BUNN TO BUY JUNIPER
SHARE
By Herzgovinia
Malfaisance
NEW YORK (Reuters) -
Bunn (NasdaqNM: no ticker) announced his intention of acquiring
a one share holding in
Juniper Networks (NasdaqNM:JNPR) amidst early declines on the
New York markets today.
The acquisition would
put a street value of $10^-5M on Bunn's portfolio, which already
includes an astonishing
selection of indifferent positions. Speaking from his humble
two-bedroom
Spanish-style villa in South East Pasadena, Bunn emphasised his commitment
to market
destabilisation. ``This acquisition has burnt a hole in my pocket,'' he said,
referring to the 189
13/64 opening price.
Following the
announcement, trading in rival companies such as Cisco (NasdaqNM:CSCO)
became frenzied. Cisco
ended the day up 13 25/64 at 13 27/64. Bonds rallied on the
news, as fears of
rising interest rates and the expectation that Bunn might not invest
in bonds, strengthened
the 30 year Treasury issues in particular. The DOW reacted
cautiously, firming 3
points up on the news at 3096 123/256, but then shooting to
an all time high of
5010 1/2 in a late afternoon maelstrom of stock gains across the
board.
The Nasdaq, flummoxed by
the news, became belligerent at around 1pm, and several traders
had to be sedated on
the exchange floor. Shares in Juniper slumped to an all time low
before picking up
several cents, collecting their belongings, and leaving the building.
Observers were aghast
at the widespread losses in the market, and outraged at Cisco's
gains. ``It's a
scandal'', said Thomas Furbling De Witt, of Smith, Cline, Barney, Poopsie
and
Fotherington-Thomas, ``Bunn should be ashamed of himself''. A spokesman for
Cisco
wet himself. The
Standard and Poor index finished the day down at heel, whereas the
Standard and Rich ended
sloshed in a Wall Street bar.
Overseas, London's FTSE
100 briefly fell below psychological support of the acquisition,
clung to 6000, before
retracing its steps back up Wigmore Street to the Old Bailey,
where it turned itself
in.
In Tokyo, the Nikkei
average tumbled 2, prompting speculators to wonder how many Yen
make 5.
Bean counters in
Nigeria disupted the merits of Juniper, quoting much better
results with squashed
root of the OmbiGongo plant.
The Paris bourse was
untouched by the drama, due to the French Government's recent
acquisition of the
entire garlic output of Provence, and its deposit along the length
of the Champs Elysees,
which caused widespread boursier icky tummy.
The Pope is 1 billion.
ÓJulian Bunn, 2000