Warning Mummifies Tut Systems

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Broadband provider

Tut Systems

(TUTS)

was down 16.2% in midmorning after it warned that fourth-quarter results would be below the Street's expectations. The stock fell more than 35% Wednesday after

Dain Rauscher Wessels

downgraded it and cut earnings estimates. Tut said tighter capital markets are squeezing its customers.