$XL 2Q15 Q&A: Pan from Morgan Stanley asked about expense ratio, how much that is the accounting adjustments impacted overall for XL. Pete replied there is about $15MM adjustment in amortization expense that hits the commission & brokerage line for the quarter. I’d expect that to decline slowly over time until it expires in quarter five or six.
$JNPR said its routing business has always depended on large deals
across the telco and cloud verticals and therefore has always been lumpy. Routing
is a flattish type of overall market opportunity for the company and $JNPR
believes it can compete in this environment by taking modest market share with
$JNPR stated that it was pleased with the performance in the Switching
business in 1Q17. A big driver of this performance is in the data center and is
mainly related to the deliberate focus strategy which applies to the large
cloud providers and other verticals. $JNPR believes the Switching business will
be a big growth driver in the long-term.