject to NASDAQ's affirmative completion of its compliance protocols and its notification to us accordingly. However, if NASDAQ disagrees with our position or if the SEC disagrees with the manner in which we have accounted for and reported, or not reported, the financial impact of past stock option grants, there could be further delays in filing subsequent SEC reports or other actions that might result in delisting of our common stock from the NASDAQ Global Select Market. Impairment of Goodwill and Intangible Assets We recorded a $1,280.0 million non-cash goodwill impairment charge in our consolidated statements of operations within the SLT segment to adjust the estimated carrying value of our goodwill for the three and six months ended June 30, 2006. The impairment of goodwill was primarily attributable to the decline in the Company's market capitalization that occurred over a period of approximately six months prior to the impairment review and, to a lesser extent, a decrease in the forecasted future cash flows used in the income approach. Future impairment indicators, including further declines in our market capitalization or a decrease in revenue or profitability levels, could require additional impairment charges to be recorded. 36 Case 5:06-cv-04327-JW Document 83-4 Filed 06/07/2007 Page 8 of 8

Table of Contents

We evaluate long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. An asset is considered impaired if its carrying amount exceeds the undiscounted future net cash flow the asset is expected to generate. If an asset is considered to be impaired, the impairment charge to be recognized is measured by the amount by which the carrying amount of the asset exceeds its estimated fair value. We assess the recoverability of our long-lived and intangible assets by determining whether the unamortized balances can be recovered through undiscounted future net cash flows of the related assets. The amount of impairment, if any, is measured based on projected discounted future net cash flows. In 2006 and 2005, we recorded impairment charges of $3.4 million and $5.9 million, respectively, related to certain Kagoor purchased intangibles as a result of a significant reduction in our forecasted revenue associated with the session border control products. Stock-Based Compensation We adopted the fair value recognition provisions of SFAS 123R effective January 1, 2006, using the modified prospective transition method and, therefore, have not revised prior periods' results. During 2006, we issued stock options to the members of our Board ("outside directors") and stock options, restricted stock units ("RSUs") and shares of common stock pursuant to equity incentive plans. Prior to the adoption of SFAS 123R, our Board of Directors approved the acceleration of the vesting of certain unvested and "out-of-the-money" stock options that had an exercise price per share equal to or greater than $22.00, all of which were previously granted under our stock option plans and that were outstanding on December 16, 2005. The options accelerated excluded options previously granted to certain employees, including all of the executive officers and the Board of Directors of Juniper Networks. Under SFAS 123R, we recorded pre-tax stock-based compensation expense of $87.6 million in 2006 compared to $22.3 million in 2005 when we recognized stock-based compensation expense under the intrinsic value recognition provisions of APB Opinion No. 25, Accounting for Stock Issued to Employees ("APB 25"). Beginning in May 2006, we have adopted the 2006 Equity Incentive Plan ("2006 Plan") which provides for a maximum term of seven years from the grant date for non-statutory stock options and for incentive stock options (except that the maximum term is five years from the grant date for incentive stock options granted to a holder of more than 10% of the Company's stock). The 2006 Plan also provides for a defined option granting schedule for our outside directors. Details of the 2006 Plan are described in Note 6, "Stockholders' Equity," in Notes to Consolidated Financial Statements of this Form 10-K. Stock Repurchase Activities In July 2004, our Board of Directors authorized a stock repurchase program. This program authorized repurchases of up to $250.0 million of our common stock. In the first quarter of 2006, we repurchased and retired 10,071,100 shares of common stock at an average price of $18.51 per share as part of our Common Stock Repurchase Program. No shares were repurchased after the three months ended March 31, 2006. As of December 31, 2006, a total of 12,939,700 common shares had been repurchased and retired since the inception of the program, equating to approximately $250.0 million at an average price of $19.32 per share. In July 2006, our Board authorized a new stock repurchase program under which we are authorized to repurchase up to $1.0 billion of our Company's common stock. In February 2007, our Board approved an increase of $1.0 billion under this new share repurchase program. Coupled with the original $1.0 billion approved in July 2006, we are now authorized to repurchase up to $2.0 billion of our common stock. Purchases under this plan will be subject to a review of the circumstances in place at the time. Acquisitions under the share repurchase program will be made from time to time as permitted by securities laws and other legal requirements. The program may be discontinued at any time. Business Acquisitions We had no acquisitions in the year ended December 31, 2006. We completed a total of six acquisitions in the years ended December 31, 2005 and 2004. The main purposes of these acquisitions were to expand our product portfolio and customer base. The results of the following acquisitions have been included in our consolidated statements of operations beginning on their respective acquisition dates. The following is a summary of our acquisitions in 2004 and 2005: • Funk Software, Inc. ("Funk") acquired on December 1, 2005: Developed and sold products designed to protect the integrity of the network by verifying users and devices that meet an organization's security policies before granting network access. 37 Case 5:06-cv-04327-JW Document 83-5 Filed 06/07/2007 Page 1 of 12

EXHIBIT 4 EDGAR F 1 of 1 lasA 068cv64 ^0JW996^cur^n07$-5 Filed 06/07/2007 Page 2 orif

SEC E DGAR Filing Info rmation

Form -- Current report

Accession No. Period of Report: 2006 - 07-19 SEC 0001299933-06-004782 Filing Date Changed: 2006 - 07-19 Filing date: 2006-07-19 Documents: 3 Accepted: 2006-07-19 16:09:33

Item 2.02: Results of Operations and Financial Condition Item 2.06: Material Impairments Item 8 .01: Other Events Item 9 .01. Financial Statements and Exhibits

Table submitted documents,

Seq Type Document Size Description 18 K htm 1.3745.htm 12234 LIVE FILING 2 EX-90.1 exhibitl.htm 25058 EX-99.1 3 EX-99.2 exhibit2.htm 5323 EX-99.2 0001299933-06-004782.txt 44198 Complete submission text file

Filer Inform a tion:

JUNIPER NETWORKS INC (Filer ) (00010 43 604) IRS No.: 770422528 1 State of Incorp.: DE I Fiscal Year End: 1231 Type: 8-K I Act: 34 a File No.: 000-26339 I Film No.: 06969537 SIC: 3576 Computer Communications Equipment

Business Address Mailing Address 1194 NORTH MAIHILDA AVE 1194 NORTH MATHILDA AVE SUNNYVALE CA 94489 SUNNYVALE CA 94089 6505268000

http://www. sec.gov/Archives/edgar/data/ 1043604/000129993 306004782/0001299933-06-0... 6/6/2007 Case 5:06-cv-04327-JW Document 83-5 Filed 06/07/2007 Page 3 of 12

JUNIPER NETWORKS IN C (JNPR) 1194 NORTH MATHILDA AVE SUNNYVALE, CA 94089 650. 526.8000 httD:/,iwww.iuniDer.net/

8-K LIVE FILING Filed on 07/19/2006 - Period : 07/19/2006 File Number 000-26339

GSI _°

LIVEDGAR ii

www.gsionline com Case 5:06-cv-04327-JW Document 83-5 Filed 06/07/2007 Page 4 of 12

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): July 19, 2006

Juniper Networks, Inc.

(Exact name of registrant as specified in its charter)

Delaware 000-26339 770422528

(State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.)

1 194 North Mathilda Avenue, Sunnyvale, 94089 California

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (408) 745-2000

Not Applicable

Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (l7 CFR 240.14a-12) Pre-commcncement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240. 13e-4(c)) Case 5:06-cv-04327-JW Document 83-5 Filed 06/07/2007 Page 5 of 12

Ion of the t^orm Item 2.02 Results of Operations and Financial Condition.

On July 19, 2006. Juniper Networks, Inc. ("Juniper Networks" or the "Company") issued a press release and held a conference call regarding its results for the quarter ended June 30, 2006. A copy of the press release is furnished as Exhibit 99.1 to this report. The information in this item 2.02 and Exhibit 99.1 shall not be treated as filed for purposes of the Securities Exchange Act of 1934, as amended.

Item 2.06 Material Impairments.

On July 18, 2006, Juniper Networks concluded that the carrying value of certain goodwill assets on its balance sheet was impaired as of June 30, 2006. Accordingly, the Company will record reductions in the carrying value of goodwill on its balance sheet for its Service Layer Technologies segment for the period ending June 30, 2006. The amount of the reductions to goodwill is expected to be approximately $1.3 billion. The goodwill was initially recorded based on stock prices at the time related merger agreements were executed and announced. The reductions to goodwill are primarily attributable to the decline in Juniper Networks' market capitalization since March 31, 2006. The Company does not expect that these reductions will result in any future cash expenditures. Should the Company's market capitalization decrease further, it is possible that there could be additional reductions in goodwill in future periods.

Item 8.01 Other Events.

On July 19, 2006, Juniper Networks issued a press release announcing the adoption of a common stock repurchase program of up to $1 billion. A copy of the press release is attached as Exhibit 99.2 to this report and is incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits

Exhibit No. Description 99.1 Press Release issued by Juniper Networks on July 19, 2006 99.2 Press Release issued by Juniper Networks on July 19, 2006 Case 5:06-cv-04327-JW Document 83-5 Filed 06/07/2007 Page 6 of 12

Ibis of the t ornn SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Juniper Networks, Inc.

July l9. 2006 By: Mitchell Gaynor

Name: Mitchell Gaynor Title: Vice President and General Counsel Case 5:06-cv-04327-JW Document 83-5 Filed 06/07/2007 Page 7 of 12

00 0 th e Form Exhibit Gndex

Exhibit No. Description

99.1 Press Release issued by Juniper Networks on July 19, 2006 99.2 Press Release issued by Juniper Networks on July 19, 2006 Case 5:06-cv-04327-JW Document 83-5 Filed 06/07/2007 Page 8 of 12

r^µ JUNIPER NETWORKS INC (JNPR) 1194 NORTH MATHILDA AVE SUNNYVALE, CA 94089 650. 526.8000 http:! www.iuniLer.net/

EX-99.1 EX-99.1 8-K Filed on 07/19/2006 - Period: 07/19/2006 File Number 000-26339

GSF,--

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www,g. ionline.com Case 5:06-cv-04327-JW Document 83-5 Filed 06/07/2007 Page 9 of 12

Exhibit 99.1

Investor Relations Contact : Public Relations Contact: Randi Paikoff Feigin Kathy Durr Tel: 408-745-2371 Tel: 408-745-5058 [email protected] [email protected]

Juniper Networks, Inc. Reports Q2'06 Financial Results Q2'06 Net Revenue of $567.5M, up 15% from Q2'05

SUNNYVALE, CA - July 19, 2006 Juniper Networks, Inc. (NASDAQ: JNPR) today reported its revenue results for the quarter ended June 30, 2006.

Net revenues for the second quarter of 2006 were $567.5 million, compared with $493.0 million for the same quarter last year, an increase of 15 percent.

Net cash and investments increased over $200M during the second quarter of 2006 to $2.25 billion.

"We're pleased with the results for the quarter, the confidence our customers continue to place in Juniper and the strength of the business," commented Scott Kriens, chairman and CEO, Juniper Networks. "We see continued and expanding opportunity in the marketplace as we participate in the accelerating convergence on IP and benefit from the resulting demand for the unique capabilities of Juniper."

Capital expenditures and depreciation during the second quarter of 2006 were $25.2 million and $18.6 million, respectively.

The Company's market capitalization has declined since March 31, 2006, and therefore the Company is evaluating the carrying value of certain long-lived assets, consisting primarily of $4.9 billion of goodwill recorded on its balance sheet at June 30, 2006. Pursuant to accounting rules, the majority of the goodwill was recorded based on stock prices at the time merger agreements were executed and announced. The Company expects to record reductions in the carrying value of goodwill and long-lived assets for the Service Layer Technologies segment of approximately $1.3 billion for the quarter ended June 30, 2006. Should the Company's market capitalization decrease further, it is possible that there could be additional reductions in goodwill in future periods.

In a separate announcement, Juniper today announced that its Board of Directors authorized a stock repurchase program of up to $1 billion. Purchases under this program will be subject to a review of the circumstances in place at the time, and will not be implemented until after the Company has filed its Form 10-Q for the period ending June 30, 2006

The Audit Committee of the Company's Board of Directors is conducting an independent investigation regarding stock options. Although the investigation is not complete, and the committee is continuing its review of the matters, the committee has reached a preliminary conclusion that the actual measurement dates for financial accounting purposes of certain stock option grants issued in the past differ from the recorded grant dates of such awards. Accordingly, the Company believes it will record additional non-cash charges for stock-based compensation expense, but is not yet able to determine the amount of such charges or the resulting tax and accounting impact of these actions or which periods, if any, would require restatement. Accordingly, the company is not providing detailed GAAP or Non-GAAP financials for the quarter ended June 30, 2006. In addition, the Company will not file its quarterly report on Forml O-Q for the quarter ended June 30, 2006 until after completion of the investigation, and the Company does not expect the investigation to be completed until after the date the Form 10-Q is required to be filed.

Highlights: Juniper's focus on innovation was reflected in a number of key product initiatives this quarter.

For the Service Provider market, Juniper announced the first phase of its Ethernet portfolio providing high-density, low cost Ethernet to existing M- and f-series routing platforms. In addition, the E320 broadband services router was confirmed to comply with two key industry open standards, TR-101 and Layer 2 Control Protocol (L2CP). Juniper also announced the Open IPTV and Multiplay Initiative to enable providers to use open standard Juniper technology to better deploy IPTV and multi-play services. TM • On the enterprise side Juniper delivered visibility and reporting enhancements to its WX TM Central Management System (CMSTM) software and introduced its next generation Intrusion Detection and Prevention (IDP) platform, as well as new NetScreen Security Management software designed to provide increased application visibility and control across the network.

This week Juniper introduced the M 120 platform setting a new standard for the intelligent multi-service edge and announced the first new set of features on the Odyssey Access Client and Steel-Belted Radius products since the close of the Funk acquisition , delivering unmatched network access policy management and user authentication.

• During the quarter, Juniper announced an agreement with Microsoft to deliver high-performance security solutions that enhance protection for IPpnd IPTV networks, services and applications. As part of this agreement Juniper can offer IPTV network security solutions to customers of Microsoft TV IPTV Edition.

Customer confidence was reflected in a number of significant service provider wins including FastWeb in Italy for IPTV, Telgi Energy in Sweden for E320s and Global Crossing in the US for the T-series. In addition, momentum in the enterprise continued with wins at organizations such as MGM Mirage and Methodist Hospital in the US, as well as the Finnish Defense Force and Australia's Commonwealth Bank. Case 5:06-cv-04327-JW Document 83-5 Filed 06/07/2007 Page 10 of 12

Conference Call and Web cast: Juniper Networks will host a conference call web cast today, July 19, 2006 at 1:45 p.m. (Pacific Time), to be broadcasted live over the Internet htto://www.iuniner.net/company/investor/conferencecall.html . The conference call will be archived on the Juniper Networks website until August 19, 2006. A replay will be accessible by telephone on July 19, 2006 after 4:00 p.m. Pacific Time through July 26, 2006 by dialing 800-633-8284 (or 402-977-9140), reservation number, 21298192. The replays will be available 24 hours/day, including weekends.

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.iunil2er.net.

Juniper Networks and the Juniper Networks logo are registered trademarks ofJuniper Networks, Inc. in the United States and other countries.

Statements in this release concerning Juniper Networks' business outlook, future financial and operating results, and overall future prospects are forward looking statements that involve a number of uncertainties and risks. Actual results could differ materially from those anticipated in those forward-looking statements as a result of certain factors, including: general economic conditions globally or regionally; business and economic conditions in the networking industry; changes in overall technology spending; the network capacity requirements of communication service providers; increases in competition; the timing of orders and their fulfillment; availability and cost of key parts and supplies; ability to establish and maintain relationships with distributors and resellers; variations in the expected mix of products sold; changes in customer mix; customer and industry analyst perceptions of Juniper Networks and its technology, products and future prospects; delays in scheduled product availability; market acceptance of our products and services; rapid technological and market change; adoption of regulations or standards affecting our products, services or industry; the ability to successfully acquire, integrate and manage businesses and technologies; product defects, returns or vulnerabilities; the ability to recruit and retain key personnel; currency fluctuations; litigation; and other factors listed in our most recent report on Form 10-Q filed with the Securities and Exchange Commission. In addition, the Company's audit committee has not completed its review of stock option matters. There can be no assurance that the outcome of that investigation will not result in change to or restatement of financial results provided by the Company for this or any historical period or that the Company's Form 10-Q for the quarter ended June 30, 2006 will be timely filed. All statements made in this press release are made only as of the date set forth at the beginning of this release. Juniper Networks undertakes no obligation to update the information in this release in the event facts or circumstances subsequently change after the date of this press release.

Juniper Networks, Inc. Consolidated Net Revenue (in thousands)

Three Months Ended Six Months Ended June 30, June 30, 2006 2005 2006 2005

Net revenues: Product $468,790 $423,732 $ 942,915 $816,012 Service 98,679 69,296 191,268 126,128 Total net revenues $567,469 $493,028 $1,134,183 $942,140

Juniper Networks, Inc. Consolidated Net Product Revenue by Operating Segment (in thousands)

three Months Ended Six Months Ended

2006 2005(1) 2006 2005(l) Infrastructure $352,223 $331,784 $715,227 $ 635,915 Service Layer Technologies 116,567 91,948 227,688 180,097 Net product revenue $468,790 $423,732 $942,915 $ 816,012

( I) Adjusted for reorganization of session border control product line from SLT to Infrastructure.

Juniper Networks, Inc. Cash and Cash Equivalents and Investments (in thousands)

June 30, December 3 1. 2006 2005 Cash and cash equivalents $1,087,614 $ 918,401 Short-term investments 548,345 510,364 Long-term investments 611,663 618,342 Total Cash and cash equivalents and Investments $2,247,622 $2,047,107 Case 5:06-cv-04327-JW Document 83-5 Filed 06/07/2007 Page 11 of 12

unip r JUNIPER NETWORKS INC (JNPR) 1194 NORTH MATHILDA AVE SUNNYVALE , CA 94089 650. 526.8000 httl2:/,/www.juniper.net/

EX-99.2 EX-99.2 8-K Filed on 07/19/2006 - Period : 07/19/2006 File Number 000-26339

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Exhibit 99.2

Investor Relations Contact: Public Relations Contact: Randi Paikoff Feigin Kathy Durr Tel: 408-745-2371 Tel: 408-745-5058 [email protected] [email protected]

Juniper Networks Announces Common Stock Repurchase Program of up to $1 Billion

SUNNYVALE, Calif., July 19, 2004 - Juniper Networks, Inc. (Nasdaq : JNPR) announced today that its board of directors approved a new stock repurchase program which enables the Company to purchase up to $1 billion of the company's common stock.

"Our commitment to our shareholders is to continue to grow revenue, earnings and cash and as a result enhance the long term value of Juniper," commented Scott Kriens, chairman and CEO, Juniper Networks. "Consistent with that commitment the Board of Directors has concluded that a significant stock repurchase program is appropriate."

Purchases under this plan will be subject to a review of the circumstances in place at the time, and will not be implemented until after the Company has filed its Form 10-Q for the period ending June 30, 2006, which as separately announced today, will likely be delayed.

Acquisitions under the share repurchase program will be made from time to time in private transactions or open market purchases as permitted by securities laws and other legal requirements. The program may be discontinued at any time.

This news release contains forward-looking statements about Juniper's common stock repurchase program, including the maximum amounts that may be purchased under the program. The statements are based on management's current expectations, estimates and projections, are not guarantees of future performance, and are subject to certain risks, uncertainties and other factors, some of which are beyond the company's control and are difficult to predict, including, but not limited to, changes in the market price of the Company's common stock and changes in the Company's financial results, financial condition and cash requirements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Juniper undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

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.iuniepr.net.

Juniper Networks and the Juniper Networks logo are registered trademarks ofJuniper Networks, Inc. in the United States and other countries. Case 5 :06-cv-04327-JW Document 83-6 Filed 06/07/2007 Page 1 of 9

EXHIBIT 5 1 of 1 EDGAR Filed 06/07/2007 Page 2 gee

SEC EDGAR Filing Information

Form 8-K -- Current report

Accession No. Period of Report: 2006 - 08-09 SEC 0001299933-06-005371 Filing Date Changed: 2006 - 08-10 Filing date : 2006-08-10 Documents: 2 Accepted: 2006 - 08-10 16:17:51

Item 2 .02: Results of Operations and Financial Condition Item 4 .02: Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review Item 9 .01: Financial Statements and Exhibits

Table of submitted documents:

Seq Type Document Size Description 18 K htm 14351.htm 11972 LIVE FILING 2 EX-99.1 exhibitl.htm 4996 EX-99.1 0001299933-06-005371.txt 18609 Complete submission text file

Filer Information,,,,

JUNIPER NETWORKS INC (Fi l er) (0001043604) IRS No.: 770422528 1 State of Incorp.: DE I Fiscal Year End: 1231 lype: 8-K j Act: 34 1 File No.: 000- 263 39 I Film No.: 061021.626 SIC: 3576 Computer Communications Equipment

Business Address Mailing Address 1194 NORTH MATHILDA AVE 1.194 NORTH MATHILDA AVE SUNNYVALE CA 94()89 SUNNYVALE CA 94089 6505268000

http://www.sec.gov/Archives/edgar/data/ 1043604/000129993306005371/0001299933-06-0... 6/6/2007 Case 5 :06-cv-04327-JW Document 83-6 Filed 06/07/2007 Page 3 of 9

t r JUNIPER NETWORKS INC (JNPR) 1194 NORTH MATHILDA AVE SUNNYVALE, CA 94089 650. 526.8000 http://www.iuniper.neti

8-K LIVE FILING Filed on 08/10/2006 - Period: 08/09/2006 File Number 000-26339

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w vw.g,Sipnlir^e.COr Case 5:06-cv-04327-JW Document 83-6 Filed 06/07/2007 Page 4 of 9

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): August 9, 2006

Juniper Networks, Inc.

(Exact name of registrant as specified in its charter)

Delaware 000-26339 770422528

(State or other jurisdiction (Commission (I.R.S. Employer of incorporation ) File Number) Identification No.)

1 194 North Mathilda Avenue, Sunnyvale, 94089 California

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (408) 745-2000

Not Applicable

Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a- 12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Case 5:06-cv-04327-JW Document 83-6 Filed 06/07/2007 Page 5 of 9

Ton of the Form Item 2.02 Results of Operations and Financial Condition.

The disclosure set forth in Item 4.02 below is incorporated herein by reference.

Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.

(a)

As previously announced by Juniper Networks, Inc. (the "Company"), the Audit Committee of the Board of Directors has been conducting an investigation into the Company's stock option practices and has reached a preliminary conclusion that the actual measurement dates for financial accounting purposes of certain stock option grants issued in the past differ from the recorded grant dates of such awards. Although the investigation is ongoing, upon the recommendation of management and the Audit Committee, the Juniper Board of Directors has concluded that the Company will need to restate historical financial statements to record additional non-cash charges for stock-based compensation expense related to past option grants. The Company has not determined the amount of such charges, the resulting tax and accounting impact, or which specific periods require restatement.

Consequently, on August 9, 2006, upon the recommendation of management and the Audit Committee, the Board of Directors concluded that financial statements and all earnings press releases and similar communications issued by the Company relating to periods beginning on or after January 1, 2003 should no longer be relied upon, including the Company's financial statements for fiscal years 2003, 2004 and 2005, the interim periods contained therein, and the quarter ended March 31, 2006. The Company's management and the Audit Committee have discussed this matter with Ernst & Young LLP, the Company's independent registered public accounting firm.

The Company issued a press release on August I0, 2006, a copy of which is attached as Exhibit 99.1 to this report and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d)

99,1 Press Release issued by Juniper Networks, Inc. on August 10, 2006 Case 5:06-cv-04327-JW Document 83-6 Filed 06/07/2007 Page 6 of 9

Fun of th 1 oran SIGNATURES

the undersigned Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by hereunto duly authorized.

Juniper Networks, Inc.

Angus) 10, 2006 By: Mitchell L. Gaynor

Name: Mitchell L. Gaynor Title: Vice President and General Counsel Case 5:06-cv-04327-JW Document 83-6 Filed 06/07/2007 Page 7 of 9

Mon of the [, orm Exhibit Index

Exhibit No. Description

99.1 Press Release issued by Juniper Networks, Inc. on August 10, 2006 Case 5:06-cv-04327-JW Document 83-6 Filed 06/07/2007 Page 8 of 9

JUNIPER NETWORKS INC (JNPR)

1194 NORTH MATHILDA AVE SUNNYVALE, CA 94089 650. 526.8000 httL:ilwww. iunicer.net/

EX-99.1 EX-99.1 8-K Filed on 08/ 10/2006 - Period : 08/09/2006 File Number 000-26339

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www._sionline corn Case 5:06-cv-04327-JW Document 83-6 Filed 06/07/2007 Page 9 of 9

EXHIBIT 99.1

Investor Relations Contact: Public Relations Contact:

Michelle Levine Susan Ursch Tel: 408-936-2775 Tel: 978-589-0124 [email protected] [email protected]

Juniper Networks Announces Update Regarding Stock Option Investigation

Sunnyvale, California August 10, 2006-As previously announced by Juniper Networks, Inc. (Nasdaq: JNPR), the Audit Committee of the Board of Directors has been conducting an investigation into the Company's stock option practices and has reached a preliminary conclusion that the actual measurement dates for financial accounting purposes of certain stock option grants. issued in the past differ from the recorded grant dates of such awards.

Although the investigation is ongoing, upon the recommendation of management and the Audit Committee, the Juniper Board of Directors has concluded that the Company will need to restate historical financial statements to record additional non-cash charges for stock-based compensation expense related to past option grants. The Company has not determined the amount of such charges, the resulting tax and accounting impact, or which specific periods require restatement. Accordingly, the Company today filed a Form 8-K with the SEC stating that the financial statements and all earnings press releases and similar communications issued by the Company relating to periods beginning on or after January 1, 2003 should therefore not be relied upon.

In addition, the Company today filed a Notification of Late Filing on Form 12b-25 with the SEC indicating that the Company missed the prescribed deadline for its Quarterly Report on Form 10-Q for the period ending June 30, 2006. As a result of this delinquency, the Company expects to receive a notice of delisting from Nasdaq in accordance with Nasdaq's standard process.

Juniper is committed to resolving these issues as expeditiously as possible and to file its Form 10-Q and restated financial statements as soon as practicable following completion of the independent investigation.

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 the Juniper Networks logo are registered trademarks ofJuniper Networks, Inc. in the United States and other countries. Case 5:06-cv-04327-JW Document 83-7 Filed 06/07/2007 Page 1 of 3

EXHIBIT 6 Juniper Networks :: Juniper Networks, Inc. Announces Completion of Independent Investigation of Histor... Page 1 of 2 6-cv-04327-JW Document 83-7 Filed 06/07/2007 Page 2 of 3 .N.Junipers NETWORKS

PRESS RELEASE JUNIPER NETWORKS, INC. ANNOUNCES COMPLETION OF INDEPENDENT INVESTIGATION OF HISTORICAL STOCK OPTION PRACTICES

Sunnyvale, California - December 20, 2006 - Juniper Networks, Inc. (NASDAQ-JNPR) today announced the completion of the independent investigation related to Juniper Networks' historical stock option granting practices. This comprehensive seven-month review was conducted by Juniper Networks' Audit Committee, which was assisted by both independent counsel and forensic accountants. The investigation involved the review of more than 785,000 documents. Juniper Networks' Board of Directors has reviewed and adopted the Audit Committee's findings.

As previously announced, the Company reached a conclusion that the actual measurement dates for financial accounting purposes of numerous stock option grants issued in the past differ from the recorded grant dates of such awards. The Audit Committee determined that there were numerous instances in which grant dates were chosen with the benefit of hindsight as to the price of the Company's stock, so as to give favorable prices. In this regard, the Audit Committee identified serious concerns regarding certain former management. In addition, formal documentation often lagged the referenced grant date and there was insufficient exercise by management of responsibility for the stock option process. The Company currently anticipates that it will record additional non-cash charges for stock-based compensation expense of approximately $900 million, 99.9 percent of which relate to options granted between June 9, 1999 and December 31, 2003.

Juniper Networks' CEO, Scott Kriens, received two stock option awards with measurement date issues. However, both options were canceled unexercised in 2001. Kriens has not exercised any stock options since 1998, approximately a year before the Company's IPO.

The Audit Committee and the Board of Directors expressed their continuing confidence in Scott Kriens and the current management of the Company.

"As the leader of this company, I would like to express our regret, to everyone who relies on Juniper, for the difficulties this situation has caused for us all. In prior years, we should have had better stock option granting processes, controls and oversight in place, and we did not," said Scott Kriens, Juniper's CEO. "While we cannot undo the past, we will focus going forward on the filing of our financial statements, further improving the robustness of the Company's stock option granting procedures, the ongoing cooperation with government agencies and the continued execution of our business strategy."

The Company intends to file its Form 10-Q for each of the quarters ended June 30, 2006 and September 30, 2006, and any other required financial restatements during the first quarter of 2007. Juniper received a written notification from the staff of The NASDAQ Stock Market that the NASDAQ Listing Qualifications Panel has granted the Company's request for continued listing on The NASDAQ Stock Market, subject to the conditions that the Company shall file on or before February 12, 2007 a written summary of the audit committee's finding and its Forms 10-Q for the quarters ended June 30, 2006 and September 30, 2006. It is our intent to come into compliance with the NASDAQ listing qualifications.

About Juniper Networks, Inc.

Juniper Networks develops purpose-built, high performance IP platforms that enable customers to support a wide variety of services and applications at scale. Service providers, enterprises, governments and research and education institutions rely on Juniper to deliver a portfolio of proven networking, security and application acceleration solutions that solve highly complex, fast-changing problems in the world's most demanding networks. 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.

Statements in this release concerning the anticipated amount of stock based compensation charges and the expected timing of future financial filings are forward looking statements that involve a number of uncertainties and ris'E A-4- mall Thls Page L results could differ materially from those anticipated in those forward-looking statements as a result of certa....^ ..,... , including: the discovery of additional facts, identification of additional charges, results of Nasdaq listing procedures or http://www.juniper.net/company/presscenter/pr/2006/pr-061220.html 4/10/2007 Juniper Networks :: Juniper Networks, Inc. Announces Completion of Independent Investigation of Histor... Page 2 of 2 determinations, t j^^ic o^P ^t7nd a id aP tWW9h r tateAI ,, Q IP, i s7by XNA&Vb dies. All statements made in this press release are made only as of the date set forth at the beginning of this release. Juniper Networks undertakes no obligation to update the information in this release in the event facts or circumstances subsequently change after the date of this press release.

Media Contact

Juniper Networks Tina Stewart Phone: 408-936-7687 E-mail: tstewartmuniper.net

Investor Relations Contact

Juniper Networks Michelle Levine Phone : 408-936-2775 E-mail: mievine@m uniper.net

Copyright © 1998-2007, Juniper Networks, Inc. All Rights Reserved.

http://www.juniper.net/company/presscenter/pr/2006/pr-061220.html 4/10/2007 Case 5 :06-cv-04327-JW Document 83-8 Filed 06/07/2007 Page 1 of 6

EXHIBIT 7 Case 5 :06-cv-04327-JW Document 83-8 Filed 06/07/2007 Page 2of6

UNITED STATES SECURITIES AND EXCHANGE OMB APPRO\ AL FORM 4 COMMISSION OMB Numher: Expires Januan : 1. 2005 (] Check this box if no Washington, D.C. 20549 Estimated a\ era ,e burden longer subject to Section 16. hours per response... 0.5 orm4orForm 5 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP obligations may continue. OF SECURITIES See Instruction 1(b).

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934. Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person . Issuer Name and Ticker or Trading Symbol 5. Relationship of Reporting Person(s) to Issuer Check all applicable) KRIENS SCOTT JUNIPER NETWORKS INC JNPR X - Director _ 10°: Owner (Last) (First) (Middle) . Date of Earliest Transaction X _ Officer (gig c title below ) _ Other (specify MM/DD/YYYY) lose) C hief Executive Officer 1194 NORTH MATHILDA VENUE 4/16/2004 (Street) . If Amendment, Date Original Filed . Individual or Joint/Group Filing (Check MMVDD/YYYY) Applicable Line) SUNNYVALE, CA 94089 X Form filed by One Reporting Person (City) (State) (Zip) Form filed by More than One Re rnne Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned of Security 2. Trans. 2A. 3. Trans. 4. Securities 5. Amount of Securities Beneficially Owned 6. 7. Nature of (Insv.I. 3) Date Deemed Code Acquired (A) or Following Reported Transaction ( s) Ownership Indirect Execution (Inm. 8) Disposed of (D) (Instr. 3 and 4) Form: Beneficial Date, if (Intr. 3, 4 and 5) Direct (D) Ownership any (A) or Indirect (Intr.4) (1) (Intr. Code V Amount (D) Price 4) by 4/16/2004 A Partnership Common Stock 75378 .4 (1) 2284750 t (2) By Common Stock 27037 1 Foundation (3)

by 1996 Common Stock 11591672 t Wiens Trust (4)

Table II - Derivative Securities Beneficially Owned ( eg. , puts, calls, warrants, options, convertible securities) 1. Title of Derivate 2. 3. Trans. 3A 4. 5. Number of 6. Date Exercisable 7. Tide and Amount of 8. Price of 9. Number 10. 11. Nature Security Conversion Date Deemed Trans. Derivative and Expiration Date Securities Underlying Derivative of Ownership of Indirect (Instr. 3) or Exercise Execution Code Securities Derivative Security Security derivative Form of Beneficial Price of Date, if (Insa. Acquired (A) or (Intr . 3 and 4) (Intr. 5) Securities Derivative Ownership Derivative any 8) Disposed of (D) Beneficially Security : (Instr.4) Security Owned Direct (D) (Intr. 3, 4 and Following or Indirect - 5) Reported (1) (Intr. Transaction 4) Amount or Date Expiration (intr. 4) Title Number of (s) Exercisable Date Code V (A) (D) Shares Non-Qualified Stock 1/29/2004 1/29/2014 Common Option (right to buy) 528.17 A 750000 750000 528.17 750000 D (`) Stock

Explanation of Responses: Received in exchange for 10,953 shares of Netscreen Technologies, Inc. common stock in connection with the merger of Netscreen 1) Technologies into Juniper Networks , Inc. (the "Merger"). On the effective date of the Merger, the closing price of Netscreen Tehnology Inc.'s common stock was $35 . 11 and the closing price of Juniper Networks, Inc.'s common stock was $25.17. (2) Held by Saratoga Investments, LP over which the reporting person exercises voting and investment control. Case 5 :06-cv-04327-JW Document 83-8 Filed 06/07/2007 Page 3 of 6

(3) Held by the Kriens Family Foundation , over which the reporting person and his spouse exercise voting and investment control. Held by the Kriens 1996 Trust U/TiA October 29, 1996 over which the Reporting Person and his spouse exercise investment and %oting (4) control.

5 Vests as to 25% of the shares subject to the option on the first anniversary of the date of grant and monthly thereafter as to 1148th of the shares subject to the option.

Reporting Owners Signatures Relationshi ps By: Mitchell L. Reporting Owner Name / Address 10% Director Officer Other Gaynor, attorney- caner 4/19/2004 in-fact For: Scott LENS SCOTT Kriens - 1194 NORTH MATHILDA Chief Executive Date VENUE X Officer Signature of Reporting PUNNYVALE, CA 94089 Person

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4(b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

End of Filing a°""ae Br © 2005 EDGAR Online, Inc. Case 5:06-cv-04327-JW Document 83-8 Filed 06/07/2007 Page 4 of 6 Case 5 :06-cv-04327-JW Document 83-8 Filed 06/07/2007 Page 5 of 6

UNITED STATES SECURITIES AND EXCHANGE OMB APPROVAL FORM 4 COMMISSION OMB Number: 3235-0'S- Expires: January 31. 200N [ ] Check this box if no Washington 20549 , D.C. Estimated average burden longer subject to Section 16. hours per response... 0.5 orm 4 or Form 5 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP .ibligations may continue, OF SECURITIES See Instruction 1(b).

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person . Issuer Name and Ticker or Trading Symbol . Relationship of Reporting Person(s) to Issuer Check all applicable) LENS SCOTT JUNIPER NETWORKS INC JNPR X _ Director - I OX Owner (Last) (First) (Middle) 3. Date of Earliest Transaction X _ Officer (give title below) - Other (specify MM/DD/YYYY) low) hief Executive Officer 1194 NORTH MATHILDA VENUE 4/29/2005 (Street) I. If Amendment, Date Original Filed . Individual or Joint/Group Filing (Check MM/DD/YYYY) Applicable Line) SUNNYVALE, CA 94089 X _ Form filed by one Reporting Person (City) (State) (zip)p Form filed by More than One Reportin g Person

Table I - Non-Derivative Securities Acquired , Disposed of, or Beneficially Owned

I. Title of Security 2. Trans . 2A. 3. Trans. 4. Securities 5. Amount of Securities Beneficially Owned 6. 7. Nature (Intr . 3) Date Deemed Code Acquired (A) or Following Reported Transaction ( s) Ownership of Indirect Execution (Intr. 8) Disposed of (D) (Intr. 3 and 4 ) Form : Beneficial Date , if (lnstr. 3, 4 and 5) Direct (D) Ownership any (A ) or Indirect (Instr.4) or (I) (Intr. Code V Amount (D) Price 4)

Table II - Derivative Securities Beneficially Owned ( eg. , puts, calls, warrants, options, convertible securities) I. Title of Derivate 2. 3. Trans. 3A. 4. 5. Number of 6. Date Exercisable 7. Title and Amount of 8. Price of 9. Number 10. 11. Nature Security Conversion Date Deemed Trans. Derivative and Expiration Date Securities Underlying Derivative of Ownership of Indirect (Instr. 3) or Exercise Execution Code Securities Derivative Security Security derivative Form of Beneficial Price of Date, if (Instr. Acquired (A) or (Intr. 3 and 4) (Instr. 5) Securities Derivative Ownership Derivative any 8) Disposed of (D) Beneficially Security: (Inslr. 4) Security Owned Direct (D) (Intr. 3, 4 and Following or Indirect 5) Reported (I)(Instr. Transaction 4) Amount or Nate Expiration s) (Intr. 4) Title Number of ( Exercisable Date Code V (A) (D) Shares Noe-Qualified Stock 4/29/2005 1/1/2006 4/29/2015 Common Option (right to buy ) $2259 A 545000 545000 (2) 545000 D (I) Stock

Non-Qualified Stock 4/29/2005 '/1 /2006 429/20/5 Common Option (right to buy ) $2259 A 100000 100000 (2) 645000 D (3) Stock

Explanation of Responses: Vests as to 25% of the shares one year from the applicable vesting commencement date and in equal monthly installments thereafter over three years. (2) Non-Qualified Stock Option exercise price. (3) The option will vest as to 1/48th of the shares on February 1, 2006 and in equal monthly installments of 1/48th on each monthly anniversary thereafter.

reportin g Owners Signatures Relationships eporting Owner Name / Address By: Mitchell L. irecto 10% fficer the 5/312005 - wner Gaynor, Attorney- 6 of 6 Case 5 : 06-cv-04327-JW Document 83-8 Filed 06/07/2007 Page

FENS SCOTT in-Fact For: Scott 1194 NORTH MtATHILDA Chief Executive G. krienst VENUE X Officer UNNYVALE, CA 94089 Signatvreof Report ing Daic Person

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4(b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations . See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

End of Filing P..e e,, © 2005 EDGAR Online, Inc. Case 5:06-cv-04327-JW Document 83-9 Filed 06/07/2007 Page 1 of 17

EXHIBIT 8 Case 5 :06-cv-04327-JW Document 83-9 Filed 06/07/2007 Page 2 of 17

UNITED STATES SECURITIES AND EXCHANGE OMB APPROVAL FORM 4 COMMISSION OMB Number: 3235-0287 Expires : January 31, 2008 [ ] Check this box if no Washington , D.C. 20549 Estimated average burden longer subject to Section 16. hours per response... 0.5 4 arm or Form 5 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP obligations may continue. OF SECURITIES See Instruction 1(b).

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

I - Name and Address of Reporting Person ' . Issuer Name and Ticker or Trading Symbol . Relationship of Reporting Person( s) to Issue Check all applicable) INDHU PRADEEP JUNIPER NETWORKS INC JNPR X - Director _ IOY. Owner (Last) (First) (Middle) 3. Date of Earliest Transactio X _ Officer (give title below) Other (specify MM/DD/YYYY) low) Chief Technical Officer 1194 NORTH MATHILDA VENUE 4/29/2005 (street) . If Amendment, Date Original Filed . Individual or Joint/Group Filing (Check MM/DD/YYYY) pplicable Line) SUNNYVALE, CA 94089 X Form filed by One Reporting Pelson (State) (City) (Zip) Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired , Disposed of, or Beneficially Owned I Title of Secunry 2. Trans. 2A. 3. Trans. 4. Securities 5. Amount of Securities Beneficially Owned 6. 7. Nature (tnstr. 3) Date Deemed Code Acquired (A) or Following Reported Transaction(s) Ownership of Indirect Execution (Incr. 8) Disposed of (D) (Intr. 3 and 4) Form: Beneficial Date, if (Inm. 3.4 and 5) Direct (D) Ownership any (A) or Indirect (Intr. 4) or. (1) (Intr. Code V Amount (D) Price 4)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants , options, convertible securities) I. Title of Denvate 2. 3. Trans. 3A. 4. 5. Number of 6. Date Exercisable 7. Title and Amount of 8. Price of 9. Number 10. 11. Nature Security Conversion Date Deemed Trans. Derivative and Expiration Date Securities Underlying Derivative of Ownership of Indirect (Instr. 3) or Exercise Execution Code Securities Derivative Security Security derivative Form of Beneficial Price of Date, if ( Intr. Acquired ( A) or (Intr. 3 and 4 ) (Intr. 5) Securities Derivative Ownership Derivative any 8) Disposed of (D) Beneficially Security: (Insir. 4) Secunty Owned Direct (D) (Intr. 3, 4 and Following or Indirect 5) Reported (1)(Inslr. Transaction 4) Amount or Date Expiration (s) (ttna. 4) Title Number or (D) Exercisable Date F. V (A) Shares Non-Qualified Stock 4129/2005 1/1120 4/29/2015 Common Option ( right to bray) 522 .59 A 110000 110000 (2) 119000 D ( p Stock

Noe-QuaBrmil Stock 4/29/2005 21 1/2006 4/29/2015 Common Option ( right to buy) $22.59 A 70000 70000 t2) 180000 D (3) Stock

Explanation of Responses:

Vests as to 25% of the shares one year from the applicable vesting commencement date and in equal monthly installments thereafter over ( t) three years. (2) Non-Qualified Stock Option exercise price. The option will vest as to 1/48th of the shares on February 3) 1, 2006 and in equal monthly installments of 1/48th on each monthly ( anniversary thereafter.

teporting Owners Signatures Relationshi ps eporting Owner Name / Address By• Mitchell L. irecto 10% fficer 5/3/2005 wrier 10the Gaynor, Attorney- Case 5:06-cv-04327-JW Document 83-9 Filed 06/07/2007 Page 3 of 17

INDHU PRADEEP iniFor:-Fact 1194 NORTH MATHILDA X hief Technical Pradeeac p Si n d hu VENUE ricer UNNYVALE, CA 94089 " SignamreofRepomne Date PMM

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4(b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78fi(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

End of Filing EDGAK

© 2005 EDGAR Online, Inc. Case 5:06-cv-04327-JW Document 83-9 Filed 06/07/2007 Page 4 of 17 Case 5:06-cv-04327-JW Document 83-9 Filed 06/07/2007 Page 5 of 17

UNITED STATES SECURITIES AND EXCHANGE OMB APPROVAL FORM 4 COMMISSION OMB Number: 3235-0287 [ J Check this box if no Washington . D.C. 20549 Expires: January 31. 2005 Estimated longer subject to Section 16. average burden hours per response... 0.5 orm 4 or Form 5 STATEMENT OF CHANGES IN obligations may continue. BENEFICIAL OWNERSHIP See Instruction 1(b). OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17( a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

I. Name and Address of Reporting Person . Issuer Name and Ticker or Trading Symbol . Relationship of Reporting Person( s) to Issue Check all applicable) INDHU PRADEEP JUNIPER NETWORKS INC JNPR X_ Director - 10% Owner (Last) (First) (Middle) . Date of Earliest Transaction X Officer (give tide below ) _ Other ( specify MM/DDIYYYY) low) hief Technical Officer 1194 NORTH MATHILDA VENUE 9/26/2003 (Street) . If Amendment, Date Original Filed . Individual or Joint/Group Filing (Check MM/DD/YYYY) pplicable Line) SUNNYVALE, CA 94089 X Form filed by One Reporting Person (City) (State ) (Zip) Form filed More than One R eporting Person

Table I - Non-Derivative Securities Acquired , Disposed of, or Ben eficially Owned I.Title of Security 2. Trans. 2A. 3. Trans. 4. Securities 5. Amount of Securities Beneficially Owned 6. 7. Nature (Intr . 3) Date Deemed Code Acquired ( A) or Following Reported Transaction(s) Ownership of ltdirect Execution (Insrr. 8) Disposed of (D) (Insrr. 3 and 4) Form: Brnefieial Date, if (Intr . 3.4 and 5 ) Direct (D) Ownership any (A) or Indirect (lose. 4) or (1) (Intr. Code V Amount (D) Price 4)

Table 11 - Derivative Securities Beneficially Owned (e.g. , puts, calls, warrants , options, convertible securities) I. Title of Denvate 2. 3. Trans. 3A. 4. 5. Number of 6. Date Exercisable 7. Title and Amount of 8. Price of 9. Number 10. 11. Nature Security Conversion Date Deemed Trans. Derivative and Expiration Date Securities Underlying Derivative of Ownership of indirect (Instr 3) or Exercise Execution Code Securities Derivative Security Security derivative Form of Beneficial Price of Date, if (Intr. Acquired ( A) or (Intr . 3 and 4) (Intr. 5) Securities Derivative Ownership Derivative any 8) Disposed of ( D) Beneficially Security: (Intr. 4) Security Owned Direct (D) (Intr. 3, 4 and Following or Indirect 5) Reported (I) (Intr. Amount or Transaction 4) Date Expiration s) (Intr. 4) Title N um ber o f ( Exercisable Date Code V (A) (D) Noo-Quaied Stock Shares 926/2003 926/2004 9/268013 Common Option (right to buy) S15 A 300000 300000 $15 300000 V ( 1 ) Stock D

Explanation of Responses:

Vests as to 25% of the shares subject to the option on the first anniversary of the date of grant and monthly thereafter as to 1/48th of the shares subject to the option.

Signatures Relationshi s reporting Owner Name / Address 10% By: Lisa C. irecto Officer the Berry, attorney- wrier 9/29/2003 tINDHU PRADEEP in-fact For: Pradeep S indhu 194 NORTH MATHILDA Chief Technical .VENUE X Officer ., Signature of Reporting Date ;UNNYVALE, CA 94089 Person

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Case 5 :06-cv-04327-JW Document 83-9 Filed 06/07/2007 Page 6 of 17

* If the form is filed by more than one reporting person , see Instruction 4(bXv). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U .S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed . If space is insufficient , see Instruction 6 for procedure. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently ialid OMB control number.

End of Filing

,--- .. B, EDQAEL

© 2005 EDGAR Online, Inc. UNITED STATES SECURITCES D EXCHANGE COMMISSION oMa A JAL Washington , O.C. 20549 OMB Number: 3235.0287 FOKA 4 Expires : January 31, 2005 CD 0 Check this box if no longer Estimated average burden subject to Section 16. Form 4 or STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP hou rs pe r res p onse . . 0. 5 Form 5 obligations may continue. See Instruction I(b). Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility O (Print or Type Responses) Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 I Name and Address of Reporting Person ' 2. Issuer Name and Ticker or Trading Symbol 5 . Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner $indhu, Pradee p Juni per Networks, Inc. (JNPR ) Offe t Other (Last) (First ) (Middle) 3. Date of Earliest Transaction ( Month/Day/Year ) ti G) (Bive tle below) (specify below) N v 1194 North Math Ida Avenue 9/26/2003 Chief Technical Officer L ( Street ) 4. If Amendment, Date of Original Filed 6. Individual or Joint/Group Filing (Check Applicable Line) (Month/Day/Year ) A- Form tiled by One Reporting Person Form filed by More than One Reporting Person Sunnyvale , CA 94089 - v (City) (State) (Z ip) 0 Table I - Non-Derivative Securities Acquired , Disposed of, or Beneficially Owned C) C I. Title of Security 2. Trans- 2A . 3. Trans- 4 . Securities Acquired ( A) 5. Amount of 6. Owner- 7. Nature of 3 (Instr. 3 ) action Deemed action or Disposed of ( D) Securities ship Indirect CD Date Execution Code ( Instr. 3, 4 and 5 ) Beneficially Form : Beneficial Date, if ( Instr. 8) Owned Following Direct Owner- any Reported ( D) or ship 00 W (Month/ ( Month/ Transaction ( s) Indirect t Day/ Day/ ( A) or (instr , 3 and 4) (I) CD Year) Year) Code V Amount ( D ) Price (Instr.4 ) ( inslr.4)

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Page I of 3 pages (Over) SEC 1474 (9.02) FORM 4 (cr-'inued) Table 11 - Derivative Securities Acquir- ' Disposed of, or Beneficially Owned (-) (eg. puts, calls , warrants, opti eouvertibie securities) 0) I . Title of Derivative Security . Conver- 3. Trans 3A. 4. Trans- 5. Number of Deriv- 6. Date Exer• 7, Title and Amount of 8. Price . Number 10. Owner- 11. Nature CD (Ins(r 3) sion or action Deemed action ative Securities cisable and Securities Underlying of of Deriva- ship of Exercise Date Execut• Code Acquired (A) or Expiration Date Derivative Security Deriv tive Sc- Form : Indirect Price of Dnk (instr, 8) Disposed of(D) (tnstr. 3 and 4) ative curities Direct Benefi- C) cial 0)I Deri• (Month/ (Instr. 3, 4, and 5) Year) Scour. Benefci- (D) or votive Day/ tfany ity ally Own- Indirect Owner- ed Foll- ( 1) ship vativety Year) ( Instr. r 5) owing (Instr. 4) (Instr, 4) (Month/ Reported Day/ W Year) ate xpira- mount or on(s)° Exer- Lion Title Number of N (Instr. 4) v cisable Date Shares Code V (A) (D) L

Noo-Qualified Stock Option 515.00000 09/26 /03 A V 300,000 09 /26/04 09126/13 Common Stock 300,000 515.00000 300,000 D (right to buy) (t) v 0 C) C 3 CD

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m CD CL 0 0) 0 4 N C) Explanation of Responses: C) v See continuation page(s) for footnotes

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly 0) • If the form is filed by more than one reporting person, see Instruction 4(b)(v), CD 00 By: U., C Berry. nttornev-in•fact For: Pradeco '• Intentional misstatements or omissions of facts constitute Federal Criminal Violations. 0 See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). .i u Note: File three copies of this Form. one of which must be manually signed . If space is insufficient, Date v see Instruction 6 for procedure. "Signature of Reporting Person

Persons who are to respond to the collection or information contained in this form are not Page 2 ot3 pages Page 2 reaulred to resound unless the form disolavs a currently valid OMH Number. Case 5:06-cv-04327-JW Document 83-9 Filed 06/07/2007 Page 9 of 17

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EDGAR Submission Information Retrieval Results Page I of I

Submission Information

Note: Live correspondence (CORRESP) submissions and company updates (COUPDAT) with a status of "ACCEPTED", as well as attached cover letter documents, are considered private . All private submissions and documents are available internally to the SEC only and are not disseminated to the public .

CIK:0001204435

Click on an accession number to retrieve notification information for that submission-

Accession Num ber Form Type Receipt Date 11 ode Status

0001204435-03-000023 4 30-Sep-2003 11:29 Live Disseminated

https://www.onlineforms. edgarfiling_sec.gov/servlet/MultiHandlerServlet 9/30/2003 Case 5:06-cv-04327-JW Document 83-9 Filed 06/07/2007 Page 11 of 17 C) UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL Cl)0) FORM 4 Washington , D.C. 20549 OMB Number. 3235.0287 CD Expires: September 30, 1998 [] Check this box if no longer Estimated average burden subject to Section 16. Form 4 or STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP h ours • res ponse ...... 0. 5 O obligations continue. C) Form S may r SeeInstrvction 1(b). Filed pursuant to Scction 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility n (Print or Type Resp onses ) Holding Company Act of 1935 or Section 30(1) of the Investment Company Act of 1940 r 1. Name and Address of Reporting Pcrson• 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) Slndhu, Pradee Juni p er Networks , Inc. JNPR ..-IL_ Director 10% Owner N Officer v (Last) (First) (Middle) 3. I.R.S. Identification 4. Statement for -X- Other (give title below) below) Number of Reporting Month/Year (specify L Person, if an entity 1194 North Malhilda Avenue Chief Technical Officer (Voluntary) July 2002 (Street) 5. If Amendment, 7, Individual or Joint/Group Filing (Check Applicable Line) Date of Original A Form filed by One Reporting Person v (Month/Year) -Form filed by More than One Reporting Person 0 Sunnyvale , CA 94089 C) (City) (State) (Zip) C Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 3 CD I. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature of (lnstr. 3) action action or Disposed of (D) Securities ship Indirect Date Code (Instr. 3, 4 and 5) Beneficially Form: Beneficial 170 W (Instr. 8) Owned at Direct Owner- r (Month/ End of Month (D) or ship CD Day/ Indirect Year) (A) or (Instr. 3 and 4) (1) Code V Amount (D) Price (Instr.4) (Instr.4) 1l Common Stock 1,587,877 D CD Q. Common Stock 07/16/02 J 119,118 D 454,390 1 by Annuity O (1) °M Trust 1(2) C) Common Stock 07/16/02 J 23,124 0 90,877 I by Annuity O (I) Trust tt (3) v Common Stock 07/16/02 J 2,97E D co SS I by Annuity NJ pl Trust RI (4) O some O Common Stock to by Daughter v s

Common Sleek 07/16/02 J 291.648 A 'ECEIVED by Family Trust Ili 0) Common Stock 07/31/02 C V 40,800 0 !y 9.369.663 by Family Trust (5) CD Common Stock R eceived by Son NJ 0 Comm.. Stock 07/16/02 J 119, 113 D ,390 I by Sp Trust I ( 1) (6)

Common Sleek 07/1602 J 23,824 0 90,877 1 by Sp Trust 11 (I) (7) Reminder. Report on a separate line (be each class of securities bewfciaily owned directly or Indirectly. 'tribe firm is filed by more than one reporting person, see Ins,ruotioa 4(b)(v). (Over) P-Porentiol persons who arc to sesooad to the collection of information contained in this forts are not lemri ed to resoond unku the form disolavs a eurrentlv valid OMB control number . fate I ors pag es SEC 1474 (7-97) C) 0) FORM 4 (continued) Table 11 - Derivative Securities Acquired , Disposed of, or Beneficially Owned (e.g. puts, calls, warrants, options , convertible securities) CD 01 1 . Title of Derivative Security 2. Conver- 3. Trans - 4. Trans- 5. Number of Deriv- 6. Date Exer- 7. Title and Amount of 8. Price 9. Number 10. Owner- I I . Nature (Instr. 3) sion or action action ative Securities cisable and Underlying Securities of ofderiv - ship of 0 Exercise Date Code Acquired (A) or Expiration Date (Instr. 3 and 4) Deriv. ative Form of Indirect 9) Price of ( instr. 8 ) Disposed of (D) (MonthlDay/ ative Secur . Deriv - Benefi- Deri- (Month/ (Instr. 3, 4, and 5) Year) Secur- itics etive cial G vative Day/ ity Bene - Security: Owner- Security Year) (instr fically Direct ship Jhl 5) Owned (D) or (Instr. 4) W at End Indirect N Date Expira- Amount or of (1) ont ( instr. 4) L Exer. tion Title Number of M h (instr.4) cisable Date Shares C ode V (A) (D)

Non-Qualified Stock Optlom (right to 55.69000 07/01/02 A V 300,000 07/01/03 07/01/12 Common Stock 300 ,000 300,000 D buy) (10) 0 0 Non-Qualified Stock Option (right to 510 .31000 05/28/02 A V 100,000 05/20/02 05/20/12 Common Stock 100,000 100,000 D n buy) (1I) (12) C 3 CD

co W t Cb

CD a 0 C) 0 N N 0 0 N Explanation of Responses:

See continuation page(s) for footnotes 0) CD W 0 •• intentional misstatements or omissions of facts constitute Federal Criminal Violations. ••Signature of Reporting son Date t -i, See 19 U.S.C. 1001 and 15 U.S.C. By: Uss C. Be" N Note: File three copies of this Form, one of which must be manually signed. If space Is Insufficient, For. Predeep Sindhu see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained In this form we not Page 2 of S pages Page 2 reouired to remand unless the form ditrohva a currently valid OMB Number. ccr SIR 11 011 n v co m (continued) UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL 01 Washington 20549 OMB Number: 3236-0287 FORM 4 , D.C. O Expires : September 30, 1998 t3) 0 Check this box If he longer Estimated average burden r subject Form to section 16. 4 or STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Per resp o nse 0.6 Form 5 obligations may continue. See instruction ((b). Filed pursuant to Section (6(a) of the Securities Exchange Act of 1934, Section 1 7(s) of the Public Utility (Print or Type Responses) Holding Company Act of 1935 or Section 30( f) of the Investment Company Act of 1940 W 1. Name and Address of Reporting Person' 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s) to Issuer IV (Check all applicable) v Sindhu Predee Juni per Networks , Inc. JNPR Director 10% Owner L Officer (Last) (First) (Middle) 3. I.R.S. Identification 4. Statement for Other {give title below) (spcctty Number of Reporting MonthfYear below) 1194 North Mathilds Avenue Person, If an entity (Voluntary) July 2002 (Street) v 5. If Amendment, 7. Individual or Joint/Group Filing (Check Applicable Line) 0 C) Date of Original __Form filed by One Reporting Person (Month/Year) C -Form tiled by More than One Reporting Person Sunnyvale, CA 94089 3 (City) (State) (Zip) CD Table I - Non-Derivative Securities Acquired , DlspoSed of, or Beneficially Owned

I. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount 7. O of 6. Owner- Nature of W (instr. 3) action action or Disposed of (D) Securities ship Indirect Date Code (intr. 3, 4 and 5) Beneficially Form : Beneficial to (instr. 8) Owned at Direct Owner- (Month/ End of month (D) or ship Day! (nd(roct TI year) (A) or (I nstr. 3 and 4) (1) Code V Amount (D) Price (]nstr.4) (lnstr.4) CD a Common Stock 07/16/02 J 2,978 0 11,356 1 by Sp Trust lit to (e) 0 O Common Stock 6,867 1 by Spouse 0 v Common Stock 07/)1/02 C V 40,000 A 40,000 1 by Trust (9) N 0 0 v

RECEIVE G^ 0) yC to CD

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T Reminder: Repon on t separate line for each than otsaatrilies ks eficittly owneddirectly or tndkeetty. •if the tbsm is filed by mare than one tepoAtnf puson, see Instruction 4(bXv). (Over) Potential persons who Ire to rend to the collection or information contained in this form am not reouinni to reseond unless the form displsq a arrendv valid OMB control number. Page 3 of 5 pates SEC 1474 (7.97) OMB AF `VAL :• (continued) UNITED STATES SECURITIES 'D EXCHANGE COMMISSION .1235.0287 n Washingto ., j . C. 20549 OMB Number: 0) FOK..JI 4 Expires : September 30, 1998 Cl) Estimated average burden CD Check this box if no longer El IN BENEFICIAL OWNERSHIP hours p er res p onse ...... 0.5 subject to Section 16. Form 4 or STATEMENT OF CHANGES f1 Form 5 obligations may continue. Exchange Act of 1934, Section 17(a) of the Public Utility O Sec Instruction l(b). Filed pursuant to Section 16( a) of the Securities C) u i,tin Comnan of 1935 or Section 30(f) of the Investment Company Act of 1940 (Print orTypc Responses) u Ac! 2. issuer Name and Ticker or Trading Symbol 6 . Relationship of Reporting Person(s) to Issuer 1 . N ame a nd Address of Reporting Person ' (Check all applicable) Director 10% Owner O Juni p er Networks , Inc. JNPR Sindhu, Predee (givOfficer Otherer 4 Statement for W (First) (Middle) 3. I.R.S. Identification ((giv e ti tle below) (specify below) N Number of Reporting Month/Year v Person, ifan entity 1194 North h1nthilda Avenue Jul y 2002 L (Voluntary) (Street ) 5. If Amendment, 7. Individual or Joint/Group Filing (Check Applicable Line) Date of Original -Form filed by One Reporting Person (Month/Year ) - Form filed by More than One Reporting Person Sunnyvale, CA 94089 v (City) (State) (Zip) or ficially Owned 0 Table I - Non-Derivative Securities Acquired , Disposed of, Bene C) C 4 . Securities Acquired (A) 5. Amount of 6. Owner- 7 , Nature of Tide of Security 2. Trans- 3. Trans- 3 action or Disposed of(D) Securities ship Indirect (Instr . 3 ) action CD Date Code ( lnstr. 3, 4 and 5) Beneficially Form : Beneficial ( Instr , 8) Owned at Direct Owner- (Month/ End of Month ( D) or ship 00 Indirect Day/ W (Instr . 3 and 4) (I) Year) ( A) or CD Code V Amount ( D) Price ( Instr.4) (Instr.4) 07/16/02 .1 2,978 D 11,358 1 by Sp Trust III Common Stock (1) (8) m 6,867 1 by Spouse Common Stock CD Q. V 40,000 A 40,000 1 by Trust (9) Common Stock 07/31/02 G O C) O v NJ O O v

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v see Instruction 4(b)(v). (Over Reminder. Report on n separate line for each class of securities beneficially owned directly or Indirectly. • If tha form is filed by more than one reporting person , required to respond unless the form disolevs a currently valid OMB control number, Page 3 of 5 pages SEC 1474 (7.97 Potential persons who are to respond to the collection of information contained in this form are not C) 0) FORM 4 (continued) Table 11 - Derivative Securities Acquired, Disposed of, or Beneficially Owned CD (e.g. puts, calls, warrants, options , convertible securities) 01 1. Title of Derivative Security 2. 5. Conver- 3. Trans- 4 Trans- Number of Deriv- 6. Date Exer- 7. Title and Amount of 8. Price 9. Number 10. Owner- I I. Nature O (Instr. 3) sion or action action alive Securities citable and Underlying Securities of of derly- ship of t) Exercise Date Code Acquired (A) or Expiration Date (Instr. 3 and 4) Deriv- alive Form of Indirect t Price of (Instr, 8) Disposed of(D) (Month/Day/ alive Secur- Deriv- Benefi- G Deri- (Month! (Insir. 3, 4, and 5) Year) Secur. ities alive cial vative Day/ ity Bene- Security: Owner- O ship Jhl Security Year) (Inst. fically Direct W 5) Owned (D) or (Inst, 4) N at End Indirect (1) Date Expira- Amount or of Mon th (Inst. 4) Exer- tion Title Number of (insir.4) cisable Date Shares Code V (A) (D) 0 0 n C 3 CD

W t CD

CD Q. 0 t) 0 N N 0 0 N Explanation of Responses:

See continuation page(s) for footnotes 0) (r CD

t) 0 - I' • e Intentional misstatements or omissions of facts constitute Federal Criminal Violations. "Signature of Reporting Person Date See 18 U.S.C. 1001 and IS U.S.C. Note: File three copies of this Form, one of which must be manually signed . If space is insbfcient, see Instruction 6 for procedure. Potential persons who we to respond to the collection of information contained in this form are not Page 4 of S pages Page 2 reouired to resound unless the form dlsoiavs a currently valid OMB Number. 4- , C) Sindhu, Pradeep Juniper Networks, lne. (JNPR) Page S of 5 pages 0) 1194 North Mathllda Avenue July 2002 Sunnyvale , CA 94089 CD lit O 9) t

( 1) Annual distribution by annuity trust to the Grantor. O (2) Held by the Pradeep Sindhu Annuity Trust I u/i did, 6/11/99 over which the Reporting Person exercises investment and voting control. W (3) Held by the Pradeep Sindhu Annuity Trust If u/I dtd. 6/ 11/99 over which the Reporting Person exercises Investment and voting control. N (4) Held by the Pradeep Sindhu Annuity Trust III u/i dtd . 6/11/99 over which the Reporting Person exercises Investment and voting control. v (5) Held by The Slndhu Family Trust dated October 31, 2000 , over which the Reporting Person and the Reporting Person 's spouse exercise Investment and voting control. L (6) Held by the Merle- Francoise Bertrand Annuity Trust I u/i dtd. 6/11/99 over which the Reporting Person exercises investment and voting control. (7) Held by the Marie- Francoise Bertrand Annuity Trust II u/I did. 6/ 11/99 over which the Reporting Person exercises Investment and voting control. (8) Held by the Marie-Francoise Bertrand Annuity Trust III u/ did 6111/99 over which the Reporting Person exercises investment and voting control. ( 9) Shares held by the Pradeep Sindhu Annuity which v Trust IV over the reporting person has investment and voting control. 0 ( 10) Vests as to 25% of the shares subject to the option on the first anniversary of the date of grant and monthly thereafter as to 1/48th of the shares subj ect to the option. f) C (11) Represents options granted In connection with the issuer's offer to exchange on the terms and subject to the conditions described In the Issuer ' s Schedule TO, as amended, and the exhibits thereto filed with the Securities and Exchange Commission. 3 CD ( 12) Vested as to 25% of the shares subject to the option on the date of grant with the remainder vesting In 32 equal monthly Installments.

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v Case 5:06-cv-04327-JW Document 83-10 Filed 06/07/2007 Page 1 of 13

EXHIBIT 9 C) UNITED STATES SECURITIES AND EXCHANGE COMMISSION 0MB APPROVAL 0) FORM 4 Washington, D.C. 20549 OMB Number. 3235.0207 CD Expires : September 30, 1998 0 Check this box if no longer Estimated average burden subject to Section 16. Form 4 or STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP h ours Per response .0.5 Form 5 obligations may continue. 9) See Instruction 1(b). Filed pursuant to Section 16(o) of the Securities Exchange Act of 1934 , Section 17(a) of the Public Utility (Print or Type Responses) Holding Company Act of 1935 or Section 30(1) of the Investment Company Act of 1940 1. Name and Address of Reporting Persona 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s) to Issuer D (Check all applicable) W Sindhu, Pradee p Juniper Networks, Inc. JNFR ^...- Director 10% Owner IV Of t v (Last) (First) (Middle) 3. I.R.S. Identification 4. Statement for -X- Other (give title below) (specify below) Number of Reporting Month/Year L entity 1194 North Mathilda Avenue Person, !fan Chief Technical Officer (Voluntary) Jul y 2002 (Street) 5. If Amendment, 7. Individual or JointtGroup Filing (Check Applicable Line) Date of Original Form filed by One Reporting Person v (Mont ear) -Form filed by More than One Reporting Person 0 Sunnyvale, CA 94089 C) (City) (State) (Zip) C Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 3 CD I. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature of (instr. 3) action action or Disposed of(D) Securities ship Indirect Date Code (Instr. 3, 4 and 5) Beneficially Form: Beneficial 170 (Instr. 8) Owned at Direct Owner- (Month/ End of Month (D) or ship Day/ Indirect C) Year) (A) or (Instr. 3 and 4) (I) Code V Amount (D) Price (Instr. 4) (Instr. 4) Common Stock 1,587,877 D 1l (D Common Stock 07/16/02 J 119,118 0 454,390 I by Annuity Q. (1) Trost 1(2) C) C) Common Stock 07/16/02 J 23,024 D 90,877 1 by Annuity (1) --a Trust 11(3) Common Stock 07/16/02 J 2,978 D 58 1 by Annolty 4 ell o Trust lit (4) IV cr C) Common Stock er- a^ 180,0 I by Daughter C) NZEM RECEIVED v Common Stock 07/16/02 J 291,848 A by Family Trust (1) Common Stock 07/31/02 C V 40,000 D 9,369.6 3 ;En by Family Trust 0) 9r (a (5) CD Stock Common CO/Ved ^a t by Son IV 0 Common Sleek 07/16102 J 119,118 D 790 1 by Sp Trust 1 ill (6) Cs) Common Sleek 07/16/02 (1 23,124 D 90,877 I by Sp Trust li

Reminder Report on a separate line for tech dais of securities beneficially owned directly or Indirectly . trthe Ibmr b filed by more than one reporting poison , me Inrwetioa 4(b)(v). (Over) Ilk-,Potential oersons who are to snood to the collection of inforrmtion contained in this foram are not rcaui ed to resound uoew the form disolavs a currmtly valid OMR control number. Pane I of 5 pates SEC 1474 (7-97) C) FORM 4 (continued) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned 0) (tr. outs. calls. warrants - nntinne _ ennvertible eer..ritt..e\ CD 1. Title of Derivative Security 2. Conver- 3. Trans- 4. Trans. 5. Number of Deriv- 6. Date Exer- 7. Title and Amount of 8. Price 9. Number 10. Owner- 1 1. Nature (Inslr. 3) sion action or action ative Securities cisable and Underlying Securities of of deriv- ship of O Code Exercise Date Acquired (A) or Expiration Date (lnsir. 3 and 4) Deriv- alive Form of Indirect 0) Price of (Instr. 8) Disposed of (D) (Month/Day/ ative Secur. Deriv- Beneti- n Deri- (Month/ (Instr. 3, 4, and 5) Year) Secur• ities ative cial votive Day/ (I Bene• y: ship Security Year) O (I nstr. fi cally Direct ship 5) Owned (D) or (loser. 4) W at End Indirect N (1) v Date Expire- Amount or of (Instr.4) Exer- tion Title Number of Month L cisable Date Shares (Instr.4) C ode V (A) (D) Non-Qualified Stock Option (right to 55.69000 07/01/02 V A 300,000 07/01/03 07/01/12 Common Stock 300,000 300,000 D buy) (10) v Non-Qualified Stock Option (right to 0 510.31000 05/28/02 A V 100, 000 05/28/02 05/28112 Common Stock 100,000 100,000 buy) (11) D (7 (12) C 3 CD

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a) CD _Zell e&A I Cu) Intentional misstatements or omissions of fads constitute Federal Criminal Violations. "Signature of Reporting son Date 0 See 1$ U.S.C. 1001 and IS U.S.C. 78fl(a). By: Lin C. Berry Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, For. Pradeep Sindhu W sea Instruction 6 for procedure. Potential parsons who are respond infi to to the collection of rmation contained in this forte are not Page 2 of S pages Page 2 required to tt mond unless the form disolava a currently valid OMB Number. CC/` 141, iv n1, C) W Cl) tD (cnnt(nued) UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL Cn FORM4 Washington, D.C. 20549 OMB Number: 3236-0287 1 Expires: Septembor 30, 1998 [] Check this box if no longer Estimated average burden Ot subject to Section 16. Form 4 or STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP houry per resp o nse 0.6 Form 5 oblieetlons may continue. See instruction t(b). Filed pursuant to Section (6( o) of the Securities Exchange Act of 1934, Section 17(s) of the Public Utility (Print or Type Responses) Holding Company Act of 1935 or Section 30(1) of the Investment Company Act of 1940 Cs) I. Name and Address of Repotting Person° 2. Issuer Name and Ticket or Trading Symbol 6. Relationship of Reporting Person(s) to Issuer N (Check all applicable) 4 Sindhu Predec Juniper Networks inc. JNPR) Director 1040 Owner L (Last) (First) (Middle) 3. I.R.S. Identification 4. Statement for Officer Other (give title below) Number of Reporting MonthfYtar (specify below) 1194 North Mathilda Avenue Person, if an entity (Voluntary) July 2002 (Street) v 5. If Amendment, 7. Individual or Joint/Group Filing (Check Applicable Line) 0 Date of Origins) -Form fiiod by One Reporting Person C) (Month/Year) C Sunnyvale, CA 94089 ,Form tiled by More than One Reporting Person 3 (City) (State) (Zip) CD Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security 2. Trans- 3. Traits- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature of O (Instr. 3) action action or Disposed of (D) Securities ship Indirect 00t Date Code (Intr. 3, 4 and 5) Beneficially Form: Beneficial 3 (Instr. 8) Owned at Direct Owner- O (Month/ End of Month (0) or ship Day/ Indirect Year) (A) or (Init. 3 and 4) (1) "7l Code V Amount (D) Price (Instr.4) (Instr.4) (D Common Stock 01/16/02 J 2,978 D 11,3S8 1 by Sp Trust 11I (8) O Common Stock 6,867 1 by Spouse 0 O Common Stock 07/31412 C V 40,000 A 40,000 t by Trust (9) 4 N O O 4

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Kemmoer; ttcpoi on a separate line for each class of sectritfm beneficially owned directly or indircetty. •If the farm is filed by taste than one reporting parson, see instruction 4(b)(v). (Over) Potential nersoes who are to resound to the collection or inrormation contained in this form are not required to remand unless the (brm disatars a em emir valid OMB control number. Pate 3 of 5 pages SEC 1474 (7-97) (continued) UNITED STATES SECURITIES 'D EXCHANGE COMMISSION OM B AF `VA L :. Washingtot„ i . C.20549 OMB Number : 4235.0287 0) FF Expires : September 30, 1998 Estimated average burden CD Check this box if no longer OWNERSHIP subject to Section 16. Form 4 or STATEMENT OF CHANGES IN BENEFICIAL hours er res p onse ...... 0.5 l1 Form 5 obligations may continue. to Section 16(a) of the Securities Exchange Act of 1934, Section 17 ( a) of the Public Utility O Sec Instruction 1(b). Filed pursuant C) or Section 30 (f) of the Investment Company Act of 1940 1s o r ..... nes.-...... s1 Holding Comoany Act of 1935 t, 1. Name and Address of Reporting Persona 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10%Owner O Slndhu, Pradee Juni p er Networks, Inc. JNPR Ofvie t Other Identification 4. Statement for W (Last) (First) (Middle) 3. I.R.S. (give title below) (specify below) N Number of Reporting Month/Year v Person, if an entity 1194 North M1athilda Avenue July 2002 L (Voluntary) (Street) 5. If Amendment, 7. Individual or JoinVGroup Filing (Check Applicable Line) Date of Original -Form filed by One Reporting Person (Month/Year) -Form filed by More than One Reporting Person Sunnyvale, CA 94089 v (City) (State) (Zip) 0 Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned C) C 1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) S. Amount of 6. Owner. 7. Nature of Securities ship Indirect 3 (Instr. 3) action action or Disposed of(D) CD Date Code (Instr. 3, 4 and 5) Beneficially Form: Beneficial (Instr. 8) Owned at Direct Owner- (Month/ End of Month (D) or ship 00 Day/ Indirect Year) (A) or (Instr. 3 and 4) (1) Code V Amount (D) Price (Instr.4) (Instr.4) O Common Stock 07/16/02 J 2,978 D 11,358 1 by Sp Trust III (11 (8)

Common Stock 6,867 1 by Spouse m CD Q. Common Stock 07/31/02 G V 40,000 A 40,000 I by Trust (9) O C) O v NJ O O v

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W Reminder. Report on n separate line for cacti class of securities beneficially owned directly or Indirectly. *If the form is filed by more then one reporting person , see Instruction 4(b)(v), (Over Potential persons who are to resoond to the collection of information contained in this form are not reeuired to resoond unless the form disolevs a currently valid OMB control number. Page 3 of 5 pages SEC 1474 (7-91, C) v FORM 4 (continued ) Table 11- Derivative Securities Acquired, of, Beneficially Owned Cn Disposed or CD (e.g. puts, calls, warrants, options , convertible securities) is Title Derivative 1. of Security 2. Conycr- 3. Trans- 4. Trans- 5. Number of Deriv- 6. Date Exer- 7. Title and Amount of 8. Price 9. Number 10. Owner- 111, Nature O (Instr. 3) sion or action aclion alive Securities cisable and Underlying Securities of of deriv- ship of Exercise Dale Code Acquired (A) or Expiration Date (Instr, 3 and 4) Deriv- alive Form of Indirect Price of (Instr, 8) Disposed of(D) (Month/Day/ ative Secur- Derly- Bcnefi- Derl- (Month/ (Instr. 3, 4, and 5) Year) Secur- hies alive dial vative Day/ ity Bent- Security: Owner- Security Year) (Instr. fically Direct ship Ca) S) Owned (D) or (Instr. 4) N at End Indirect v (I) Date Expira. Amount or of L on th (Instr. 4) Exer. tion Title Number of M (Instc 4) cisable Date Shares Code V (A) (D) v 0 C) C 3 CD

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See continuation page(s) for footnotes a) CD C) 0 $0 Intentional misatatcmcnts or omissions of facts constitute Federal Criminal Violations. "Signature of Reporting Person Date Sec is U.S.C. 1001 and IS U.S.C. 78ff(a). Ca) Note: File three copies of this Form, one of which must be manually signed. If space is insutTicient, see instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not Pete 4 or 5 page, rage 2 reouired to resoond unless the form dlsolavs a currently valid OMB Number. cc,•I'll , n„ i y . Sindhu , Pradeep C) Juniper Networks, Inc. (JNPR) Page S of 5 pages 0) 1194 North Mathilda Avenue July 2002 Cl) Sunnyvale, CA 94089 CD fn O 9)

(1) Annual distribution by annuity trust to the Grantor. O (2) Held by the Pradeep Sindhu Annuity Trust I u/I did. 6/11/99 over which the Reporting Person exercises investment and voting control. (3) Held W by the Pradeep Sindhu Annuity Trust 11 u/I did. 6/11/99 over which the Reporting Person exercises Investment and voting control. N (4) Held by the Pradeep Sindhu Annuity Trust III u/i did. 6/11/99 over which the Reporting Person exercises Investment and voting control. v (5) Held by The Sindhu Family Trust dated October 31, 2000, over which the Reporting Person and (he Reporting Person's spouse exercise Investment and voting control. L (6) Held by the Marie- Francolee Bertrand Annuity Trust I u/i dtd. 6/11/99 over which the Reporting Person exercises Investment and voting control. (7) Held by the Marie• Francoise Bertrand Annuity Trust ll u/i did. 6/11/99 over which the Reporting Person exercises Investment and voting control. (8) Hold by the Marie-Francoise Bertrand Annuity Trust M u/I did 6/11/99 over which the Reporting Person exercises investment and voting control. (9) Shares held by the Pradeep Sindhu Annuity Trust IV over which the reporting v person has investment and voting control. 0 (10) Vests as to 25% of the shares subject to the option on the first anniversary of the date of grant and monthly thereafter as to 1/48th of the shares subject to the option. C) (11) Represents options granted In C connection with the issuer's offer to exchange on the terms and subject to the conditions described In the Issuer's Schedule TO, as amended, and the exhibits thereto filed with the Securities and Exchange Commission. 3 CD (12) Vested as to 25% of the shares subject to the option on the date of grant with the remainder vesting In 32 equal monthly Installments.

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W Case 5:06-cv-04327-JW Document 83-10 Filed 06/07/2007 Page 8 of 13 Case 5:06-cv-04327-JW Document 83-10 Filed 06/07/2007 Page 9 of 13

UNITED STATES SECURITIES AND EXCHANGE OMB APPROVAL 3235-0287 COMMISSION OMB Number : FORM 4 Expires : January 31. 2005 [ ] Check this box if no Washington , D.C. 20549 Estimated average burden longer subject to Section 16. hours per response... 0.5 orm 4 or Form 5 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP obligations may continue. OF SECURITIES See Instruction 1(b). Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17( a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

Relationship of Reporting Person(s) to Issue I. Name and Address of Reporting Person ' . Issuer Name and Ticker or Trading Symbol . Check all applicable) SINDHU PRADEEP JUNIPER NETWORKS INC JNPR X _ Director - 10°i: Owner Officer (give title below) _ Other (specify . Date of Earliest Transaction X (Last) (First) (Middle) low) MM/DD/YYYY) Chief Technical Officer 1194 NORTH MATHILDA VENUE 9/26/2003 (Street) . If Amendment, Date Original Filed _ Individual or Joint/Group Filing (Check MM/DD/YYYY) Applicable Line) SUNNYVALE, CA 94089 X _ Form filed by One Reporting Person (City) (State) (zip) Form filed More than One R eporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

I Title of Security 2. Trans. 2A. 3. Trans. 4. Securities 5. Amount of Securities Beneficially Owned 6. 7. Nature lodirect (Intr. 3) Date Deemed Code Acquired (A) or Following Reported Transaction( s) Ownership of Execution (Intr. 8 ) Disposed of (D) (Instr. 3 and 4) Form : Beneficial Date, if (Instr. 3. 4 and 5) Direct (D) Ownership 4) my or Indirect (lostr. ( A ) (1)(tnstr. or 4) Code V Amount (D) Price

Table Il - Derivative Securities Beneficially Owned (e.g. , puts, calls, warrants, options , convertible securities) I. Title of Derivate 2. 3. Trans. 3A. 4. S. Number of 6. Date Exercisable 7. Title and Amount of 8. Price of 9. Number 10. 11. Nature Security Conversion Date Deemed Trans. Derivative and Expiration Date Securities Underlying Derivative of Ownership of Indirect (Intr. 3) or Exercise Execution Code Securities Derivative Security Security derivative Form of Beneficial Price of Date, if (Insp. Acquired (A) or (Instr. 3 and 4) (Instr. 5) Securities Derivative Ownership Derivative any 8) Disposed of(D) Beneficially Security : (Intr. 4) Security Owned Direct (D) (intr. 3,4 and Following or Indirect 5) Reported (1) (Intr. Transaction 4) t or Date Expiration (s) (Intr. 4) Title Amount of Exercisable Date Code V (A) (D) Shares

Non-Qualified Stock 9/262003 9/26/2004 9126/2013 Common Option right to buy) S15 A V 300000 300000 515 300000 D ( tt) Stoc k

Explanation of Responses: 1 Vests as to 25% of the shares subject to the option on the first anniversary of the date of grant and monthly thereafter as to 1 /48th of the ( ) shares subject to the option.

;eporting Owners Signatures Relationships By: Lisa C. Owner reporting Name /Address 10% Berry, attorney- irecto Officer the 9129/2003 caner in-fact For: INDHU PRADEEP Pradeep Sindhu 194 NORTH MATHILDA hiefTechnical Date .VENUE X O fficer Signature of Reporting UNNYVALE. CA 94089 Person

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Case 5:06-cv-04327-JW Document 83-10 Filed 06/07/2007 Page 10 of 13

* If the form is filed by more than one reporting person, see Instruction 4(bXv). Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently ralid OMB control number.

End of Filing

P°"".e ey E GA © 2005 EDGAR Online, Inc. Case 5:06-cv-04327-JW Document 83-10 Filed 06/07/2007 Page 11 of 13 Case 5:06-cv-04327-JW Document 83-10 Filed 06/07/2007 Page 12 of 13

UNITED STATES SECURITIES AND EXCHANGE OMB APPROVAL FORM 4 COMMISSION OMB Number: 3235-0287 Expires : January 31, 2008 [ 1 Check this box if no 20549 Washington , D.C. Estimated average burden longer subject to Section 16. hours per response... 0.5 arm 4 or Form 5 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP obligations may continue. OF SECURITIES See instruction 1(b). Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ' . Issuer Name and Ticker or Trading Symbol . Relationship of Reporting Person(s) to Issue Check all applicable) INDHU PRADEEP JUNIPER NETWORKS INC .INPR X _ Director - tOY. Owner Officer (give title below) _ Other ( specify (Last) (First) (Middle) . Date of Earliest Transaction X _ MM/DD/YYYY) low) Chief Technical Officer 1194 NORTH MATHILDA VENUE 4/29/2005 (Street) . If Amendment, Date Original Filed . Individual or Joint/Group Filing (Check MM/DD/YYYY) Applicable Line) SUNNYVALE, CA 94089 X Form filed by One Reporting Person (City) (State) (Zip) Form filed by More than One Reporting Person

Table I - Non -Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security 2. Trans. 2A. 3. Trans. 4. Securities 5. Amount of Securities Beneficially Owned 6. 7. Nature (Intr. 3) Date Deemed Code Acquired (A) or Following Reported Transaction(s) Ownership of Indirect Execution (Intr. 8) Disposed of (D) (Insa. 3 and 4) Form : Beneficial Date, if (Inm. 3.4 and 5 ) Direct (D) Ownership any (A ) or Indirect (Ins3r. 4) (1) (Intr. or Code V Amount (D) Price 4)

Table 11 - Derivative Securities Beneficially Owned (e.g. , puts, calls, warrants, options, convertible securities)

I. Title of Denvate 2. 3. Trans. 3A. 4. 5. Number of 6. Date Exercisable 7. Title and Amount of 8. Price of 9. Number 10. 11. Nature Security Conversion Date Deemed Trans. Derivative and Expiration Date Securities Underlying Derivative of Ownership of indirect (Instr. 3) or Exercise Execution Code Securities Derivative Security Security derivative Form of Beneficial Price of Date, if (Insp. Acquired (A) or (Intr. 3 and 4 ) (Intr. 5) Securities Derivative Ownership Derivative any 8) Disposed of (D) Beneficially Security : (intr. 4) Security Owned Direct (D) (Intr. 3, 4 and Following or indirect 5) Reported (1)(lnstr. Transaction 4) Amount or Date Expiration (Mutt. 4) Title Number of (s) Exercisable Date Code V (A) (D) Shares Non-Qualified Stock 4/29/2005 1/1/2006 4/29/2015 Common Option ( right to buy) S2Z.59 A 110000 110000 (2) 110000 D (p Stock

Non-Qualified Stock 429/2005 2/1/2006 4/29/2015 Common Option ( right to buy) 522.59 A 70000 70000 (2) 180000 D (3) Stock

Explanation of Responses: Vests as to 25% of the shares one year from the applicable vesting commencement date and in equal monthly installments thereafter over ( t) three years. (2) Non-Qualified Stock Option exercise price. The option will vest as to 1/48th of the shares on February 1, 2006 and in equal monthly installments of 1/48th on each monthly ( 3) anniversary thereafter.

teporting Owners Signatures Relationshi ps eponing Owner Name / Address By: Mitchell L. 10% fficer the 5/3/2005 k irecto caner Gaynor, Attorney- Case 5:06-cv-04327-JW Document 83-10 Filed 06/07/2007 Page 13 of 13

INDHU PRADEEP in-Fact For: 11194 NORTH MATHILDA Chief Technical Pradeep Si ndhu AVENUE X ficer Date UNNYVALE, CA 94089 Signature of Repomng Person

Reminder : Report on a separate line for each class of securities beneficially owned directly or indirectly. * I f the form is filed by more than one reporting person, see Instruction 4(b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations . See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

End of Filing Pb"'.e er JBIDGAIC

© 2005 1 EDGAR Online, Inc. Case 5:06-cv-04327-JW Document 83-11 Filed 06/07/2007 Page 1 of 14

EXHIBIT 10 UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL Washington , D.C. 20549 OMB Number: 3235-0281 0) FORM 4 Expires: September 30,1998 Cl) Check this box if no longer Estimated average burden CD subject to Section 16. Form 4 or STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP hours pe r res po nse 0.5 l,T Form 5 obligations may continue. See O Instruction 1(b). Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section I7(a) of the Public Utility C) Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 r riot or Type Responses) n 1. Name and Address of Reporting Person a 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person ( s) to Issuer (Check all applicable) O Director 10% Owner Gaai Marcel Junip er Networks , Inc. JNPR X Offi Other W (Last) (First) (Middle) 3. I.R.S. Identification 4. Statement for - ^ N ( give title below) ( specify below) Number of Reporting Month/Ycar v 1194 North Mathilda Avenue Person, If an entity Chief Financial Officer L Voluntary) December 2000 (Street) ( 5. If Amendment, 7. Individual or joinVGroup Filing (Check Applicable Line) Date of Original .Form filed by One Reporting Person (Month/Year) _Form filed by More than One Reporting Person Sunnyvale , CA 94089 v 0 (City) (State) (Zip) C) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned C 3 1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature of CD (Instr. 3) action action or Disposed of (D) Securities ship Indirect Date Code ( Instr. 3, 4 and 5) Beneficially Form: Beneficial (Intr. 8) Owned at Direct Owner- 00 (Month/ End of Montt (D) or ship Day/ Indirect Year) (A) or (Intr . 3 and 4) (1) Code V Amount (D) Price (Instr. 4) (Instr.4)

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Reminder. Report on a separate lino for each class of securities beneficially owned directly or indirectly . 'If the form is filed by more than one reporting person . see Instruction 4(b)(v). (Over) Potential oersaq who are to retooad to ttre collection of information contained in this form we not reouired to teooad unless the form ditolave a currently valid OMB control number. Page 1 of 3 pe fn SEC 1474 (7-97) FORM 4 (continued ) Table 11 - Derivative Securities Acquired , Disposed of, or Beneficially Owned (cg. puts, calls, warrants , options, convertible securities) (7 0) 1. Title of Derivative Security 2 . Conver- 3 . Trans. 4. Trans- 5. Number of Deriv- 6. Date Exer- 7. Title and Amount of 8. Price 9. Number 10. Owner- 11. Nature Cl) (Instr. 3 ) sion or action action alive Securities cisable and Underlying Securities of of deriv- ship of CD Exercise Date Code Acquired (A) or Expiration Date (Intr . 3 and 4) Deriv- ative Form of Indirect Price of (Instr. 8 ) Disposed of (D) (Month/Day/ ative Secur- Deriv- Denefl- ative Dcri- (Month/ ( Instr. 3, 4, and 5) Year) Seem- ities cial fA votive Day/ ity Bene- Security: Owner- r n Security Year) (Instr. freally Direct - ship S) Owned (D) or (Instr. 4) at End Indirect D of (1) Date £xpira• Amount or W Mon th (Intr . 4) Exer- don Title Number of N ( tnstr.4) cisable Date Shares v Code V (A) (D) L Non-Qualified Stock Option ( right to $93.93750 12121100 A V 100,000 01/01/03 1221/10 Common Stock 100,000 100,000 D buy) (1) v 0 C) C 3 CD

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m CD a 0 0) 0 4 NJ Explanation of Responses: C) C) v See continuation page(s) for footnotes a) (a I al CD cz^&ff Cu) " Intentional misstatements or omissions of facts constitute Federal Criminal Violations. Signature of Rep ng Person Date 0 See 18 U.S.C. 1001 and 15 U.S.C. 7811(a). By. Lim C. Bent' Note: File three copies ofthis Form, one of which must be manually signed. If space is insufficient, For. Marcel Qani see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not Page 2 of 3 pages Page 2 reouired to res0ond unless the form disolavs a currently valid OMB Number. CC(` I AlA 11 n1l Case 5:06-cv-04327-JW Document 83-11 Filed 06/07/2007 Page 4 of 14

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C Case 5:06-cv-04327-JW Document 83-11 Filed 06/07/2007 Page 5 of 14 UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL Washington , D.C. 20549 OMB Number: 3235-0287 0 FORM 4 1 Expires: September 30, 11998 0) U Check this box if no longer Estimated average burden Cl) CD subject to Section 16 . Form 4 or STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP hou rs p e r res p onse ...... 0.6 Form 5 obligations may continue. See Instruction 1(b). Filed pursuant to Section 16 ( s) of the Securities Exchange Act of 1934, Section I7(a) of the Public Utility O C) (Print or Tvnn Resnonsesl Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 r I . Name and Address of Reporting Person a 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director I0%Owner O Gan!, Marcel Juni p er Networks , Inc. JNPR - X - ( ive ti Other G) (First ) (Middle) 3. I.R.S. Identification 4. Statement for (Last) i e tle bel ow) ( specify below) IV Number of Reporting Month/Year Executive V ice and v Person , if an entity 1194 North Mathilda Avenue July 2002 Chief Financi a l Officer L (Voluntary ) (Street) 1 S.5. If Amendment, 7. Individual or Joint/Group Filing (Check Applicable Line) Date of Original . Form filed by One Reporting Person (Month/Year) _,_Form filed by More than One Reporting Person Sunnyvale , CA 94089 v 0 (City) (State) (Zip) C) Table I - Non-Derivative Securities Acquired, Disposed or, or Beneficially Owned C 3 1. Title of Security 2. Trans- 3 . Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature of CD (Instr. 3 ) action action or Disposed of(D) Securities ship Indirect Date Code (Instr. 3 , 4 and 5 ) Beneficially Form: Beneficial (Intr. 8) Owned at Direct Owner- 00 (Month/ End of Month ( D) or ship Day/ Indirect Year) (A) or (instr. 3 and 4) (1) Code V Amount (D) Price (Instr. 4 ) ( Instr, 4)

1l CD CL O C) T'ho on com 0 4 IV O O 4 sj2C ^ IvV AUG 1 2002 (a CD C) ^y . 20 0

Reminder : Repoli one separate line for each class of securities beneficially owned directly or indirectly. * if the form is filed by more than one reporting person, see Instruction 4(b)(v). (Over) Potential persons who are to resoond to the collection of information contained in this form are not reouired to respond unless the form disolavs a currently valid OMB control number . Page 1 61`3 p ages SEC 1474 (7-97) FORM 4 (continued) Table Il - Derivative Securities Acquired, Disposed of, or Beneficially Owned w (e.g. puts, calls, warrants, options, convertible securities) I. Title of Derivative Security n 2. Conver- 3. Trans- 4. Trans- 5. Number of Deriv. 6. Date Exer- 7. Title and Amount of 8. Price 9. Number 10. Owner. I I . Nature (Instr. 0) 3) sion or action action ative Securities cisable and Underlying Securities of of deriv- ship of Cl) Exercise Date Code Acquired (A) or Expiration Date (Instr. 3 and 4) Dcriv- alive Form of Indirect CD (lnstr. 8) Price of Disposed of (D) (Month/Day/ alive Secur- Deriv- Benefi- Deri- (Month/ (Instr, 3, 4, and 5) Year) Secur- hies ative cial O vative Day/ ity Bene- Security: Owner- 9) Security Year) (Instr. fically Direct ship Owned (D) or (Instr. 4) at End Indirect O (1) Date Expira- Amount. or of Month (Instr. 4) W Exer- tion Title Number of (Instr.4) IV cisable Date Shares v Code V (A) (D) L Non-Qualified Stock Option (right to 55.69000 07/01102 A V 500,000 07/01/03 07/01/12 Common Stock 500,000 500,000 D buy) (1) Non-Qualified Stock Option (right to $10.31000 05/28/02 A V 580,000 05128/02 05/28112 Common Stock 580,000 $1031000 580,000 D buy) (2) (3) v 0 C) C 3 CD

00

m CD a 0 0) 0 4 Explanation of Responses: N O O v See continuation page (s) for footnotes

a) (r^ CD •' Intentional misstatements or omissions of facts constitute Federal Criminal Violations. "Signature o Reportin erson Date v See 18 U.S.C. IDOI and IS U.S.C. 78t (a). By: Lisa C. Berry 0 Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, For: Marcel Gant see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not Page 2 of 3 pages Page 2 reouired to resoond unless the form displays a currently valid OMB Number. C CC' I e7A I'1 £1'II Gnni, Marcel Juniper Networks, Inc. (JNPR) Page 3 of 3 pages 1194 North MathildaAvenue July 2002 94089 Sunnyvale, CA n 0) CD Cii O (1) Vests as to 25% of the shares subject to the option on the first anniversary of the date of grant and monthly thereafter as to 1148th of the shares subject to the option. (2) Represents options granted in connection with the issuer's offer to exchange on the terms and subject to the conditions described in the Issuer's Schedule TO. as amended, < And the exhibits thereto filed with the Securities and Exchange Commission. (3) Vested as to 25% of the shares subject to the option on the date of grant with the remainder vesting in 24 equal monthly Installments. G) IV v L

v 0 C) C 3 CD

00

m CD a O 0) 0 4 NJ O O v

a) fa CD O 0 Case 5:06-cv-04327-JW Document 83-11 Filed 06/07/2007 Page 9 of 14 Case 5:06-cv-04327-JW Document 83-11 Filed 06/07/2007 Page 10 of 14

UNITED STATES SECURITIES AND EXCHANGE OMB APPROVAL COMMISSION OMB Number : 3235-0287 rFORM4 Expires: January 31. 2005 [ 1 Check this box if no Washington, D.C. 20549 Estimated average burden longer subject to Section 16, hours per response... 0.5 orm 4 or Form 5 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP continue. obligations may OF SECURITIES See Instruction 1(b).

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ' . Issuer Name and Ticker or Trading Symbol . Relationship of Reporting Person(s) to Issue Check all applicable) GANI MARCEL JUNIPER NETWORKS INC JNPR Director 10% Owner X Officer (give title below) Other (specify (Last) (First ) (Middle) . Date of Earliest Transaction - - MM/DD/YYYY) low) VP, Chief Financial Officer 1194 NORTH MATHILDA 9/26/2003 VENUE (Street) . If Amendment, Date Original Filed . Individual or Joint/Group Filing (Check MM/DD/YYYY) Applicable Line) UNNYVALE, CA 94089 X Form filed by One Reporting Person (City) (State) (Zip) Form filed by More than One Repo rting Person

Table I - Non -Derivative Securities Acquired, Disposed of, or Beneficially Owned l.Title of Security 2. Trans. 2A. 3. Trans. 4. Securities 5. Amount of Securities Beneficially Owned 6. 7. Nature (Intr. 3) Date Deemed Code Acquired (A) or Following Reported Transaction(s) Ownership of Indirect Execution (Intr. 8) Disposed of (D) (Intr. 3 and 4) Form : Beneficial Date, if (Intr. 3, 4 and 5) Direct (D) Ownership any or Indirect ( Intr. 4) (A) (1) or 4) (Intr. Code V Amount (D) Price

Table 11- Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) I. Title of Derivate 2. 3. Trans. 3A. 4. 5. Number of 6. Date Exercisable 7. Title and Amount of 8. Price of 9. Number 10. 11. Nature Security Conversion Date Deemed Trans. Derivative and Expiration Date Securities Underlying Derivative of Ownership of Indirect (Intr. 3) or Exercise Execution Code Securities Derivative Security Security derivative Form of Beneficial Price of Date, if (tnstr. Acquired (A) or (Intr. 3 and 4) (Intr. 5) Securities Derivative Ownership Derivative any 8) Disposed of (D) Beneficially Security : (Intr. 4) Security Owned Direct (D) (Intr. 3.4 and Following or Indirect 5) Reported (1) (Intr. Transaction 4) Amount or Date Expiration a) (Intr. 4) (D) Title Number of ( Exercisable Date Code V (A) Shares Non-Qualified Stock 9/26/2003 926!2000 9/26n913 Commou 500000 50~ 515 [500000 1 D Option (right to buy) $15 A V ( t) Stock

Explanation of Responses: Vests as to 25% of the shares subject to the option on the first anniversary of the date of grant and monthly thereafter as to 1 /48th of the (1) shares subject to the option.

Reportin g Owners Signatures Relationshi ps By: Lisa C. Deporting Owner Name / Address 10% Berry, attorney- irecto O Officer the 9/29/2003 wner in-fact For: .;ANI MARCEL Marcel Gani 194 NORTH MATHILDA VP, Chief Financial Date t.VENUE Officer Signature of Reporting >UNNYVALE, CA 94089 Person

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Case 5:06-cv-04327 -JW Document 83-11 Filed 06/07/2007 Page 11 of 14

if the form is filed by more than one reporting person . see Instruction 4(b)(v). Intentional misstatements or omissions of facts constitute Federal Criminal Violations . See 18 U .S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form , one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. °ersons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently :slid OMB control number.

End of Filing Pm-.d ey EDGAE:

© 2005 I EDGAR Online, Inc. Case 5:06-cv-04327-JW Document 83-11 Filed 06/07/2007 Page 12 of 14 Case 5:06-cv-04327-JW Document 83-11 Filed 06/07/2007 Page 13 of 14

UNITED STATES SECURITIES AND EXCHANGE OMB APPROVAL rF0RM4 COMMISSION OMB Number : 3235-0287 Expires : January 31. 2005 () Check this box if no Washington , D.C. 20549 Estimated average burden longer subject to Section 16. hours per response... 0.5 orm 4 or Form 5 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP obligations may continue. OF SECURITIES See Instruction 1(b).

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ' . Issuer Name and Ticker or Trading Symbol . Relationship of Reporting Person(s) to Issuer Check all applicable) ANI MARCEL JUNIPER NETWORKS INC .INPR Director I"% Owner (Last) (First) (Middle) . Date of Earliest Transaction - X Officer (give title below) - Other (specify MM/DD/YYYY) low) VP, Chief Financial Officer 1194 NORTH MATHILDA VENUE 4/16/2004 (Street) I. If Amendment, Date Original Filed . Individual or Joint/Group Filing (Check MM/DD/YYYY) Applicable Line) S UNNYVALE, CA 94089 X Form filed by One Reporting Person (City) (State) (Zip) Form filed More than One R eporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned I.Title of Security 2. Trans_ 2A. 3. Trans. 4. Securities 5. Amount of Securities Beneficially Owned 6. 7. Nature (Z. 3) Date Deemed Code Acquired (A) or Following Reported Transaction(s) Ownership of Indirect Execution (Instr. 8) Disposed of (D) (Inner. 3 and 4) Form: Beneficial Date, if (lnstr. 3, 4 and 5) Direct (D) Ownership any (A) or Indiirect (lnstr. 4) or (I)(lnstr. Code V Amount (D) Price 4) 411004 Common Stock A 281 A (I) 860353 1 by Trust

Common Stock 8547 D

Table 11 - Derivative Securities Beneficially Owned (e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivate 2. 3. Trans. 3A. 4. 5. Number of 6. Date Exercisable 7. Title and Amount of 8. Price of 9. Number 10. 11. Nature Security Conversion Date Deemed Trans. Derivative and Expiration Date Securities Underlying Derivative of Ownership of Indirect (Intr. 3) or Exercise Execution Code Securities Derivative Security Security derivative Form of Beneficial Price of Date, if (Intr. Acquired (A) or (Intr. 3 and 4) (Intr. 5) Securities Derivative Ownership Derivative any 8) Disposed 01(D) Beneficially Security: (Instr.4) Security Owned Direct (D) (Insp. 3, 4 and Following or indirect 5) Reported (I)(lnstr. Transaction 4) Amount or Expiration (s) (Intr. 4) Title Number of Exercisable Date Code V (A) (D) Date Shares Non-Qualified Stock 1/29/2004 U29/2014 Common Option (right to buy) $28.17 A 300000 300000 528.17 300000 D (2) Stock

Explanation of Responses: Received in exchange for 200 shares of Netscreen Technologies, Inc. common stock in connection with the merger of Netscreen ( 1) Technologies into Juniper Networks, Inc. (the "Merger"). On the effective date of the Merger, the closing price of Netscreen Tehnology Inc.'s common stock was $35.11 and the closing price of Juniper Networks, Inc.'s common stock was $25.17. Vests as to 25% of the shares subject to the option on the first anniversary of the date of grant and monthly thereafter as to 1/48th 2) of the ( shares subject to the option.

te ortin Owners Signatures Relationshi ps eporting Owner Name / Address By: Mitchell L. kirectolO% Officer Othe Gaynor, attorney- Case 5:06-cv-04327-JW Document 83-11 Filed 06/07/2007 Page 14 of 14

caner in-fact For: 4/19/2004 ANI MARCEL Marcel Gani 1194 NORTH NIATHILDA VP, Chief Financial Date A VENUE Officer Signature of Reponing SUNNYVALE, CA 94089 Person

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person , see Instruction 4(b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed . If space is insufficient, see Instruction 6 for procedure. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

End of Filing Jab. ey

© 2005 1 EDGAR Online, Inc. Case 5:06-cv-04327-JW Document 83-12 Filed 06/07/2007 Page 1 of 5

EXHIBIT 11 Case 5:06-cv-04327-JW Document 83-12 Filed 06/07/2007 Page 2 of 5

Table of Contents

SCHEDULE 14A INFORMATION

PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934

(AMENDMENT NO.__)

Filed by the Registrant [X]

Filed by a Party other than the Registrant [ ]

Check the appropriate box:

[ ] Preliminary Proxy Statement [X] Definitive Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Additional Materials Soliciting Material Pursuant to sec. 240.14a-11(c) or sec. 240.14a-12

JUNIPER NETWORKS, INC.

(Name of Registrant as Specified In Its Charter)

(Name of Person ( s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box):

[X] Fee not required. Fee computed on table below per Exchange Act Rules 14a-6(i)( 1) and 0-11. (1) Title of each class of securities to which transaction applies:

(2) Aggregate number of securities to which transaction applies:

(3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):

(4) Proposed maximum aggregate value of transaction:

(5) Total fee paid:

Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11 (a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (I) Amount Previously Paid:

(2) Form, Schedule or Registration Statement No.:

(3) Filing Party:

(4) Date Filed: Case 5 :06-cv-04327-JW Document 83-12 Filed 06/07/2007 Page 3 of 5

Table of Contents

COMMON STOCK OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth information, as of March 22, 2004, concerning:

• Beneficial owners of more than 5% of Juniper Networks' common stock; the Summary Compensation • beneficial ownership by current Juniper Networks directors and nominees and the named executive officers set forth in table on page 20; and

• beneficial ownership by all current Juniper Networks directors and Juniper Networks executive officers as a group.

Exchange Commission and The information provided in the table is based on Juniper Networks' records, information filed with the Securities and information provided to Juniper Networks, except where otherwise noted.

rules of the Securities and Exchange The number of shares beneficially owned by each entity, person, director or executive officer is determined under rules, beneficial ownership Commission, and the information is not necessarily indicative of beneficial ownership for any other purpose. Under such that the individual has the right includes any shares as to which the individual has the sole or shared voting power or investment power and also any shares otherwise indicated, each to acquire as of May 21, 2004 (60 days after March 22, 2004) through the exercise of any stock option or other right. Unless following table. person has sole voting and investment power (or shares such powers with his spouse) with respect to the shares set forth in the

BENEFICIAL OWNERSHIP TABLE

Amount and Nature of Beneficial Percent Name and Address of Beneficial Owner Ownership(' ) of Classti>

Holders of Greater Than 5% AXA Financial, Inc. 53,578,905(2) 13.5% 1290 Avenue of the Americas New York, NY 10104 FMR Company 28,176,5250> 7.1% 82 Devonshire Street, Boston , MA 02109 000(4) Oak Associates , Ltd 20,125 5.1% 3875 Embassy Parkway Akron, OH 44333 Siemens Corporation 35,815,206[5) 9.1% 153 East 53rd Street New York, NY 10022

-17- Case 5 :06-cv-04327-JW Document 83-12 Filed 06/07/2007 Page 4 of 5

Table csf Con ents

Amount and Nature of Beneficial Percent Name and Address of Beneficial Owner Ownership(') of Class(l)

Directors, Nominees and Named Executive Officers: Robert M . Calderoni (6) 19,444 James A. Dolce, Jr. (7) 2,700,012 Marcel Gani (5) 1,209,660 Kenneth Goldman(9) 28,222 * William R. Hearst III (10) 1,054,351 Scott Kriens111 t 16,261,414 4.1% Ashok Krishnamurthi('2 876,754 Kenneth Levy(13) 41,666 Stratton Sclavos(14 ) 89,666 Pradeep Sindhu('5) 12,499,916 3.1% William R. Stensrud('6) 1,525,897 All Current Directors and Executive Officers as a 36,307,002 9.2% Group ( 11 persons)('7)

* Represents holdings of less than one percent.

(1) Pursuant to Rule 13d-3(d)(1) of the Securities Exchange Act of 1934, as amended, "Vested Options" are options that may be exercised as of May 21, 2004 (60 days after March 22, 2004). The percentages are calculated using 395,853,580 outstanding shares of the Company's common stock on March 22, 2004 as adjusted pursuant to Rule 13d-3(d)(I)(i).

(2) Based on information reported on Schedule 13G filed with the Securities and Exchange Commission on February 10, 2004. AXA Financial, Inc. is the parent holding company for several entities that hold our common stock as investment advisors, including Alliance Capital Management L.P. which holds 53,578,905 shares on behalf of client discretionary investment advisory accounts.

(3) Based on information reported on Schedule 13G filed with the Securities and Exchange Commission on February 17, 2004.

(4) Based on information reported on Schedule 13G filed with the Securities and Exchange Commission on February 10, 2004

(5) Based on information reported on Schedule 13G filed with the Securities and Exchange Commission on July 10, 2002. Siemens Corporation acquired the shares in connection with the Company's acquisition of Unisphere Networks.

(6) Consists of shares which are subject to options that may be exercised within 60 days of March 22, 2004.

(7) Includes 2,537,251 shares which are subject to options that may be exercised within 60 days of March 22, 2004.

(8) Includes 860,072 shares held in the name of the Marcel Gani 2002 Living Trust Dated June 6, 2002 of which Mr. Gani is the trustee and 341,041 shares which are subject to options that may be exercised within 60 days of March 22, 2004.

(9) Includes 22,222 shares which are subject to options that may be exercised within 60 days of March 22, 2004.

(10) Includes 48,333 shares which are subject to options that may be exercised within 60 days of March 22, 2004.

(I I) Includes 11,581,672 shares held by the Kriens 1996 Trust, of which Mr. Kriens and his spouse are the trustees and 2,383,333 shares which are subject to options that may be exercised within 60 days of March 22, 2004.

(12) Includes 486,529 shares which are subject to options that may be exercised within 60 days of March 22, 2004.

(13) Consists of shares which are subject to options that may be exercised within 60 days of March 22, 2004.

(14) Includes 81,666 shares which are subject to options that may be exercised within 60 days of March 22, 2004.

-18- Case 5:06-cv-04327-JW Document 83-12 Filed 06/07/2007 Page 5 of 5

Table of Contents

(I5) Includes 360,000 shares held in custody for Dr. Sindhu's children pursuant to the California Uniform Transfers to Minors Act, 908,780 shares held in trusts for the benefit of Dr. Sindhu's children, 33,076 shares held in the Pradeep Sindhu Annuity Trust, 8,304,162 shares held by the Sindhu Family Trust and 6,867 shares held by Dr. Sindhu's spouse. Also includes 1,296,406 shares which are subject to options that may be exercised within 60 days of March 22, 2004.

(16) Includes 1,337,352 shares held in a trust as community property and 61,666 shares which are subject to options that maybe exercised within 60 days of March 22, 2004.

(17) Includes all shares reference in notes 6 through 16 above. SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

Section 16(a) of the Securities Exchange Act of 1934, as amended, requires our directors, executive officers and holders of more than 10% of Juniper Networks common stock to file with the Securities and Exchange Commission reports regarding their ownership and changes in ownership of our securities. Juniper Networks believes that, during fiscal 2003, its directors, executive officers and 10% stockholders complied with all Section 16(a) filing requirements. In making this statement, Juniper Networks has relied upon examination of the copies of Forms 3, 4 and 5, and amendments thereto, provided to Juniper Networks and the written representations of its directors, executive officers and 10% stockholders.

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

The Company reimburses Mr. Kriens for his use of a personal aircraft for business purposes at the rate of $1500 per flying hour, not to exceed an aggregate of $300,000 in any one calendar year.

-19- EXHIBIT 12 JUNIPER CLOSING STOCK PRICE JULY 9, 2001 - AUGUST 14, 2006

JNPR =

30

25

20

15

10

"31 .. 2001 2002 2003 2004 2005 2006 Case 5:06-cv-04327-JW Document 83-14 Filed 06/07/2007 Page 1 of 4

EXHIBIT 13 Case 5 : 06-cv-04327-JW Document 83-14 Filed 06/07/2007 Page 2 of 4

Table of Contents

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K

(Mark one)

Q ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2004

OR

q TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number 0-26339 JUNIPER NETWORKS, INC.

(Exact name of registrant as specified in its charter)

Delaware 77-0422528

(State or other jurisdiction of incorporation or (IRS Employer Identification No.) organization)

1194 North Mathilda Avenue Sunnyvale, California 94089 (408) 745-2000

(Address of principal executive offices , (Registrant ' s telephone number, including zip code) including area code)

Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to Section 12(g) of the Act: Common stock, $0.00001 par value

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filings requirements for the past 90 days. Yes EI No q

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of the Registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of the Form 10-K or any amendment to this Form 10-K. q

Indicate by check mark whether the registrant is an accelerated filer (as defined by Exchange Act Rule 12b-2). Yes 0 No q

The aggregate market value of the Common Stock held by non-affiliates of the Registrant was approximately $9,467,666,000 as of the end of the Registrant's second fiscal quarter, (based on the closing price for the Common Stock on the NASDAQ National Market on June 30, 2004).

As of February 28, 2005 there were approximately 543,714, 000 shares of the Registrant ' s Common Stock outstanding

DOCUMENTS INCORPORATED BY REFERENCE

As noted herein, the information called for by Part III is incorporated by reference to specified portions of the Registrant's definitive proxy statement to be issued in conjunction with the Registrant's 2005 Annual Meeting of Stockholders, which is expected to be filed not later than 120 days after the Registrant's fiscal year ended December 31, 2004. Case 5:06-cv-04327-JW Document 83-14 Filed 06/07/2007 Page 3 of 4

Table of Contents

ITEM 4. Submission of Matters to a Vote of Security Holders

No matters were submitted to a vote of security holders during the fourth quarter of the fiscal year covered by this report.

PART II

ITEM 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

(a) Our common stock has been quoted on the NASDAQ National Market under the symbol "JNPR" since June 25, 1999. Prior to that time, there was no public market for the common stock. All stock information has been adjusted to reflect the three-for-one split, effected in the form of a stock dividend to each stockholder of record as of December 31, 1999 and a two-for-one split, effected in the form of a stock dividend to each stockholder of record as of May 15, 2000. Juniper Networks has never paid cash dividends on its common stock and has no present plans to do so. There were approximately 1,700 stockholders of record at January 31, 2005. The following table sets forth the high and low closing bid prices as reported on NASDAQ: High Low 2003 First quarter $ 9.69 $ 7.36 Second quarter $ 14.45 $ 8.16 Third quarter $ 18.00 $ 12.63 Fourth quarter $ 19.01 $ 15.17 2004 First quarter $ 30.39 $ 19.68 Second quarter $ 27.55 $ 19.90 Third quarter $ 25.72 $ 20.20 Fourth quarter $ 29.08 $ 23.66 (b) None

(c) Issuer Purchases of Equity Securities

Total Number of Approximate Dollar Shares Purchased as Value of Shares that Total Number Average Price Part of Publicly May Yet Be of Shares Paid per Announced Plans or Purchased Under the (in thousands, except per share amounts) Purchased Share Programs Plans or Programs(1) October 1, 2004 to October 31, 2004 347 $ 24.20 347 $ 186,390 November 1, 2004 to November 30, 2004 $ - $ - December 1, 2004 to December 31, 2004

Total 347 $ 24.20 347 $ 186,390

(1) On July 13, 2004, we announced that our Board of Directors approved a new program to repurchase up to $250 million of the company's common stock. During 2004, we repurchased and retired 2.9 million shares of our common stock at an average price of $22.17 per share for an aggregate purchase price of $63.6 million. The program may be discontinued at any time. ITEM 6. Selected Consolidated Financial Data

The following selected consolidated financial data should be read in conjunction with Item 7 "Management's Discussion and Analysis of Financial Condition and Results of Operations" and the consolidated financial statements and the notes thereto in Item 8 "Financial Statements and Supplementary Data."

-14- Case 5:06-cv-04327-JW Document 83-14 Filed 06/07/2007 Page 4 of 4

Table of Contents

Common Stock Reserved for Future Issuance

issuance under all At December 31, 2004, Juniper Networks had reserved an aggregate of approximately 179,648,000 shares of common stock for future its Stock Option Plans, the 1999 Employee Stock Purchase Plan and for future issuance upon conversion of convertible senior notes.

Common Stock Repurchase Program

Company's During July 2004, the Company announced that its Board of Directors approved a new program to repurchase up to $250.0 million of the per share for an common stock. During 2004, the Company repurchased and retired 2.9 million shares of its common stock at an average price of $22.17 aggregate purchase price of $63.6 million. The program may be discontinued at any time.

Note 11. 401 (k) Plan

amended. All Juniper Networks maintains a savings and retirement plan qualified under Section 401(k) of the Internal Revenue Code of 1986, as contribute up to 60% of their employees are eligible to participate on their first day of employment with Juniper Networks. Under the plan, employees may employee contributions. The pretax salaries per year but not more than the statutory limits. Beginning January 1, 2001 Juniper Networks began matching contributions vest immediately. The matching formula was $0.50 on the dollar up to 6% of eligible pay (up to an annual maximum of $2,000). All matching Company's matching contributions to the plan totaled $3.1 million, $2.0 million and $2.0 million in 2004, 2003 and 2002, respectively.

Note 12. Segment Information incur expenses An operating segment is defined as a component of an enterprise that engages in business activities from which it may earn revenue and in deciding how to and about which separate financial information is available that is evaluated regularly by the chief operating decision maker ("CODM") basis, accompanied by allocate resources and in assessing performance. The Company's CODM reviews financial information presented on a consolidated decisions and disaggregated information about revenues by geographic theater and by categories of similar products for purposes of making operating theaters and its product assessing financial performance. For purposes of allocating resources, the Company evaluates the performance of its geographic products on other categories based only on revenues. The Company does not assess the performance of its geographic theaters or categories of networking geographic measures of income or expenses. Accordingly, the Company operates as one operating segment. Below are the Company's net revenues by theater (in millions):

Year Ended December 31 2004 2003 2002 300.0 Americas $ 609.1 $ 296.2 $ 380.5 186.4 131.1 Europe, Middle East and Africa 115.4 Asia Pacific 346.4 218.8 701.4 $ 546.5 Total $ 1,336.0 $

December 31, 2004, 2003 and Net revenues attributable to the United States were $561.8 million, $268.2 million and $269.0 million for the years ended December 31, 2004, 2003 2002, respectively. Net revenues attributable to Japan were $158.7 million, $102.4 million and $56.8 million for the years ended and 2002, respectively. -67- Case 5:06-cv-04327-JW Document 83-15 Filed 06/07/2007 Page 1 of 3

EXHIBIT 14 Case 5:06-cv-04327-JW Document 83-15 Filed 06/07/2007 Page 2 of 3

Table of Contents

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 1O-Q

(Mark One) R1 QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2006 OR q TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-26339 JUNIPER NETWORKS, INC. (Exact name of registrant as specified in its charter)

Delaware 77-0422528 (State or other jurisdiction of (IRS Employer incorporation or organization) Identification No.) 1194 North Mathilda Avenue (408)745-2000 Sunnyvale , California 94089 (Registrant's telephone number, (Address of principal executive offices, including area code) including zip code)

Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filings requirements for the past 90 days. Yes 0 No O Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of "accelerated filer and large accelerated filer" in Rule 12b-2 of the Exchange Act. (Check one): Large Accelerated Filer a Accelerated Filer q Non-Accelerated Filer q Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes q No W There were approximately 565,750,000 shares of the Company's Common Stock, par value $0.00001, outstanding as of April 30, 2006. Case 5:06-cv-04327-JW Document 83-15 Filed 06/07/2007 Page 3 of 3 Table of Contents

Our SLT segment offers solutions that meet a broad array of our customer's priorities, from protecting the network itself, and protecting data on the network, to maximizing existing bandwidth and acceleration of applications across a distributed network. Together, our secure networking solutions help enable our customers to convert networks that provide commoditized, best efforts services into more valuable assets that provide differentiation and value and increased reliability and security to end users. Our Service segment delivers world-wide services, including technical support, professional services, as well as a number of education and training programs, to customers of the Infrastructure and SLT segments. During the first quarter of 2006, we focused on product innovation and our customers' needs. Consistent with this focus, we re-aligned our session border control products from the SLT segment to the Infrastructure segment. New products released during this period included the Secure Services Gateway ("SSG") Series, a new line of high-performance firewall/virtual private network ("VPN") platforms with integrated local-area and wide-area network routing interfaces.

Of the total net revenue for the first quarter of 2006, 64% attributed to infrastructure products, 20% to SLT products and 16% to Service. From a geographic perspective, 46% of the total revenue was generated in the Americas region, 36% in the Europe, Middle East and Africa (EMEA) region and 18% in the Asia Pacific region. Significant Events Stock Repurchase Activity In the three months ended March 31, 2006, we repurchased and retired 10,071,100 common shares at an average price of $18.51 per share as part of our Common Stock Repurchase Program. As of March 31, 2006, a total of 12,939,700 common shares had been repurchased and retired since the inception of the program, equating to approximately $250 million at an average price of $19.32 per share. Operating Segments The Infrastructure segment includes products from the E-, M- and T-series router product families as well as the circuit-to-packet products and session border control products. The SLT segment includes Security products and Application Acceleration products. Security products consist of firewall and VPN systems and appliances, secure sockets layer VPN appliances, intrusion detection and prevention appliances, and the J-series router product family. Application Acceleration products consist of application front end platforms and wide area network ("WAN") optimization platforms. Stock-Based Compensation We adopted the fair value recognition provisions of Statement of Financial Accounting Standards No. 123 (revised 2004), "Share-Based Payment" ("SFAS 123R") effective January 1, 2006, using the modified prospective transition method and, therefore, have not restated prior periods' results. During the first three months of 2006, we issued to our employees and directors stock options, restricted stock units ("RSUs") and employee stock purchases under our Employee Stock Purchase Plan. Under SFAS 123R, we recorded stock-based compensation expense of $23.1 million for the three months ended March 31, 2006, compared to $3.4 million for the same period in 2005 when we recognized stock-based compensation expense under the intrinsic value recognition provisions of APB Opinion No. 25, Accounting for Stock Issued to Employees ("APB 25"). Nature of Expenses We have an extensive distribution channel in place that we use to target new customers and increase sales. We have made substantial investments in our distribution channel since 2004.

24 EXHIBIT 15 JUNIPER CLOSING STOCK PRICE JUNE 1, 2005 - JUNE 1, 2007

]NPR =

III I'I

41

24

22 M1

^ L• L

G

r ifs

2005 Aug Sep Oct Nov Dec 2006 Feb Mar Api May Jun Jul Aug Sep Oct Now Dec 2007 Feb hear Apr May Case 5:06-cv-04327-JW Document 83-17 Filed 06/07/2007 Page 1 of 4

EXHIBIT 16 EDGAR filing^l^o^ ments for 0000891618-00-002145 Page 1 of 1 as 5 -cv-04327-JW Document 83-17 Filed 06/07/2007 Page 2 of 4

SEC EDGAR Filing Information

Form D EF 14A -- Other definitive proxy statements

SEC Accession No. Period of Report: 2000 - 05-04 0000891618 - 00-002145 Documents: 1 Filing date: 2000-04-13 Accepted: 2000 - 04-13 00:00:00

Table of submitted documents:

Seq Type Document Size Description 1 DEF 14A 69904 DEFINITIVE PROXY MATERIALS 00008 91 618-0 0- Q02145.txt 71328 Complete submission text file

Filer Information:

JUNIPER NETWORKS INC (Filer ) ( 0001043604 ) IRS No.: 770422528 1 State of Incorp.: DE I Fiscal Year End: 1231 Type: DEF 14A I Act: 34 1 File No.: 0_00-26339 1 Film No.: 600477 SIC: 3576 Computer Communications Equipment

Business Address Mailing Address 385 RAVEN DALE DR 385 RAVENDALE DR MOUNTAIN VIEW CA 94043 MOUNTAIN VIEW CA 94043 6505268000

http : //www. sec. gov/Archive s/edgar/data/ 1043 604/00008 91618 -00-00214 5 -index.html 6/7/2007 Case 5:06-cv-04327-JW Document 83-17 Filed 06/07/2007 Page 3 of 4

1 1934 Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of

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Check the appropriate box:

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[ I Soliciting Material Pursuant to Section 240.14a-11(c) or Section 240.14a-12

JUNIPER NETWORKS, INC. Lisa C. Berry Vice President, General Counsel and Secretary

Payment of Filing Fee:

[X] No fee required.

$125 per Exchange Act Rules 0-11(c)(1)(ii), 14a-6(i)(1),or 14a-6(j)(2).

] $500 per each party to the controversy pursuant to Exchange Act Rule 14a-6(i)(3).

Fee computed per table below per Exchange Act Rules 14a-6(i)(4) and 0-11.

(1) Title of each class securities to which transaction applies:

------

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------

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Set forth the amount on which the filing fee is calculated and state how it was determined.

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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

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------Case 5 : 06-cv-04327-JW Document 83-17 Filed 06/07/2007 Page 4 of 4

2

LOGO

NOTICE OF 2000 ANNUAL MEETING OF STOCKHOLDERS

The 2000 Annual Meeting of Stockholders of Juniper Networks, Inc. will be held on Thursday, May 4, 2000 at 9:00 a.m. at The Historic Del Monte Building, 100 South Murphy Street, Third Floor, Sunnyvale, California 94086, to conduct the following business:

1. Elect two directors for three-year terms;

2. Amend the Certificate of Incorporation to increase the number of authorized shares of common stock;

3. To ratify the appointment of Ernst & Young LLP as the Company's independent auditors for the fiscal year ending December 31, 2000; and

4. To consider such other business as may properly come before the meeting.

Stockholders who owned shares of Juniper Networks common stock at the close of business on March 7, 2000 are entitled to attend and vote at the meeting. A complete list of the Company's stockholders will be available at the Company's offices at 529 Almanor, Sunnyvale, California 94086 prior to the meeting.

By Order of the Board of Directors

Lisa C. Berry Vice President, General Counsel and Secretary

This notice of meeting and proxy statement and accompanying proxy card are being distributed on or about April 13, 2000. ------

As a stockholder of Juniper Networks, Inc. you have a right to vote on certain matters affecting the Company. This proxy statement describes the proposals you are voting on this year. It contains important information for you to consider when deciding how to vote so please read it carefully.

YOUR VOTE IS IMPORTANT. ------Case 5:06-cv-04327-JW Document 83-18 Filed 06/07/2007 Page 1 of 4

EXHIBIT 17 EDGAR Filing Documents for 0001095811-01-500712 Page 1 of 1 Case 5 : 06-cv-04327-JW Document 83-18 Filed 06/07/2007 Page 2 of 4

SEC EDGAR Filing I n for m ation

Form [REF 14A -- Other definitive proxy statements

SEC Accession No. Period of Report: 2001 - 05-09 0001095811 - 01-500712 Documents: 1 Filing date: 2001-03-28 Accepted: 2001-03-28 00:00:00

Table of submitted document :

Seq Type Document Size Description 1 DEF 14A f710 33dedefl4 a.txt 78459 DEFINITIVE PROXY STATEMENT 0 00 109.58.11 -0 150.0.712 . txt 79919 Complete submission text file

Filer Information,

JUNIPER NETWORKS INC (Filer) ( 0001043604) IRS No.: 770422528 1 State of Incorp.: DE I Fiscal Year End: 1231 Type: DEF 14A S Act: 34 I File No.: 000-26339 1 Film No.: 1582066 SIC: 3576 Computer Communications Equipment

Business Address Mailing Address 1194 NORTH MATHILDA AVE 1194 NORTI I MATHILDA AVE SUNNYVALE CA 94089 SUNNYVALE CA 94089 6505268000

http://www. sec.gov/Archives/edgar/data/ 1043604/0001095 81101500712/0001095 811-01-5... 6/7/2007 Case 5:06-cv-04327-JW Document 83-18 Filed 06/07/2007 Page 3 of 4

1

SCHEDULE 14A (RULE 14A-101)

INFORMATION REQUIRED IN PROXY STATEMENT

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Juniper Networks, Inc. ------(Name of Registrant as Specified In Its Charter)

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Payment of Filing Fee (Check the appropriate box):

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Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.

(1) Title of each class of securities to which transaction applies:

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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

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(4) Date Filed: Case 5:06-cv-04327-JW Document 83-18 Filed 06/07/2007 Page 4 of 4

2 [JUNIPER NETWORKS LOGO]

NOTICE OF 2001 ANNUAL MEETING OF STOCKHOLDERS

The 2001 Annual Meeting of Stockholders of Juniper Networks, Inc. will be held on Wednesday, May 9, 2001 at 9:00 a.m. at The Historic Del Monte Building, 100 South Murphy Street, Third Floor, Sunnyvale, California 94086, to conduct the following business:

1. Elect two directors for three-year terms;

2. To ratify the appointment of Ernst & Young LLP as the Company's independent auditors for the fiscal year ending December 31, 2001; and

3. To consider such other business as may properly come before the meeting.

Stockholders who owned shares of Juniper Networks common stock at the close of business on March 19, 2001 are entitled to attend and vote at the meeting. A complete list of the Company's stockholders will be available at the Company's offices at 1194 North Mathilda Avenue, Sunnyvale, California 94089 prior to the meeting.

By Order of the Board of Directors

Lisa C. Berry Vice President, General Counsel and Secretary

This notice of meeting and proxy statement and accompanying proxy card are being distributed on or about March 31, 2001.

As a stockholder of Juniper Networks, Inc., you have a right to vote on certain matters affecting the Company. This proxy statement describes the proposals you are voting on this year. It contains important information for you to consider when deciding how to vote so please read it carefully.

YOUR VOTE IS IMPORTANT. ------Case 5:06-cv-04327-JW Document 83-19 Filed 06/07/2007 Page 1 of 29

EXHIBIT 18 Case 5 :06-cv-04327-JW Docu ment 83-19 Filed 06/07/2007 Page 2 of 29 „ Case 3:04-cv-01589-JAH-NLS Document 103-1 Filed 03/09/2006 Page 2 of 29

1 F!LED

2 Liu Fis,., 9 Fri 2: 04

3 .X L SQJrItF$H751RiC T c u o a 4 9Y ^iUTY 5

6

7

8 UNITED STATES DISTRICT COURT

9 SOUTHERN DISTRICT OF CALIFORNIA

10 In re WIRELESS FACILITIES, INC. Civil No. 04cvl589 JAH(NLS) SECURITIES LITIGATION, 11 ORDER GRANTING IN PART AND DENYING IN PART THE 12 WIRELESS DEFENDANTS' MOTION TO DISMISS SECOND 13 AMENDED CLASS ACTION COMPLAINT [DOC. # 831 AND 14 This Document Relates to: GRANTING DEFENDANT KPMG LLP'S MOTION TO DISMISS 15 ALL ACTIONS. SECOND AMENDED CONSOLIDATED CLASS ACTION 16 COMPLAINT [DOC. # 86]

17 INTRODUCTION

18 Now before the Court are the separately filed motions to dismiss plaintiffs' second

19 amended consolidated class action complaint by defendants Eric DeMarco, Masood Tayebi, 20 Massih Tayebi, Terry Ashwill, Daniel Stokely, and Wireless Facilities, Inc. (collectively "the 21 Wireless defendants") and defendant K.PMG LLP ("defendant KPMG"). The motions have 22 been fully briefed by the parties. After a careful consideration of the pleadings and relevant 23 exhibits submitted by the parties, and for the reasons set forth below, this Court GRANTS IN 24 PART and DENIES IN PART the Wireless defendants' motion and GRANTS KPMG's motion 25 in its entirety. 26

27 // 28 //

03 2)? 04cv]589 ---Case 5:06-cv-04327-JW Document 83-19 Filed 06/07/2007 Page 3 of 29 Case 3:04-cv-01589-JAH-NLS Document 103-1 Filed 03/09/2006 Page 3 of 29

t BACKGROUND

2 Wireless Facilities ("Wireless") is a company that provides outsourced communication

3 and security systems, as well as engineering and integration services, for the wireless

4 communication industry. See Sec.Am.Compl. 126, 35-39. Wireless stock is publicly traded

5 on the NASDAQ. Id. 113 1. Individual defendants Masood Tayebi, Massih Tayebi, Ashwill,

6 Stokely and DeMarco are officers and directors of Wireless. See id. ¶11 20-24. KPMG, a

7 certified public accountancy firm, acted as an outside auditor for Wireless. Id. T 25.

8 Wireless was established in 1994. Id. 1135. Wireless reported, in financial statements

9 filed with the Securities and Exchange Commission ("SEC"), net losses totaling $68 . 7 million

10 during 2000 through 2003. See id. $1148-75. On August 4, 2004, Wireless announced that it

11 intended to restate its financial statements filed with the SEC for the years 2000 through 2003.

12 Id. $ 102. Wireless stock prices fell as a result of the announcement. Id. 1103. Wireless filed

13 its official restatement with the SEC on September 20, 2004, stating that Wireless overstated

14 its previous income and assets and indicating combined net losses of $111.6 million during the

15 2000-2003 period. See id. 1111 11, 107-08, 111-12. 16 Plaintiffs John Boles and Bassam Yassine ("Lead Plaintiffs") purchased Wireless

17 securities between May 5, 2003 and August 4, 2004 ("the putative Class period"). Id. 9 1, 19.

18 The Lead Plaintiffs filed a complaint, on behalf of themselves and all other similarly situated,

19 on August 5, 2004, alleging defendants violated Sections 10(b) and 20(a) of the Securities and 20 Exchange Act and Rule 10b-5 promulgated by the SEC. Various other plaintiffs subsequently 21 filed complaints alleging similar claims. The related cases were consolidated, by stipulation, 22 on August 31, 2004, and Lead Plaintiffs' complaint was designated as the lead case. See Doc. 23 # 5. Lead Plaintiffs filed a consolidated lass action complaint on January 31, 2005. 24 The Wireless defendants filed a motion to dismiss the consolidated class action 25 complaint on March 17, 2005. Defendant KPMG also filed a motion to dismiss that complaint 26 on March 21, 2005. The parties subsequently stipulated to withdraw the motions and allow

27 Lead Plaintiffs to file a first amended consolidated class action complaint, which was filed on

28 April 5, 2005. The Wireless defendants and defendant KPMB, on April 14, 2005, filed their

2 04cv1589 Case 5 : 06-cv-04327-JW Document 83-19 Filed 06/07/2007 Page 4 of 29 Case 3:04-cv-01589-JAH-NLS Document 103-1 Filed 03/09/2006 Page 4 of 29

respective motions to dismiss the first amended complaint. The parties again stipulated to

2 withdraw those motions and allow Lead Plaintiffs to file a second amended consolidated lass

3 11 action complaint ("SAC"). The SAC was filed on June 9, 2005. 4 The instant motions to dismiss the SAC were each filed on July 14, 2005. Lead

5 I, Plaintiffs filed their oppositions to the motions on August 18, 2005. Reply briefs were filed by

6 11 all defendants on September 28, 2005. This Court took both motions under submission

7 I without oral- argument on October 13, 2005. See CivLR 7.1 (d. 1).

8 DISCUSSION

9 The SAC alleges that the defendants violated Sections 10(b) and 20(a) of the Securities

10 Exchange Act of 1934 and Rule I Ob-5 promulgated by the SEC. Both the Wireless defendants

11 and defendant 1(PMG move to dismiss the SAC with prejudice pursuant to Rule 12 (b)(6) of

12 the Federal Rules of Civil Procedure.

13 I. Legal Standard

14 A motion to dismiss under Federal Rule of Civil Procedure 12(b) (6) tests the sufficiency

15 of the complaint. Navarro v. Block, 250 F.3d 729, 732 (9th Cir. 2001). Dismissal of a claim

16 under this Rule is appropriate only where "it appears beyond doubt that the plaintiff can prove

17 no set of facts in support of his claim which would entitle him to relief." Conley v. Gibson , 355

18 U.S. 41,45-46 (1957); Navarro, 250 F.3d at 732. Dismissal is warranted under Rule 12(b)(6)

19 where the complaint lacks a cognizable legal theory. Robertson v. Dean Witter Reynolds. Inc. ,

20 749 F.2d 530, 534 (9th Cir. 1984); see Neitzke v. Williams , 490 U.S. 319, 326-27 (1989) 21 ("Rule 12(b)(6) authorizes a court to dismiss a claim on the basis of a dispositive issue of 22 law."). Alternatively, a complaint may be dismissed where it presents a cognizable legal theory 23 yet fails to plead essential facts under that theory. Robertson, 749 F.2d at 534.

24 In reviewing a motion to dismiss under Rule 12(b)(6), the court must assume the truth

25 of all factual allegations and must construe them in the light most favorable to the nonmoving

26 party. Cahill v. Liberty Mut. Ins. Co. , 80 F.3d 336, 337-38 (9th Cir. 1996). However, legal

27 conclusions need not be taken as true merely because they are cast in the form of factual

28 allegations. Roberts , 812 F.2d at 1177; Western Mining ouncil , 643 F.2d at 624. When

3 oacvisss Case 5 : 06=-cv-$4327-JW - Document 83-19 Filed 06/07/2007 Page 5 of 29 Case 3:04-cv-01589-JAH-NLS Document 103-1 Filed 03/09/2006 Page 5of 29

1 ruling on a motion to dismiss, the court may consider the facts alleged in the complaint,

2 documents attached to the complaint, documents relied upon but not attached to the

3 complaint when authenticity is not contested, and matters of which the Court takes judicial

4 notice. Parrino v. FHP, Inc. , 146 F.3d 699, 705-06 (9th Cir. 1998); Branch v. Tunnell ,14 F.3d

5 449, 453-54 (9th Cir. 1994); MGIC Indem. Co. v. Weisman, 803 F.2d 500, 504 (9th Cir.

6 1986).

7 Section 10(b) of the Securities and Exchange Act of 1934 makes it unlawful to use in

8 11 connection with the mails or facilities of interstate commerce any "manipulative or deceptive 9 device or contrivance in contravention of such rules and regulations as the Commissioner may

10 prescribe ." 15 U.S.C. § 78j. SEC Rule lOb-5, promulgated under section 10(b), provides:

11 It shall be unlawful for any person, directly or indirectly, by the use of any means or instrumentality of interstate commerce, or of the mails or of any facility 12 of any national securities exchange, ^a) To employ any device , scheme, or artifice to defraud, 13 b) To make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made , in the light of the 14 circumstances under which they were made, not misleading, or (c) To engage in any act, practice, or course of business which operates or 15 would operate as a fraud or deceit upon any person, in connection with the purchase or sale of any security. 16

17 1 17 C.F.R. § 240.10b-5.

18 In order to properly allege a claim under section 10(b) of the Exchange Act and SEC

19 Rule 10b-5, a plaintiff must state the following: (1) defendants made a false statement or 20 omission with regard to a material fact; (2) in connection with the purchase or the sale of a 21 security; (3) with scienter; (4) upon which plaintiff reasonably relied; (5) to his/her harm or

22 detriment. Binder v. Gillespie, 184 F.3d 1059, 1063 (9th Cir. 1999), cert. denied, 528 U.S. 23 1154 (2000); Paracor Fin., Inc. v. General Elec. Caiptal Corp.,, 96 F.3d 1151, 1157 (9th Cir. 24 1996).

25 In December of 1995, Congress enacted the Private Securities Litigation Reform Act of 26 1995 ("PSLRA") to establish uniform and stringent pleading requirements for securities fraud

27 actions. The PSLRA specifies the required pleading standard for securities fraud actions:

28

4 04cv1589 ---Case 5: 06-cv-04327-JW Document 83-19 - Filed 06/07/2007 Page 6 of 29 „ Case 3.04-cv-01589-JAH-NL S Document 103-1 Filed 03/09/2006 Page 6-of 29

l (1) Misleading statements and omissions In any private action arising under this chapter in which the 2 plaintiff alleges that the defendant - A made an untrue statement of a material fact; or 3 B^ omitted to state a material fact necessary in order to make the statements made, in the light of the circumstances in which they were 4 made, not misleading; the complaint shall specify each statement alleged to have been misleading, 5 the reason or reasons why the statement is misleading, and, if an allegation regarding the statement or omission is made on information and belief, the 6 complaint shall state with particularity all facts on which that belief is formed. 7

8 ,1 15 U.S.C. § 78u-4 (b)(1).

9 In addition, the PSLRA requires complaints alleging federal securities fraud to "state with

10 particularity facts giving rise to a strong inference that the defendant acted with the required

11 state of mind ." 15 U.S.C. § 78u-4(b)(2). As recently interpreted by the Ninth Circuit, this

12 language requires a private securities plaintiff to plead particular facts that constitute strong

13 circumstantial evidence of deliberately reckless or conscious misconduct . In re Silicon Graphics

14 Inc. Sec. Litig. , 183 F.3d 970, 977, 979 (9th Cir. 1999). Recklessness satisfies the scienter

15 requirement only insofar as it reflects some degree of conscious or deliberate misconduct; i.e.,

16 "a degree of recklessness that strongly suggests actual intent ." Id. at 979. The PSLRA further

17 provides that "the court shall, on the motion of any defendant, dismiss the complaint if the

18 requirements of paragraphs ( 1) and (2 ) are not met." 15 U.S.C. § 78u-4 (b)(3)(A).

19 Under Ninth Circuit case law, Rule 9(b) of the Federal Rules of Civil Procedure require 20 a complaint alleging securities fraud to "state precisely the time, place, and nature of the 21 misleading statements, misrepresentations, or specific acts of fraud." Kaplan v. Rose , 49 F.3d 22 1363, 1370 (9th Cir. 1994). The Rule further requires that the complaint "set forth an 23 explanation as to why the statement or omission complained of was false and misleading." 24 Yourish v. California Amplifier, 191 F.3d 983, 993 (9th Or. 1999). A complaint may 25 demonstrate the false or misleading character of a statement by identifying inconsistent 26 contemporaneous statements made by the defendants or inconsistent contemporaneous

27 information that was available to the defendants. Yourish, 191 F.3d at 994; DeMarco, 149 F.

28 Supp. 2d at 1223. A complaint may not, however, demonstrate that a statement was false or

5 04cv1589 Case 5: 06-cv-04327- JW Document 83-19 Filed-06/07/2007 Page 7 of 29 Case 3:04-cv-01589-JAH-NLS Document 103-1 Filed 03/09/2006 Page 7 of 29

1 misleading when made "merely by pointing to later inconsistent statements or conditions."

2 DeMarco , 149 F. Supp. 2d at 1223.

3 Scienter is a "mental state embracing intent to deceive, manipulate, or defraud." Ernst

4 & Ernst v. Hochfelder, 425 U.S. 185, 193 n. 12 (1976); In re Silicon Graphics , 183 F.3d

5 at 975. Although each scienter allegation must be analyzed independently, courts are also

6 required to analyze the allegations collectively, by asking "whether the total of plaintiffs'

7 allegations, even though individually lacking, are sufficient to create a strong inference that

8 defendants acted with deliberate or conscious recklessness." Broudo v. Dura Pharms. , 339 F.3d

9 933, 940 (9th Cir. 2003), overruled on other grounds, Dura Pharms. v. Broudo, 125 S.Ct. 1627

10 (2005). In securities fraud cases , "when determining whether plaintiffs have shown a strong

ll inference of scienter, the court must consider all reasonable inferences to be drawn from the

12 allegations , including inferences unfavorable to the plaintiffs ." GQmpperv . VISX, Inc. , 298 F.3d

13 893, 897 (9th Cir. 2002).

14 2. Analysis

15 The Wireless defendants, in their motion, contend that the SAC fail to adequately plead

16 (1) scienter; (2) falsity in regards to non-accounting claims; (3) economic loss and loss

17 causation; and (4) allegations under the "group pleading" doctrine. Defendant KPMG moves

18 to dismiss the SAC based solely on Lead Plaintiffs' alleged failure to adequately plead scienter.

19 Both the Wireless defendants and KPMG seek dismissal with prejudice and without leave to

20 amend,

21 a. The Wireless Defendants ' Motion to Dismiss

22 1. Scienter

23 In regards to the Wireless defendants' scienter, the SAC alleges that: 24 [E]ach of the Individual Defendants ... were privy to non-public information concerning the Company's business , finances , products , markets and present and 25 future business prospects via access to internal corporate documents, conversations and connections with other corporate officers and employees, 26 attendance at management and Board of Directors meetings and committees thereof and via reports and other information provided to them in connection 27 therewith . Because of their possession of such information, the Individual Defendants knew or recklessly disregarded the fact that adverse facts specified 28 herein had not been disclosed to, and were being concealed from , the investing public.

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SAC 128. The SAC further alleges that:

The Individual Defendants participated in the drafting, preparation and/or approval of the various public, shareholder and investor reports, and other communications complained of herein and were aware of, or recklessly disregarded , the misstatements contained therein and omissions therefrom, and were aware of their materially false and misleading nature. Because of their Board membership and/or executive and managerial positions with Wireless, each of the Individual Defendants had access to the adverse undisclosed information about Wireless' financial condition and performance as particularized herein and knew (or recklessly disregarded) that these adverse facts rendered the positive representations made by or about Wireless and its business issued or adopted by the Company materially false and misleading. SAC 132. In support of these allegations , the SAC states that certain unnamed current and

10 past employees of the Company have information concerning the alleged misdeeds committed

11 by the individual defendants. See SAC 1140-47.

12 In addition , the SAC states that:

13 [D]efendants acted with- scienter in that defendants knew that the public documents and statements issued or disseminated in the name of the Company 14 were materially false and misleading, knew that such statements or documents would be issued or disseminated to the investing public and knowingly and 15 substantially participated or acquiesced in the issuance or dissemination of such statements or documents as primary violations of the federal securities laws. 16 . The ongoing fraudulent scheme described in this Complaint could not have 17 been perpetrates over a substantial period of time, as has occurred , without the knowledge and complicity of the personnel at the highest level of the Company, 18 including the Individual Defendants.

19 The fact that the Company has now restated its financial results for fiscal years 2000-2003 and admitted that it reported falsified financial statements throughout 20 the Class Period , constitutes strong circumstantial evidence of defendants' scienter. Not only does the restatement confirm that the Company 's reported 21 financial results throughout the Class Period were false , but based on the magnitude , duration and pervasiveness of the fraudulent accounting practices, all 22 of which violated [Generally Accepted Accounting Practices], the Company's restatement constitutes strong circumstantial evidence that each of the Individual 23 Defendants knew, or at a minimum deliberately disregarded , the overwhelming prevalence of improper accounting practices and falsification of the Company s 24 financial results throughout the Class Period. 25 SAC ¶11 204, 205, 206. The SAC also alleges that, during the putative Class period, the 26 11 individual defendants suspiciously sold personally held shares of stock, received "lucrative 27 compensation packages," and acquired interest in several companies using inflated stock. See 28 SAC ¶1i 208-214, 215.

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1 Thus, the SAC alleges evidence of the Wireless defendants ' scienter through (a) the

2 restatement itself; and (b) the individual defendants ' suspicious sale of stock, compensation,

3 and corporate acquisitions . The SAC also lists five confidential witnesses that purportedly

4 possess information supporting the scienter allegations . See SAC 1140-47 . Lead Plaintiffs'

5 opposition centers on a collective viewing of the scienter allegations . See Opp. to Wireless' Mot

6 at 7.

7 a. The Restatement

8 Lead Plaintiffs contend that the magnitude of the restatement itself provides strong

9 I evidence of the Wireless defendants' scienter, pointing, in support, to the enormous increase

10 in the reported net loss during the 2000-2003 period and the numerous violations of Generally

11 Accepted Accounting Principles ("GAAP") that occurred. See Opp. to Wireless ' Mot. at 7-9

12 (citing In re Daou Sys. Sec. Litig. , 411 F.3d 1006, 1022 (9th Cir. 2005) and In re McKesson

13 HBOC Secs . Liter, 126 F.Supp. 2d 1248, 1269 (N . D.Cal. 2000)). The Wireless defendants

14 contend that the magnitude of the Wireless restatement is not as significant as the restatements

15 found to be strong evidence of scienter in the cases cited by Lead Plaintiffs . See Wireless' Reply

16 at 1-2. The Wireless defendants point out that, in Daou, the Ninth Circuit found scienter only

17 because the complaint contained allegations through twenty-three confidential witnesses who 18 would testify from their personal knowledge about alleged revenue manipulation . Id. at 1

19 (citing Daou, 411 F.3d at 1019-23). In addition, the Wireless defendants note that, in 20 McKesson , scienter was found because the company "admitted 'senior management had been 21 intentionally (and secretively) booking contingent software transactions as sales for several

22 years,' ... dismissed employees 'for cause,"' all supported by the complaint containing 23 allegations through fifteen former employees. Id. at 2 (quoting McKesson, 126 F.Supp.2d at 24 1273-74. Thus, the Wireless defendants contend that, here, a strong inference of scienter is 25 not present based on the restatement itself because the SAC here lacks the corroborating 26 evidence found in the cited cases. Id.

27 This Court agrees with the Wireless defendants. The restatement, by itself, does not 28 create "a strong inference that defendants acted with deliberate or conscious recklessness."

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Broudo , 339 F.3d at 940. Although the GAAP violations and the difference in losses are

significant, the restatement alone does not strongly infer that the officers and directors acted

deliberately or recklessly in regards to the alleged fraudulent accounting practices. Accordingly,

this Court looks to the remainder of Lead Plaintiffs' allegations to determine whether scienter

is adequately alleged. b. The Remaining Scienter Allegations

7 Lead Plaintiffs first contend that the individual defendants' positions at the Company

8 provide a strong inference of scienter based on the intimacy between the allegedly fraudulent

9 transactions and the defendants. Opp, to Wireless' Mot. at 9-10 (citing, e.g., SAC ¶11 156-60).

10 Thus, Lead Plaintiffs claim that it "'strains credulity' to believe that [d]efendants were not

11 aware of many of the accounting improprieties at issue in this case." Id. at 9 (quoting In re

12 Northpoint Communications Group. Inc. Sec. Litig. & Consol. Cases , 221 F.Supp.2d 1090,

13 1104 (N.D.Cal. 2002)). Lead Plaintiffs further claim that the individual defendants' combined

14 sale of millions of dollars worth of Wireless stock during the putative Class period gives rise to

15 a strong inference of scienter, based on the amounts and percentages of the sales, the timing

16 of the sales, and a comparison with the defendants' prior trading histories. Id. at 10-14. Lead

17 Plaintiffs also contend that the individual defendants' "lavish salaries and bonuses" create a

18 strong inference of scienter. Id. at 15.

19 The Wireless defendants contend that the compensation received by the individual 20 defendants, as well as their positions at the Company, cannot be considered to infer scienter.

21 Reply at 7-8 (citing McKesson, 126 F.Supp.2d at 1274, n. 14 ("Courts have consistently 22 rejected efforts to characterize incentive compensation as a substantial motive for fraud, 23 holding this to be a sufficient motive `would effectively eliminate the state of mind requirement 24 as to all corporate officers and defendants"') and In re Read-Rite Corp. Secs. Litig., 335 F.3d 25 843, 848-49 (9th Cir. 2003) (rejecting the argument that defendants' positions at the company 26 give rise to a reasonable inference of scienter under the PSLRA)). The Wireless defendants

27 further contend that the individual defendants' stock sales are not suspicious and, thus, should

28 not be considered in determining whether scienter is adequately alleged. Id. at 2-6. The

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Wireless defendants point out that: (1) there are no allegations defendants DeMarco and Stokely sold any stock and, in fact, defendant DeMarco actually purchased stock during the

relevant period; (2) defendant Ashwill sold only 28.4% of his stock and vested options, not

100% as the SAC alleges; (3) defendant Massih Tayebi's sale of stock should not be considered because Massih Tayebi did not work at the Company during the putative Class period; and (4) the stock sales of neither Massih Tayebi nor Massod Tayebi should be considered suspicious

because both Massih Tayebi and Masood Tayebi's small percentage of stock sales (35.2 % and

25.6% respectively) occurred over a four year period. Wireless' Reply at 2-4. In addition the

9 Wireless defendants contend that the timing of the stock sales does not equate to suspicious

10 activity. See id. at 5-6.

11 This Court is unconvinced that the individual defendants ' positions at the Company and

12 their compensation create an inference of scienter. Although the individual defendants held

13 upper level management positions at one time or another during the claimed period and

14 received lucrative salaries and bonuses, it does not necessarily follow that upper level

15 management knew, or were aware, of the Company's alleged fraudulent accounting practices.

16 See Read-Rite , 335 F.3d at 848-49; McKesson , 126 F.Supp.2d at 1274, n.14. As to the

17 individual defendants' stock sales, neither defendant DeMarco or Stokely sold stock during the

18 relevant time period. Thus, there are no allegations demonstrating that defendants DeMarco

19 and Stokely's committed suspicious actions that might create a strong inference of scienter on 20 their parts. However, the stock sales of defendants Massih Tayebi,' Masood Tayebi and 21 Ashwill2 were significant in amount, see SAC 121 1,3 and were in close proximity to the alleged

22

23 ' This Court finds it appropriate to include Massih Tayebi's sale of stock even though he was not employed with the Company during the entire putative Class period because he was employed with the 24 Company during the time Lead plaintiffs allege the fraud took place and during a small part of the putative Class period. See SAC 117 7.79, 210. 25 Although the Wireless defendants claim that the percentage of stock sales alleged in the SAC by Lead 26 PlaintiffsI is not correct, in ruling on a motion to dismiss, this Court must view the facts alleged as true. Sec Cahill , 80 F.3d at 337-38. 27 3 During the putative Class period, Massih Tayebi's proceeds from the sale of Wireless stock totaled 28 $42,031,957; Masood Tayebi's proceeds totaled $17,243,695; and Ashwill's proceeds totaled $1,868,292. SAC 1211,

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1 false statements, rendering those defendants' stock sales suspicious. Thus, this Court finds

2 that only the stock sales of defendants Massih Tayebi, Masood Tayebi and Ashwill provide an

3 11 inference of scienter.

4 c. The Confidential Witnesses

5 The SAC lists five confidential witnesses that purport to have information concerning

6 the individual defendants' scienter. See SAC If 40-47. The Wireless defendants contend that

7 the SAC fails to adequately plead facts to identify the confidential sources or demonstrate that

8 the sources are reliable . See Wireless' Mot. at 13-17.

9 The allegations in the SAC are based upon investigation of counsel , which is the

10 equivalent to being based upon information and belief. In re Silicon Graphics Sec. Litig., 970

11 F.Supp. 746, 763-64 (N.D.Cal. 1997). The PSLRA requires plaintiffs pleading on information

12 and belief to "state with particularity all facts" on which their belief is based. 15 U.S.C.

13 § 78u-4(b)(1). Sources need not be named but, if the source is not named, adequate

14 corroborating details must be provided. McKesson , 126 F.Supp.2d at 1271. The McKesson

15 court noted that Silicon Graphics does not "require naming (as opposed to identification) of

16 sources" because "[i]t is possible to identify sources and provide other corroborating details

17 without disclosing the names of the sources." Id. However, "[e]ven when it is not necessary

18 for plaintiff to name sources, plaintiff's failure to identify the sources by name may somewhat

19 reduce the weight to be given information from such unnamed sources in determining whether 20 the allegations of the complaint create a strong inference of scienter, especially where there are

21 relatively few identified sources." Id. at 1272.

22 Reliability of sources may be shown by stating facts "'with sufficient particularity to

23 support the probability that a person in the position occupied by the source would possess the

24 information alleged."' Daou, 411 F.3d at 1015 (quoting Nursing Home Pension Fund. Local

25 144 v. Oracle Corp. , 380 F.3d 1226, 1233 (9th Or. 2004)). The Court determines reliability

26 by assessing "`the level of detail provided by the confidential sources, the corroborative nature

27 of the other facts alleged (including from other sources), the coherence and plausibility of the

28 allegations, the number of sources, the reliability of sources and similar indicia."' Id. (quoting

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f In re Cabletron Sys., Inc. , 311 F.3d 11, 29 (1st Cir. 2002)).

2 Lead Plaintiffs list five confidential sources: (1) a current employee of Wireless; (2) a

3 former Brazilian controller; (3) a Wireless Project Accountant; (4) a former Sales/Account

4 Manager; and (5) a former Vice President. See SAC 41140-47. Specifically, the SAC alleges that

5 a current employee (labeled "CW 1 ") "has provided details concerning the falsification of the

6 Company's financial results,"explaining certain employees of Wireless informed CW1 that

7 "senior management was aware of their foreign tax obligations in 2001" but "conceal[ed] this

8 information from the investing public." Id. 1f 40. The former Brazilian controller is alleged to

9 have information concerning the booking of revenue "using the percentage-of-completion

10 revenue recognition method" in regards to a contract with Siemens for work in Brazil. Id. ¶ 41.

ll l The SAC alleges the former Brazilian controller "stated that the Company would book revenue

12 on the percentage-of-completion revenue recognition method, despite the fact that the

13 Company had not been paid for that work and knew such payment was problematic." Id. The

14 controller is alleged to have discussed the Siemens contract with Masood Tayebi and Stokely

15 during telephone conversations and conference calls. Id. T 42. Similarly, the Wireless Project

16 Accountant is alleged to have stated "that Wireless frequently performed work, billed customers

17 and booked revenue even though it had never received signed contracts from the customers."

18 Id. 144.

19 The remaining two confidential sources, a former sales/account manager with Wireless 20 in Mexico City and a former Vice President of Business Development for Latin/Central America

21 and the Carribean, are alleged to have information concerning "certain deals in Mexico with

22 companies that had connections to the Tayebis even though these deals did not always result

23 in Wireless getting the best terms, and even when Wireless personnel were being fired in 24 Mexico because there was not enough work to keep them employed." Id. 146. The SAC 25 explains, as an example of these allegedly improper deals, that Wireless employed a corporation 26 in which Jay Tayebi, Masood and Massih Tayebi's brother, was a majority owner and Jay 27 Tayebi's girlfriend was a principal, for "technical work" that "charged Wireless 'too much for 28 the services rendered."' Id. The sales/account manager is alleged to have stated that, based on

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1 IJ the special relationship between Jay Tayebi and his brothers, the corporation "charged Wireless

2 for services that had not been performed and for ... payroll for personnel who were not even

3 11 working on projects for Wireless." Id. 147. 4 The Wireless defendants contend that the allegations concerning these sources "fall[]

5 short of meeting the requirements set out in Daou" for pleading personal sources of

6 information. Wireless' Mot. at 14. In Daou , the Ninth Circuit found that where a plaintiff

7 describes unnamed confidential witnesses "with a large degree of specificity," the PSLRA's

8 pleading requirements are met. Daou , 411 F.3d at 1016. As an example, the Daou court 9 explained that the plaintiffs sufficiently described one confidential source as:

10 Confidential Witness # 6 ('CW6') is a former Daou executive who worked in the Finance Department. CW6 dealt with audit issues, Security and Exchan&e ('SEC') reporting and budget matters . As such CW6 was familiar with Daou s pr^ocess of collecting project cost information. CW6 reported to defendant 12 McGee . Similarly, praintiffs described Confidential Witness # 9 as follows: 'Confidential Witness 9 ('CW9') is a former Daou Regional Vice President of 13 Sales . As Vice President of Sales, CW9 was responsible for reporting weekly or bi-weekly sales information , such as sales status/backlo and forecastlpipeline 14 information to Daou 's Vice Presidents and corporate officers.'

15 ld.

16 The Wireless defendants also contend that the SAC contains insufficient facts to

17 demonstrate the reliability of the confidential sources. The Wireless defendants point out that

18 CW I's statement concerning Wireless' lack of payment for tax obligations is inaccurate because

19 Wireless did not have to pay such tax but merely established an accrual in the event it may 20 have to pay the tax. Wireless ' Mot. at 14 . The Wireless defendants argue that this inaccuracy 21 "calls into question the ... reliability of CW 1's ... information." Wireless ' Reply at 6. In

22 addition, the Wireless defendants point out that the SAC contains no allegations the former 23 Brazilian controller personally observed any defendant's direct participation in the revenue

24 recognition scheme. k. The Wireless Project Accountant's information concerning unsigned 25 contracts, according to the Wireless defendants, is also inaccurate because revenue may be 26 recognized for unsigned contracts if there is an obligation to pay on the contract. See Wireless'

27 Mot. at 16 (citing In re Ramp Networks, Inc. Secs. Litig. , 201 F.Supp.2d 1051, 1071 (N.D.Cal.

28 2002)). Lastly, the Wireless defendants point out that neither the sales/account manager nor

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1 I the Vice President of Business Development are alleged to be employed with Wireless during 2 11 the putative Class Period. Wireless Reply at 7.

3 Here, Lead Plaintiffs do not describe their confidential sources' positions at Wireless

4 with the "large degree of specificity" found by the Daou court to meet the PSLRA's standards.

5 Id. Excepting the former Vice President, Lead Plaintiffs provide only sparse specific details

6 about any of the confidential sources' positions with Wireless. For example, CWl is merely

7 described as "a current employee of the Company." SAC t 40. Lead Plaintiffs also provide

8 only sparse clarifying details, such as this individual's job duties and responsibilities or where

9 the individual works. The Wireless Project Accountant's description contains no clarification

10 other than the witness' job title.4 See id. 144. Although the SAC contains a description of

11 when the Brazilian controller, the former sales/account manager and the former Vice President

12 of Business Development were employed, see id. 141, 46, there is no explanation of those

13 persons' responsibilities at the company. Additionally, with respect to all confidential sources,

14 the SAC fails to allege with sufficient particularity the sources' knowledge of, or access to,

15 information purportedly known or available to the defendants and the basis of that knowledge.'

16 This Court is unconvinced that these confidential witnesses are sufficiently described

17 with specificity to meet the PSLRA's requirements. In addition, this Court's review of the SAC

18 reveals no further facts to corroborate the scant information provided by the confidential

19 witnesses. Therefore, this Court finds the allegations presented in the SAC are insufficient to 20 demonstrate the confidential witnesses' information is reliable. 21 Because the SAC fails to sufficiently describe the confidential sources with specificity 22 and their bases of knowledge, and there is insufficient facts plead to support the confidential 23 witnesses ' reliability , this Court finds Lead Plaintiffs ' listed confidential sources fail to 24 strengthen the inference of defendants' scienter. 25 ° As the Wireless defendants point out in reply, "'[A] job title itself will seldom provide an 26 adequate description of the CW's basis for his or her knowledge.'" Reply at 7 (quoting In re Apple Computer. Inc. Secs. Liti ., 243 F.Supp.2d 1012, 1027 (N. D. Cal. 2002)). 27 5 For example, the SAC fails to allege whether the sources ' knowledge was from creating reports from 28 data containing adverse information for defendants' review, reporting to defendants or receiving directives from defendants post-receipt of adverse information.

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d. The Court's Collective Review

2 Of the scienter allegations presented by Lead Plaintiffs concerning the Wireless

3 defendants, only the allegations concerning the magnitude of the restatement itself and the

4 allegations concerning three of the five individual defendants' stock sales are sufficiently plead

5 and provide evidence of scienter by the Wireless defendants, This Court finds that, collectively

6 viewed, the scienter allegations contained in the SAC are insufficient "to create a strong

7 inference that defendants acted with deliberate or conscious recklessness." Broudo, 339 F.3d

8 at 940. Accordingly, the Wireless' defendants' motion to dismiss the SAC based on failure to

9 plead scienter with the specificity required under the PSLRA is GRANTED.

10 2. Non-Accounting Allegations

11 The Wireless defendants further contend that Lead Plaintiffs fail to adequately allege

12 certain statements contained in the SAC, which the Wireless defendants label as "non-

13 accounting" statements, are false and misleading. See Wireless' Mot. at 19-22 (citing SAC

14 11117/-80,82-85,87-90,92-95,98-99). According to the Wireless defendants, these statements

15 were gleaned from "conference calls and press releases," and "cover a wide range of topics

16 related to Wireless'[] business." Id. at 19. The Wireless defendants contend these "non-

17 accounting" statements fail to satisfy the PSLRA's specificity requirement of identifying "each

18 alleged false and misleading statement and the reason why each alleged statement was false or

19 misleading when made." Id. (citing 15 U.S.C. § 78u-4(b)(1)). In addition, the Wireless 20 defendants contend that (1) many of the statements are vague and, thus, not actionable; (2) 21 some of the statements are opinions and are not properly plead; and (3) the forward-looking 22 statements fail under Rule 9(b) and the PSLRA. Id. at 19-22. 23 In opposition, Lead Plaintiffs contend that the challenged statements are "inextricably 24 tied" to statements made concerning the Company's financial results. Opp. to Wireless' Mot. 25 at 19. Lead Plaintiffs explain that "[all] of the purported ' non-accounting' statements were 26 made in connection with Wireless' earnings announcements and conference calls, quarterly and 27 annual reports on Forms 10-Q and 10-1(," which the SAC clearly alleges are false and 28 misleading. Id. The Wireless defendants point out, in reply, that such an argument is

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inconsistent with the PSLRA, which requires each statement be identified and the reasons why

such statement is alleged to be false and misleading must be stated along with the facts supporting the allegations. Wireless' Reply at 8-9.6

The statements at bar are presented by Lead Plaintiffs in the SAC under the sub-heading entitled "Materially False and Misleading Statements Issued During the Class Period." SAC

at 26. The SAC alleges that certain statements presented previously (and not challenged in this

motion),7 "along with those during the Class Period as set forth below, artificially inflated the price of Wireless' stock during the Class Period" beginning May 5, 2003 and ending April 27,

2004. Id. 1176, 98. Lead Plaintiffs allege that these statements were materially false and

10 misleading:

because they concealed the following: ( i) that the Company had materially under reported its -burgeoning foreign tax burden; (ii) that the Company failed to record 12 material adjustments related to period cut-off errors, reclassifications, reconcilin differences that impacted asset and liability carrying values and the timing of 13 revenue recognition; (iii) that the Company made numerous and material accounting errors as detailed in 911 110-166; ( iv) that the Company lacked 14 adequate internal controls and was, therefore, unable to ascertain the true financial condition of the Company; and (v) that as a result of the above, the 15 Company's financial results were materially inflated at all relevant times. 16 SAC 11 97; see also J. 1199. Some of the challenged statements were made on the same day the

17 6 The Wireless defendants cite to a recent decision in the Central District of California in which the 18 court dismissed "strikingly similar" non-accounting statements as not plead with the particularity required under the PSLRA. Wireless' Reply. at 9 (citing I n re S)mcor lnt'l Corp. Sec. Litig. , 327 F.Supp. 2d 1149, 1 167 19 (C.D.Cal. 2004 )). The S cor court determined that the statements, which the court characterized as statements regarding the company's over-all financial success or projections, failed to meet the particularity 20 requirement under the PSLRA. See id ., 327 F.Supp.2d at 1 169-70. When the statements found lacking in Svncor are compared to the challenged statements here , the similarity is quite noticeable. See id . at 1169 (e.g., 21 "Syncor is now profitably operating three radiopharmacies and has begun to expand into other types of medical services ."); compare SAC 9 92 ("Operationally, we have strengthened and diversified our customer base 22 and are well positioned for growth in each in our core markets ."). However, the ncor court found the statements not plead with particularity because a clear "legitimate business reason exist[ed] for the company's 23 general financial success." See Syncor, 327 F. Supp. 2d at 1169-70. This Court finds the reasoning behind the decision in nor lends no aid in the determination here. 24 7 The non-challenged statements, presented in the SAC under the sub-heading entitled "Statements 25 Leading up to the Class Period." sec SAC at 15, concern the financial results of the Company beginning February 14. 2001 through March 21. 2003. See id. 1148-75. Some of these statements were made on the 26 same day as the financial results were announced. Sec, e.g., id. 165. This Court's comparison between the two sets of statements reveals that the challenged set of statements are very similar to the non-challenged 27 statements and Lead Plaintiffs allege the same reasons why these statements were false and misleading. See ;d. 1450, 59, 75. Thus, this Court's determination of whether the challenged statements comply with the PSLRA 28 holds true for the non-challenged statements as well.

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1 11 financial information was disseminated. See, e.g., id. 11 82.

2 Lead Plaintiffs contend that these statements were false and misleading because the

3 "[d]efendants did not believe their statements since they were aware of undisclosed facts that

4 seriously undermined their statements." Opp. to Wireless' Mot. at 19. In other words, Lead

5 Plaintiffs argue that, because the individual defendants each knew that the financial results

6 li were wrong when the statements were made, the statements at issue were necessarily false and

7 misleading. However, this Court has found that the SAC fails to adequately allege scienter on

8 the part of the Wireless defendants. See Section 2.b.5., supra. Without adequate allegations

9 of scienter, Lead Plaintiffs' argument fails because there is no strong inference the Wireless

10 defendants knew the financial results, on which they commented, were false or misleading.8

11 Accordingly, this Court finds that the challenged statements set forth in the SAC are not

12 adequately plead with the required particularity. Therefore, the Wireless defendants' motion

13 to dismiss as it relates to these statements is GRANTED.

14 3. Economic Loss and Loss Causation

15 The Wireless defendants contend that the SAC fails to adequately plead economic loss

16 and loss causation. In order for a defendant's misrepresentation or omission to be actionable

17 under Rule 1 Ob-5, a plaintiff must demonstrate loss causation, or "a causal connection between

18 the material misrepresentation and the loss ." Dura Pharmaceuticals . Inc. v. Broudo, 125 S.Ct.

19 1627, 1631 (2005). To satisfy the requirement for loss causation , a plaintiff must show that

20 the misrepresentation or omission directly caused, "or had something to do with" plaintiffs

21 damages. Id.; see also Ambassador Hotel Co. Ltd. v. Wei-Chuan Investment , 189 F.3d 1017,

22 1027 (9th Cir. 1999). Unlike the stringent requirements for scienter and falsity, no heightened

23 pleading standard is required to plead loss causation to adequately plead loss causation. Id. at

24 1634. Lead Plaintiffs need only plead a "short and plain statement" that "provide[s] the

25 defendant with `fair notice' of what the plaintiff's claim is and the grounds upon which it rests." 26 Id.; see Fed.R.Civ.P. 8(a). 27 8 Because the statements are not plead with the particularity required by the PSLRA and Rule 9(b), 28 this Court need not address the Wireless defendants' remaining arguments concerning these statements. See Wireless' Mot, at 20-22.

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In Dura, the Supreme Court concluded allegations of artificially inflated stock prices

2 alone are insufficient to meet Rule 8. Id. Courts interpreting Dura 's requirements have found

allegations sufficient to plead loss causation where a plaintiff alleges the false and misleading

4 statements caused artificially inflated stock prices and when the truth came out, the stock

5 prices fell. See, e.g., In re Immune Response Sec. Litig. , 375 F.Supp.2d 983, 1023-24 (S.D.Cal.

6 2005); see also Plumbers &Pipe fitters Local 572 Pension Fund v. Cisco Systems. Inc. , 2005 WL

7 3723202*6 (N.D.Cal.). Here, the SAC alleges that Wireless stock prices were artificially

8 inflated to a high of $18.60 per share during the relevant period. SAC $ 220. The SAC further

9 alleges that, after Wireless publicly announced the intention to restate its financial statements

10 for the years 2000-2003, the "stock price plummeted as much as 35.95% from $6.98 on

11 August 4, 2004 to its 52 week low of $4.61 per share at one point on August 4, 2004."9 SAC

12 1222. Thus, Lead Plaintiffs allege in the SAC that the economic loss suffered was the decline

13 in stock value, not the artificially inflated stock prices. This Court finds these allegations

14 sufficient to meet Rule 8's pleading requirements for economic loss and loss causation.

15 Accordingly, the Wireless' defendants' motion to dismiss the SAC based on failure to

16 adequately plead economic loss and loss causation is DENIED. 17 4. "Group Pleading" Doctrine

18 Lead Plaintiffs present, in the SAC, allegations that the individual defendants, as a

19 group , were responsible for the alleged false and misleading statements . See, e.g., SAC If 30, 20 This "`group pleading' doctrine presumes that false and misleading information conveyed in 21 documents , including press releases , are made by the collective action of a corporation's 22 officers." Immune Response, 375 F. Supp. 2d at 1028 . The Wireless defendants note that it 23 is unclear whether this "group pleading" doctrine survived the enactment of the PSLRA since 24 the Ninth Circuit has not yet ruled on the issue and the district courts are split. See Wireless'

25 Mot. at 24; see also Immune Response , 375 F.Supp.2d at 1028. However, the Wireless' i 26

27 9 Although the Wireless defendants submit a declaration attesting that the stock prices climbed back to near pre-announcement price by the time the restatement was issued, this Court may not consider such 28 extrinsic evidence when ruling on a motion to dismiss. Sec Parrino, 146 F.3d at 705-06; Branch, 14 F.3d at 453-54; MGIC Indem. Co. , 803 F.2d at 504.

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defendants contend that this Court need not determine whether the "group pleading" doctrine

2 survived the PSLRA because the group pleading allegations presented in this case are unreasonable and, therefore, inapplicable based on the fact that not all defendants were

a employed at Wireless during the putative Class period. See I. (citing Berry v. Valence Tech.

5 Inc., 175 F.3d 699, 706 (1999) (affirming dismissal of claims concerning misstatements made

6 after defendant had resigned)). Specifically, the Wireless defendants point out that defendant

7 DeMarco joined the Company in November 2003, defendant Ashwill left the Company before

8 the 2003 10-K report was issued, and defendant Massih Tayebi left the Company more than

9 a year before the Class period started. Id. at 24-25.

10 Lead Plaintiffs, in opposition, urge the Court to find that the group pleading doctrine

11 survived the PSLRA. Opp. to Wireless' Mot. at 23-24. However, Lead Plaintiffs contend that,

12 even if the doctrine is found not to survive, each defendant's liability has been adequately plead

13 based on the premise that there was a scheme to defraud. Id. at 24. The Wireless defendants,

14 in reply, explain that Section 10(b) liability cannot be premised on conspiracy claims and, thus,

15 Lead Plaintiffs may not rely upon a "scheme to defraud" to allege liability upon the individual

16 defendants. Wireless' Reply at 10 (citing In re Glenfed Inc. Sec. Litig. , 60 F.3d 591, 592 (9th

17 Cir. 1995)(affirming district court's judgment dismissing conspiracy liability claims as

18 precluded by United States Supreme Court precedent)). 19 This Court agrees with the Wireless defendants. This Court need not determine whether 20 the group pleading doctrine survived the PSLRA because not all defendants named in the 21 instant complaint were at the Company during the time period at bar and the scheme to 22 defraud or conspiracy theory presented by Lead Plaintiffs has been rejected . Accordingly, the 23 Wireless defendants' motion to dismiss the SAC's allegations concerning group liability is 24 GRANTED.

25 b. KPMG

26 KPMG is an outside independent auditing firm that prepared audit reports for Wireless

27 during the relevant period . KPMG contends the SAC fails to adequately plead facts to

28 demonstrate KPMG's scienter pursuant to the stringent standards set forth under the PSLRA.

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1 See KPMG's Mot. at 6. Lead Plaintiffs' opposition again centers on a collective review of the

2 scienter allegations. See Opp. to KPMG's Mot. at 8-9.

3 To establish scienter for independent auditors, a complaint must allege that "accounting

4 practices were so deficient that the audit amounted to no audit at all, or an egregious refusal

5 to see the obvious, or to investigate the doubtful ..." DSAM Global Value Fund v. Altris

6 Software, Inc. , 288 F.3d 385, 390 (9th Cir. 2002)(citation omitted). KPMG contends that the

7 SAC fails to allege facts indicating KPMG 's audit was so negligent that it amounted to

8 deliberate recklessness or conscious misconduct with an intent to defraud . KPMG's Mot. at 7.

9 According to KPMG, Lead Plaintiffs' allegations are the type of allegations the legislature

10 intended to eliminate by enacting the PSLRA. J. at 8 (citing S. Rep. No. 104-98 at 21 (1995) (legislation intended to "significantly reduce the number of strike suits brought against

12 defendants who have done nothing wrong but are seen as having deep pockets" and noting that

13 "[a]ccounting firms particularly have been hard hit by securities litigation.").

14 The SAC outlines KPMG's alleged participation in the fraud. See SAC 11 177-203.

15 According to Lead Plaintiffs , I(PMG "annually reported and falsely represented in unqualified 16 auditor 's reports[] that [Wireless '] financial statements were fairly presented when they were 17 not." SAC 11 177. The SAC further alleges that "KPMG falsely represented that it had 18 conducted its audits in accordance with Generally Accepted Auditing Standards ("GAAS"),

19 when it had not." Id. Specifically, the SAC alleges that a strong inference of scienter is 20 demonstrated through (1) the restatement itself; ( 2) the volume of Wireless' accounting errors; 21 (3) KPMG's motivation for fees and access to Wireless ' corporate files; and (4) certain "red 22 flags " that should have alerted KPMG of Wireless ' alleged false and misleading financial 23 statements . See id . IT 177-203. KPMG contends that Lead Plaintiffs ' scienter allegations fail

24 to meet the pleading standards required under the PSLRA. See KPMG's Mot. at 6-9. Lead

25 Plaintiffs contend their allegations are sufficient viewed in their totality. See Opp. to KPMG's 26 Mot. at 10. 27

28

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1 1. The Restatement

2 This Court previously found that the restatement by itself does not create a "strong

3 11 inference of scienter" on the part of the Wireless defendants. See Sec. 2 (A.2.a.).supra. This

4 Court's reasoning also holds true for KPMG. Although the enormity of the restatement itself

5 provides some inference of scienter, the restatement by itself is not enough to create a strong

6 inference that KPMG acted with "deliberate or conscious recklessness." Broudo, 339 F.3d

7 11 at 940. Therefore, this Court proceeds to an analysis of the remaining scienter allegations and

8 a collective review of all allegations presented in the SAC.

9 2. The Volume of Accounting Errors

10 The SAC contains allegations concerning a variety of GAAS violations which Lead

11 Plaintiffs contend provide an inference of scienter on KPMG's part. See SAC $203; Opp. to

12 KPMG's Mot. at 13. KPMG's contends the allegations are "mere 'boilerplate averments"'

13 which have been found insufficient to support an inference of scienter. KPMG's Mot.

14 at 11(quoting Melder v. Morris , 27 F.3d 1097,1103 (5th Cir. 1994) ). KPMG notes the Ninth

15 Circuit also found merely alleging non-compliance with GAAS is insufficient by itself to raise

16 a strong inference of scienter. Id. (citing DSAM, 288 F.3d at 390). In addition, KPMG's

17 contends the large number of GAAS violations alleged by Lead Plaintiffs is also insufficient 18 without particularized facts establishing KPMG's knowledge of the wrongdoing. Id. at i I-12 19 (citing In re U.S. Aggregates. Inc. Sec. Litig. , 235 F.Supp.2d 1063, 1072 (N.D.Cal. 2002);

20 Reiger v. Altris Software. nc. ("Reiger F1 Case No. 98CV0528 TW, 1999 WL 540893*8 n.8 21 (S.D.Cal.)).

22 In opposition, Lead Plaintiffs contend that KPMG's intent is demonstrated by the

23 simplicity of the accounting procedures violated. Opp. to KPMG's Mot. at 15 & n.15 (citing,

24 inter alia , In re Microstrategy Inc. Sec. Litig., 115 F.Supp.2d 620, 624-27, 638 (E.D. Vir.

25 2000)). Lead Plaintiffs point to seven "simple and fundamental" accounting procedures that

26 were allegedly violated and, according to Lead Plaintiffs, provide strong support for an inference 27 of I(PMG's scienter. Id. at 15-16. KPMG, in reply, notes that Lead Plaintiffs presents no 28 explanation as to how the listed GAAP provisions are simple. KPMG's Reply at 8. ICPMG I

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1 explains that even if the "provisions seem[] relatively simple in comparison to others, the

2 application of that principal can involve significant judgment." Id. (citing In re Bristol-Myers

3 Squibb Sec. Litig. , 312 F.Supp.2d 549, 566-67 (S.D.N.Y. 2004)("While in this case the

4 applicable accounting principle might be simple, i.e., whether all the risks of ownership

5 transferred upon shipment of goods, the application of that principle to the facts is complex.");

6 Shalala v. Guernsey Mem'i Hose. , 514 U.S. 87, 101 (1995)("There are 19 different GAAP

7 H sources, any number of which might present conflicting treatments of a particular accounting

8 question.")).

9 This Court's review of the SAC reveals that Lead Plaintiffs present at least ten

10 allegations of accounting procedure violations. See SAC 114 203(a)-(j). This Court finds the

11 accounting procedures, although appearing to be simple procedures, ° may be complex in

12 application in a large, worldwide corporation. Therefore, this Court finds that the volume of

13 GAAS violations alleged fail to strongly infer scienter on KPMG's part.

14 3. ICPMG's Motivation for Fees and Access to Records 15 Lead Plaintiffs also allege scienter based on the fact that KPMG's earned fees from

16 auditing Wireless' records and had access to their records. See SAC $1 181-186. KPMG

17 contends that the Ninth Circuit "conclusively rejected the motive and opportunity test for

18 scienter" and, thus, the allegations fail to satisfy the PSLRA's requirements. KPMG's Mot.

19 at 13 (citing Silicon Graphics , 183 F.3d at 973). According to KPMG, the allegations lack facts 20 to support a charge that "KPMG had an incentive to risk its professional integrity and 21 reputation, and subject itself to criminal and civil liability for securities fraud violations, for the

22 mere prospect of collecting additional fees from one engagement." Id. at 14. 23 KPMG further contends that the SAC's allegations lack facts to demonstrate KPMG 24 "had the 'means and likely prospect of achieving concrete benefits by the means alleged.'" Id. 25 (quoting Shields v. Citytrust Bancorp, Inc. , 25 F.3d 1124, 1130 (2d Cir. 1994)). KPMG 26 points out that other courts have rejected the notion that a strong inference of scienter may be 27 10 For example, the procedure requiring "[a] sufficient understanding of the internal control structure is 28 to be obtained to plan the audit and to determine the nature, timing and extent of the tests to be performed." SAC 1203(e).

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1 inferred from an auditor's access to corporate documents. Id. at 15 (citing, e.g., Kennilworth

2 Partners L.P. v. Cendant Coro. , 59 F.Supp.2d 417, 429-30 (D.N.J. 1999); DSAM, 288 F.3d

3 11 at 390; In re Van Wagoner Foods. Inc. Sec. Litie, 2004 U.S. Dist. LEXIS 24868 *27-28 (N.D. 4 11 Cal.)).

5 Lead Plaintiffs, in opposition, concede the Ninth Circuit "'has found that allegations of

6 a motive to mislead, standing alone, cannot satisfy the heightened scienter standard"' but note

7 the Court is "'not precluded from considering allegations of motive in combination with other

8 allegations of Defendants' intent to mislead or deliberate recklessness."' Opp. to KPMG's Mot.

9 at 21 (quoting Livid Holding Ltd. v. Salomon Smith Barney. Inc. , 403 F.3d 1050, 1057-58 (9th 10 Or. 2005)). In addition, Lead Plaintiffs contend that motive may be inferred here through the dual role KPMG played (apparently as an auditor and a consultant) while auditing Wireless'

12 accounts. Id. at 22-23 (citing In re Fleming Cos. Sec. & Derivative Litig. , 2004 U.S. Dist

131 LEXIS 26488 (E. D. Tex.)). According to Lead Plaintiffs, ICPMG's receipt of non-audit fees for

14 consulting on at least one of the issues Wireless restated proves motive and provides an

15 inference of scienter. Id. at 23. Lead Plaintiffs also contend that, because the SAC alleges

16 KPMG assisted in creating the tax accounting problems at issue here, the SAC pleads facts 171 supporting the opportunity to commit the fraud. Id. at 23-24.

18 As KPMG points out, the Ninth Circuit has rejected the notion that an auditor's motive

19 may be inferred from the fact that the auditor received professional fees for services rendered. 20 See Silicon Graphics, 183 F.3d at 973; In re Worlds of Wonder Sec. Litig. , 35 F.3d 1407, 1427

21 n.7 (9th Cir. 1994). An auditor's access to records has similarly been rejected as appropriate 22 evidence of scienter. See, e.g., DSAM , 288 F.3d at 390. This Court is unpersuaded that 23 KPMG's "dual role" of consultant and auditor provides sufficient evidence to support scienter. I 24 4. Red Flags 25 The SAC lists numerous " red flags" which Lead Plaintiffs assert should have alerted I 26 1I I(PMG that Wireless ' financial statements were false and misleading . See SAC 7191, 198-200. 271 KPMG contends these allegations have been found insufficient to create a strong inference of 281 scienter. See KPMG's Mot. at 17-23 (citing, e.g., Fidel v. Farley , 392 F.3d 220, 228-29 (6th

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1 11 Cir. 2004)). According to KPMG, the red flags alleged by Lead Plaintiffs are not the "smoking 2 gun" type of evidence which might trigger an inference of scienter. Id. at 18. KPMG also 3 points out that some of the red flags were publicly disclosed by Wireless, thereby negating an

4 inference of scienter. Id. KPMG describes the red flags alleged in the SAC as "weak" and

5 "generic" because the allegations fail to include "'specific facts suggesting the independent

6 accountant entertained doubts about the veracity of a client's financial disclosures, either from

7 a client or third party informing the accountant of the client's fraud, or from contemporaneous

8 statements made by the accountant."' Id. (quoting Reiger v. Price Waterhouse Coopers LLP

9 ( "Reiger II" , 117 F.Supp.2d 1003, 1012 (S.D.Ca1. 2000)). KPMG points out that more

10 specific red flags than those alleged here have been rejected as insufficient. Id. at 19 (citing,

11 inter alia, DSAM , 288 F.3d at 389-90).

12 Lead Plaintiffs, in opposition, explain that the SAC details at least three categories of red

13 flags that should have alerted I(PMG of the alleged fraud: (a) accounting of goodwill in related-

14 party transactions; (b) KPMG's tax consulting service; and (c) internal control weaknesses. See

15 Opp. to KPMG's Mot. at 17-2 1; KPMG's Reply at 8-9.

16 a. Goodwill

17 The SAC alleges Wireless reported, in 2002, that $16.1 million in goodwill from a

18 Mexican wireless communications company purchased in 1998 was unimpaired but admitted,

19 in 2004,11 that the goodwill was actually 100% impaired. See SAC 1155-16 1. Lead Plaintiffs 20 contend that "[b]ecause information was available to KPMG in 2002 that demonstrated 21 Wireless' assets were overstated by $16.1 million, and KPMG was required to carefully evaluate 22 related transactions like this one, it was at least deliberately reckless that KPMG failed to

23 disclose the fraudulent accounting for this related-party transaction." Opp. to KPMG's Mot.

24 at 6. K.PMG contends these allegations are conclusory and infers only negligence, at most, not

25 intentional or deliberately reckless conduct. KPMG's Reply at 4-5 (citing DSAM , 288 F.3d 26 at 390). 27

28 11 The admission occurred through an amended Form 10-K filed on September 20, 2004, during a confercnce call on the same day, and in the restatement. See SAC $1 159-161.

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This Court agrees with KPMG. The Ninth Circuit, in DSAM , found that the auditor

defendant "had in its hands the very documentation that clearly showed ... [a] violation of

GAAP. , . yet did not see the obvious" but determined "[t]hat fact does not strongly compel

an inference of intentional or deliberately reckless conduct as opposed to ordinary carelessness." Id., 288 F.3d at 390. Similarly, here, although KPMG may have had the information available

6 through its access to Wireless' accounting records, it does not necessarily follow that KPMG's

7 conduct amounts to anything more than mere negligence or carelessness based solely on the

8 fact that the accounting for this goodwill was improper. This Court finds that the allegations

9 concerning the improper accounting of goodwill as a red flag to KPMG fails to provide an

10 inference of scienter.

11 b. Tax Consulting

12 Lead Plaintiffs claim that I(PMG acted not only as an auditor, but as a tax consultant

13 to the Company and at least one of Wireless' principals. See SAC 711 185-86, 188. Lead

14 Plaintiffs, noting that "it is undisputed that Wireless' net income was overstated by $14.7

15 million as a result of its failure to properly'accrue for tax contingencies," argue that "[b]ecause

16 KPMG was so intimately involved with the Company's taxes during the time it was

17 fraudulently accounting for them, it is an eminently reasonable inference that KPMG knew

18 how the Company was accounting for its tax contingencies, and that the Company's accounting

19 was improper, based on the facts that existed at the time." Opp. to KPMG's Mot. at 18-19.12

20

12 21 KPMG urges the Court not to consider allegations presented by Lead Plaintiffs concerning KPMG's alleged involvement in setting up unlawful tax shelters for other clients. Sae KPMG's Mot. at 13, n.l 1; Opp. to 22 KPMG's Mot. at 19 & n.18. KPMG argues that scienter cannot be inferred from improper conduct alleged to occur in another arena. See KPMG's Mot. at 13, n.1 I (citing Fidel y. Farley, 392 F.3d 220, 233 (6th Cir. 23 2004)(other securities lawsuits filed against defendant not probative of scienter); In re Segue Software, Inc. Sec. Litig. , 106 F.Supp.2d 161, 171 (D.Mass. 2000)(fact that defendant named as defendant in another 24 securities lawsuit or "once worked for a company accused of accounting irregularities, borders on calumny.")). Lead Plaintiffs contend that these allegations are properly considered because, unlike the defendants in the 25 cited cases, KPMG has admitted to participating in setting up unlawful tax shelters. Opp. to KPMG's Mot. at 19, n.18. However, there is no allegation in the SAC that states KPMG admitted to the unlawful conduct. 26 Although Lead Plaintiffs submit two financial news articles as evidence to support their contention that KPMG admitted the unlawful acts, when ruling on a motion to dismiss pursuant to Fed.R.Civ.P. 12(b)(6), this Court 27 may only consider facts alleged in the complaint, documents attached to the complaint, documents relied upon but not attached to the complaint when authenticity is not contested, and matters of which the Court takes 28 judicial notice. Parrino , 146 F.3d at 705.06; Branch , 14 F.3d at 453-54; MGJC Indem. Co. , 803 F.2d at 504. The evidence submitted by Lead Plaintiffs does not fit under any of these categories. This Court is persuaded

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1 This Court finds no inference of scienter from the fact that KPMG may have acted as

2 a tax consultant and auditor to Wireless during the same period. As KPMG points out in reply,

3 there are no facts plead that connect KPMG's tax consulting with any audit of Wireless' foreign

4 tax contingencies accruals at issue in this case. See Reply at 4. In this Court's view, the

5 allegation that KPMG was "intimately involved" with Wireless' tax records due to KPMG's role

6 as tax consultant adds little or no weight to the scienter determination. See Opp. to KPMG's

7 11 Mot. at 18. Accordingly, this Court finds these allegations fail to create an inference of

8 scienter.

9 c. Internal Controls

10 Lead Plaintiffs further contend that weaknesses in the internal controls" at Wireless

11 should have put KPMG on notice that there may be fraudulent activity, creating an inference

12 of scienter . See SAC $11 198-202; Opp. to KPMG's Mot. at 20-21 . The SAC alleges Wireless

13 admitted the company's internal controls were deficient. SAC V 201. KPMG claims Lead

14 Plaintiffs' allegations are "bare allegations of a misapplication of accounting principles" which

15 "do not shed light 'on the mental state of the auditors' and at best constitute conclusory

16 allegations that KPMG was negligent in its review of [Wireless'] internal controls." KPMG's

17 Reply at 5 (citing DSO, 288 F.3d at 390-91). KPMG points out that similar allegations have

18 been rejected as "'boilerplate'red flags,' present in almost every securities fraud action' that'do

19 not meet the strong inference requirements of the Reform Act."' Id. (quoting Rei er 11, 117

20 F.Supp .2d at 1009 n.5)).

21 The SAC states that "the sheer volume of Wireless ' admitted GAAP violations indicates 22 that KPMG recklessly disregarded the Company's insufficient internal controls ."' SAC `11202. 23 This Court finds this allegation fails to identify the specific internal controls that were

24

25 by the reasoning set forth by the courts in the cases cited by KPMG. Therefore, this Court declines to consider the allegations concerning KPMG's participation in setting up unlawful abusive tax shelters for other 26 clients.

27 13 An "internal control" is defined as "a process-effected by an entity's board of directors, management, and other personnel-designed to provide reasonable assurance regarding the achievement of objectives" in 28 financial reporting , operations and compliance with applicable laws and regulations . See Evans Decl.. Exh. B (AU § 319.06-.07). 1

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insufficient and how KPMG knew about the deficient internal controls. This Court, therefore,

2 finds Lead Plaintiffs ' allegations concerning ICPMG's disregard of deficient internal controls

3 11 fails to provide an inference of scienter.

4 5. The Court's Collective Review

5 Lead Plaintiffs have alleged KPMG 's scienter based on ( 1) the restatement itself; (2) the

6 volume of Wireless' accounting errors; (3) KPMG's motivation for fees and access to Wireless'

7 corporate files; and (4) certain "red flags" that should have alerted KPMG of Wireless' alleged

8 false and misleading financial statements. See SAC 1 177-203. This Court has found that

9 I only the magnitude of the restatement provides an inference of scienter. The facts alleged 10 regarding the volume of accounting errors, KPMG' s access to Wireless ' financial records and

11 receipt of professional fees fail to infer scienter on KPMG 's part . This Court is unconvinced

12 that the alleged red flags, either individually or collectively, create an inference of IKPMG's

13 scienter. Therefore, this Court finds the allegations presented in the SAC fail to adequately

14 allege scienter under the stringent pleading standards of the PSLRA. Accordingly, KPMG's 15 motion to dismiss the SAC for failure to adequately plead scienter is GRANTED.

16 c. Dismissal With or Without Prejudice

17 Both the Wireless defendants and KPMG urge this Court to dismiss the SAC with

18 prejudice. See Wireless' Mot. at 25; KPMG's Mot. at 24. Although, as KPMG points out, this

19 is not the first attempt to present a proper pleading, see KPMG's Mot. at 24, this is the first 20 time this Court has had an opportunity to review the allegations and determine whether the 21 claims presented meet the stringent pleading requirements under the PSLRA and Rule 9(b). 22 In addition, this Court notes that denial of leave to amend in securities fraud cases is proper 23 where the plaintiff had previously amended but "declined to say what additional facts they 24 might plead if given the chance to amend." In re Vantive Corporation Sec. Litia. , 283 F.3d 25 1079, 1998 (9th Cir. 2002). Here, Lead Plaintiffs have not yet had the opportunity to explain 26 what facts they might plead to cure the deficiencies. Therefore, this Court finds that Lead 27 Plaintiffs should have the opportunity to file another amended complaint in an attempt to cure 28 the deficiencies presented herein.

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CONCLUSION AND ORDER 2 Based on the foregoing, IT IS HEREBY ORDERED that:

3 1. The Wireless defendants' motion to dismiss the SAC [doc. # 83] is GRANTED

4 IN PART and DENIED IN PART. The Wireless defendants' motion is

DENIED as it relates to the SAC's allegations of economic loss and loss causation 6 and GRANTED in all other respects;

7 2. KPMG's motion to dismiss the SAC [doc. # 86) is GRANTED in its entirety; and

8 3. The second amended complaint is DISMISSED without prejudice. Lead

4 Plaintiffs are granted leave to file a third amended complaint in conformance with

10 this Order within forty-five (45) days of the date this Order is stamped filed.

12 I Dated: March 8, 2006

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