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Juniper Networks


was down 3.3% in early afternoon after striking a 52-week low of $57.50.

Lehman Brothers

cut its 12-month price target to $100 from $175 but maintained its buy rating. The stock is down from a 52-week high of $244.50.

Other network equipment stocks were also down.

Cisco Systems


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hit a 52-week low of $23.25, but rebounded and was up 1.3%.

Among smaller companies,

Foundry Networks


was down 6%, and

Extreme Networks


was down 5.1%.