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Strategies & Market Trends : Making Money is Main Objective
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To: Softechie who wrote (1207)4/25/2001 9:05:43 AM
From: Softechie  Read Replies (1) of 2155
 
Before the Bell - Telecom gear makers hit
(Updates with telecom gear makers dropping)
NEW YORK, April 25 (Reuters) - Telecommunications-gear
makers fell in pre-open trading on Wednesday after Wall Street
firm UBS Warburg cut its investment rating on several of the
sector's stocks.
Futures were still modestly lower as they were for most of
the morning, pointing to a weaker start for Wall Street.
Cisco Systems , the top maker of gear that helps
power the Internet, fell to $15.92 on the Instinet electronic
brokerage system from Tuesday's close of $16.26, after Warburg
cut its rating to hold from buy.
Nortel Networks , also downgraded, fell to $15.12
from its $15.52 close on Tuesday, and Juniper Networks
dropped to $53.50 from Tuesday's close of $57.
Fiber-optic telecom gear maker Ciena fell to
$54.25 from its $56.67 Tuesday close.

REUTERS
Rtr 08:42 04-25-01
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