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  "documentTitle": "Juniper Networks (JNPR)",
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  "authorName": "Elliott Management",
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  "presentationDate": "2014-01-13 00:00:00",
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  "notes": "Includes detailed footnotes regarding assumptions for ASR and Opex reduction.",
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      "kind": "callout",
      "text": "Value creation is tremendous – 57% EPS accretion and stock prices of $35-40, representing 57-77% upside",
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      "text": "Source: Elliott estimates. Based on Bloomberg, company filings, Capital IQ, and Wall Street research. Analysis as of 1/9/14.",
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      "text": "The combination of a $3.5B share repurchase program and a $200M operating expense reduction could result in Juniper's stock price rising to $35 – $40 in our view",
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      "text": "2015E VALUE ENHANCEMENT FROM IMMEDIATE SHARE REPURCHASE AND COST SAVINGS",
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      "text": "Value Creation Initiatives #1 & #2: Cost Realignment + Capital Return Should Result in Significant, Long-Term Value Creation",
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