Abyssmal results two quarters in a row. And that's an understatement. Significant product overlap. Wonder at 24 years younger, if Neri is more senile than Biden.
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I left HPE many years ago. This may be dated information, but the thing I knew about Aruba is that a large sale and subsequent implementation was followed by sending a large contingent of free technical people to the customer site. That was a bad sign. It gets worse. Those people worked 80 hour weeks for many weeks. Some did not go home on weekends. Engineers and lab people were always remotely engaged to try to work through issues.
Juniper, and more importantly JunOs, have been obscure technologies that depart significantly from the mainstream. Most network vendors did as much as possible to emulate the Cisco IOS interface, HP included. So much so that Cisco sued HP for cloning the interface. I think HP won, but you get the point. So, did HPE know that having an interface with familiarity was important. Apparently, they built one. Apparently not, they bought Juniper.
I appears that management is so out of touch they are churning things and waiting to see what rises to the top. Nothing is going to rise to the top. There is too much deception practiced in this industry today. A company would need very bright people with good work ethic to sort through the information/misinformation and make the right moves. That excludes HPE with the current management team.
The company needs someone with the talent required to save the wreckage. Who with that much talent would sign up for that? Doing a great job for a couple a years would likely get such a talented CEO canned if this board of directors stayed in place. It is very likely the slide into the abyss will continue.
you really don't understand? LOL! It's all a shell game that you employees are unwitting participants. Serves most of y'all right! I couldn't be happier to see your misery.
30% decline in product revenues for Juniper. It is only trying to overcharge customers for service. How long will it last? All verticals have declined including the much touted Mist superior AI tech. And HOE is paying 12 bn $ with loans..very disappointing and demoralizing for HPE employees. What worse can happen? RR replacing Neri as CEO after an year of acquisition!
So it looks like this deal will be approved......I wonder how much of the value will be written off?
https://finance.yahoo.com/news/hewlett-packard-set-unconditional-eu-133450739.html
https://www.techzine.eu/news/infrastructure/122801/juniper-figures-disappoint-on-eve-of-hpe-acquisition/
Juniper figures disappoint. Awww too bad.
Even $30 is too high of a price to pay for a dying company like Juniper. Only a fool would pay $40. HPE already has Aruba. Why do you need Mist. Fools
Su-kers & Losers. If this goes through, Juniper leadership will be laughing all the way to the bank. Neri will be left with a very sore a-s.
https://seekingalpha.com/article/4707051-juniper-networks-earnings-better-to-just-cash-in-now
Actually Juniper is a perfect fit. Two companies that can't seem to make any good strategic decisions to move their businesses forward.
Yes, Anonymous nailed it below. This is nothing more than another distraction because we have no real profitable business (we just play accounting games which, for whatever reason, the SEC allows tech companies to do) and no plan to grow in the future. There is 0 innovation at this company, there is only continuous acquisition and destruction of acquired products.
They are buying Juniper as another distraction, it keeps the whole circus rolling along, buys the execs more time to stay on the gravy train while they implement another series of restructuring and changes in direction as a result of the acquisition.
By the time that's finished it's time for another big acquisition and on we go......rinse and repeat.
It's a company run by conmen.
Doesn't make any sense at all to acquire a loser like Juniper.