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Optical Spending Slowdown Pounds Networking Stocks

 

The optical networking equipment-sales picture came into crisper focus Monday, and Wall Street surely isn't liking what it sees.

It turns out that the cash crunch among telephone and Internet service providers that was expected to depress equipment sales next year has already begun to take effect, throwing more cold water on an already reeling networking sector. Upstart networking stocks dropped 10% and more Monday as investors worried that the onetime highfliers' sales and earnings would suffer.

The Tell'Oro

Dropping
Amex Networking Index, today (top) and one year
...

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