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Efficient Networks Down 34% After Warning of Second-Quarter Shortfall

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Efficient Networks (EFNT) was down 34% in after-hours Island trading after it warned that second-quarter revenue would be $100 million to $102 million, below previous forecasts, due to a shortfall in orders. The broadband access company said two major customers did not place expected orders. The stock lost 14% in Tuesday's regular session.

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