JDS Uniphase Rebounds in Midafternoon, After Falling to 52-Week Low

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JDS Uniphase (JDSU) fell to a 52-week low of $37 in midafternoon, then began to bounce back. It was recently down 4.7%. The moves followed a CNBC report that Deutsche Banc Alex. Brown is urging its sales force to be cautious about the optical company.

JDS Uniphase had enjoyed a strong session until then. Other optical issues followed it down and then back up.

Corning

(GLW) - Get Report

dipped into negative territory and was down 1% after falling lower briefly;

New Focus

(NUFO)

dropped sharply and rebounded. It was up 10.2%.