JDS Uniphase Down as Sector Sinks
JDS Uniphase (JDSU) was down 11.8% in midafternoon, continuing a slide sparked by last week's earnings warning.
Among other network stocks,
Cisco
(CSCO) - Get Report
was a standout, up 0.2%, while most fell sharply as a result of recent warnings from JDS,
Nortel
(NT)
and
Level 3
(LVLT)
, and an
SG Cowen
downgrade of
Lucent
(LU)
.
Nortel was down 11.6%, Lucent was down 11.4%, Level 3 was down 16.2%,
Tellabs
(TLAB)
was down 9.4% and
Global Crossing
(GX)
was down 11.7%.
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