JDS Uniphase Down as Sector Sinks

By TSC Staff ,

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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