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  "documentTitle": "Juniper Networks (JNPR)",
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  "authorName": "Elliott Management",
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  "notes": "Uses a 'Plan vs. Actual vs. Proposed' structure to highlight management failure.",
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      "text": "Juniper can and should go much further in its capital return strategy by adopting a $3.5B share repurchase program and a $0.125 quarterly dividend",
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      "text": "Product Portfolio Optimization: Juniper's Plan vs Actual Result vs Value-Maximizing Plan",
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      "text": "Cost Savings: Juniper's Plan vs Actual Result vs Value-Maximizing Plan",
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      "text": "In 2013, we anticipate an operating expense reduction of approximately $150 million over our estimated 2012 levels, with benefits beginning to be reflected in Q1 and the majority of the reduction occurring in the second half of 2013. — Q2'12 Juniper earnings call",
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      "text": "Source: Company filings, call transcripts. 1. Q2'12 Juniper earnings call: “In 2013, we anticipate an operating expense reduction of approximately $150 million over our estimated 2012 levels...\"",
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      "text": "Executing the Value Plan: Juniper's Current Plan is Not Enough",
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