Ericsson, Juniper to maintain partnership despite Redback deal
Reuters is reporting that Juniper shares are falling on news that Ericsson is buying Juniper rival Redback Networks for $2.1 billion. Juniper's products had been distributed by Ericsson, which has strong relationships with phone operators worldwide.

But I just got off the phone with Bjorn Olsson, Ericsson's executive vice president and general manager, networks, who said Ericsson plans to continue to work with Juniper in two product areas: Juniper's high-capacity core router, and technology related to so-called GPRS gateways.

"Those are the two basic areas where we work with Juniper," Olsson said. He didn't, however, indicate that the relationship would go much beyond those two areas.
Posted by StephanieMehta 12:07 PM 0 Comments comment | Add a Comment

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.