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Technology Stocks : Ciena (CIEN)

CIEN 201.51

+2.9%

Nov 6 4:00 PM EST

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From: FJB	9/19/2009 9:13:58 AM
	of 12623

AT&T, Verizon plow billions into mobile No letup despite recession as mobile Internet takes hold By Jeffry Bartash, MarketWatch marketwatch.com WASHINGTON (MarketWatch) -- Despite a deep recession, rising competition and sluggish stock prices, AT&T Inc. and Verizon Communications Inc. continue to pour billions of dollars into their networks in anticipation of a bigger payoff down the line. Given the worst U.S. slump in decades and a stock market 31% off its record high, AT&T and Verizon normally would have been expected to slash capital investments. Instead, they plan to spend as much as $35 billion combined in 2009, similar to what they spent the year before...

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