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Ciena's (CIEN Quote) second-quarter performance got crushed by the continued slump in tech spending.
The news adds to the ongoing struggles among big tech suppliers like Cisco (CSCO Quote), Alcatel-Lucent (ALU Quote) and Juniper (JNPR Quote) -- outfits that sell to penny-pinching telcos like AT&T (T Quote) and Verizon (VZ Quote).
"Our fiscal second quarter was particularly challenging, reflecting the difficult macro and industry environment and continued delays in customer spending," CEO Gary Smith said in a press release. ...
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