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Juniper Networks
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===Further development=== In late 2000, Juniper formed a joint venture with [[Ericsson]] to develop and market [[network switch]]es for internet traffic on mobile devices,<ref>{{cite news|title=Business Brief -- Juniper Networks Inc.: Joint Venture With Ericsson Will Sell Advanced Switches|newspaper=The Wall Street Journal|date=December 1, 2000}}</ref><ref>{{cite news|title=It takes two to network|last=Weber|first=Toby|newspaper=Telephony|date=December 4, 2000}}</ref> and with [[Nortel]] for [[Optical fiber|fiber optic]] technology.<ref>{{cite news|title=Nortel, Juniper form fibre alliance|newspaper=The Ottawa Citizen|date=June 30, 2000}}</ref> In 2001, Juniper introduced a technical certification program and was involved in the first optical internet network in China.<ref name="one"/><ref name="Pavlichek2002"/>{{RP|12}} Juniper's growth slowed in 2001 as the telecommunications sector experienced a slowdown<ref>{{cite news|title=Juniper Networks Cites Sluggish Sales As It Posts a Loss|first=Scott|last=Thurm|newspaper=The Wall Street Journal|date=July 13, 2001|page=B6}}</ref> and revenues fell by two-thirds during the [[Dot-com bubble|dot-com]] bust.<ref name="businesstwo">{{cite news|title=King of the Road|first=Om|last=Malik|date=September 2004|newspaper=Business 2.0}}</ref> 9 to 10% of its workforce was laid off.<ref>{{cite news|title=Juniper announced it will cut work force|date=June 9, 2001|publisher=Associated Press|url=https://news.google.com/newspapers?nid=1291&dat=20010609&id=ZUlUAAAAIBAJ&pg=1486,1693448|access-date=December 3, 2014}}</ref> Juniper had rebounded by 2004, surpassing $1 billion in revenues for the first time that year<ref name="businesstwo"/><ref name="primaryone">{{citation|publisher=Juniper Networks|title=2004 Annual Report|journal=CSA News |date=2005 |volume=50 |issue=4S1 |page=1 |doi=10.1002/j.2325-3584.2005.tb02765.x |bibcode=2005CSAN...50....1. |url=http://investor.juniper.net/files/doc_financials/annual_reports/juniper-annual-report-2004.pdf|access-date=December 21, 2014}}</ref> and reaching $2 billion in revenue in 2005.<ref>{{cite news|newspaper=Barrons|url=http://online.barrons.com/articles/SB50001424053111904255004580029252567849766|access-date=December 23, 2014|title=Juniper Networks: Why the Stock Could Climb 30% or More|first=Tiernan|last=Ray|date=July 19, 2014}}</ref> Beginning in 2004, with the acquisition of [[NetScreen Technologies|NetScreen]], Juniper Networks began developing and marketing products for the enterprise segment.<ref name="corporate">{{cite news|title=Juniper gains corp. network ground|url=http://www.networkworld.com/article/2315230/lan-wan/juniper-gains-corporate-network-ground.html|archive-url=https://web.archive.org/web/20150505060510/http://www.networkworld.com/article/2315230/lan-wan/juniper-gains-corporate-network-ground.html|url-status=dead|archive-date=May 5, 2015|newspaper=Network World|first=Jim|last=Duffy|date=October 24, 2005|access-date=May 4, 2015}}</ref> Juniper had a reputation for serving ISPs, not enterprises, which it was trying to change.<ref name="appleomega">{{cite news|title=Juniper: Secured & assured?|first=Tim|last=Greene|newspaper=Network World|date=April 25, 2005|url=http://www.networkworld.com/article/2320274/wireless/juniper--secured---assured-.html|archive-url=https://web.archive.org/web/20150505062016/http://www.networkworld.com/article/2320274/wireless/juniper--secured---assured-.html|url-status=dead|archive-date=May 5, 2015|access-date=February 6, 2015}}</ref><ref name="dfaiuh">{{cite news|title=Juniper angling for broader role|last=Greene|first=Tim|newspaper=Network World|date=June 9, 2008}}</ref> By 2005, enterprise customers accounted for one-third of the company's revenues,<ref name="corporate"/> but it had spent $5 billion in acquisitions and [[Research and development|R&D]] for the enterprise market.<ref>{{cite news|title=Juniper feels growing pains|newspaper=Network World|url=https://www.networkworld.com/article/820700/lan-wan-juniper-feels-growing-pains.html|first=Jim|last=Duffy|access-date=February 6, 2015|date=June 11, 2007}}</ref> In 2006, more than 200 US companies restated their financial results due to a series of investigations into [[Options backdating|stock backdating]] practices.<ref name="bloom">{{cite news|title=Juniper Will Pay $169 Million to Settle Options Backdating Suit|first=Joel|last=Rosenblatt|date=February 11, 2010|url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=aTc9CLbkWbHw|publisher=Bloomberg|access-date=December 22, 2014}}</ref><ref>{{cite news|title=Juniper Networks hit by Dollars 900m stock option charge|first=Kevin|last=Allison|newspaper=Financial Times|date=December 21, 2006}}</ref> Juniper stockholders alleged the company engaged in deceptive backdating practices that benefited its top executives unfairly.<ref name="bloom"/><ref name="reutersss"/> In December 2006, Juniper restated its financials, charging $900 million in expenses to correct backdated stock options from 1999 to 2003.<ref name="bloom"/> This was followed by a $169 million settlement with stockholders in February 2010.<ref name="reutersss">{{cite news|title=Juniper settles option backdating suit for $169 mln|date=February 11, 2010|url=http://uk.reuters.com/article/juniper-backdating-idUSN1019708920100211|archive-url=https://web.archive.org/web/20161107221452/http://uk.reuters.com/article/juniper-backdating-idUSN1019708920100211|url-status=dead|archive-date=November 7, 2016|publisher=Reuters|access-date=December 22, 2014}}</ref>
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