Telecommunications equipmentmaker

CommScope

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fell 31.2% in early trading as it announced a reduction in its 2001 sales and earnings growth forecasts to the midteens from 20%. The company said it was concerned that orders, including those from

AT&T

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, were below expectations in the fourth quarter.

CommScope added that it is concerned about order rates and customer financing, but it is not cutting its fourth-quarter earnings estimate. The company is the second in the sector Friday to warn due in part to order difficulties with AT&T.