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In 2003, Juniper entered the IT security market with its own JProtect security toolkit before acquiring security company Net Screen Technologies the following year.In the early 2000s, Juniper entered the enterprise segment, which accounted for one-third of its revenues by 2005.Juniper Networks originally focused on core routers, which are used by internet service providers (ISPs) to perform IP address lookups and direct internet traffic.
Johnson “selected” the grant dates and backdated option awards for a “substantial number of cases” at the company.
The company said Johnson did not receive any misdated options and “found no evidence” that he had been advised about the accounting fallout of issuing misdated options.
Johnson received no misdated options, the company said.
Foundry, which makes computer networking hardware, also stripped Timothy D. But it shifted him into a new executive job that has no accounting or financial responsibilities.
The company develops and markets networking products, including routers, switches, network management software, network security products, and software-defined networking technology.
The company was founded in 1996 by Pradeep Sindhu, with Scott Kriens as the first CEO, who remained until September 2008.Foundry’s case is noteworthy because of the similarities to the high-profile case involving Apple CEO Steve Jobs.Though Apple acknowledges that Jobs recommended favorable grant dates, the company said he did not understand the accounting implications. But Apple said he did not benefit from the options, which he later exchanged for restricted stock.Kriens has been credited with much of Juniper's early market success.It received several rounds of funding from venture capitalists and telecommunications companies before going public in 1999.The Santa Clara company said Johnson was not advised that such practices could violate accounting rules and cause the company to overstate its profits.Tags: Adult Dating, affair dating, sex dating