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The downturn in optical equipment stocks slammed

Ciena

(CIEN) - Get Ciena Corporation Report

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

WorldCom

TheStreet Recommends

(WCOM)

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

Nortel's

(NT)

disappointing sales sent techs reeling.