Ericsson Skirts Downturn in Preopen Trading - TheStreet

Ericsson

(ERICY)

edged up 0.5% in preopen

Island

trading, one of the few stocks that managed to avoid the selloff in the early going, sparked by

Intel's

(INTC) - Get Report

warning. But other telecommunications stocks and equipment makers were down as the Intel-inspired weakness spread beyond PC-related stocks.

JDS Uniphase

(JDSU)

was down 4.8%.