Pass-Down-the-Line Blues Overtake Ciena - TheStreet

The downturn in optical equipment stocks slammed

Ciena

(CIEN) - Get Report

hard by late afternoon. The stock was down 10.6% after tumbling even lower when

WorldCom

(WCOM)

a major customer, said it would reduce equipment spending. Ciena lost 20% on Wednesday after

Nortel's

(NT)

disappointing sales sent techs reeling.