Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (28152)	9/12/2000 1:16:19 PM
From: Return to Sender	Read Replies (1) \| Respond to of 68215

Telecoms led by small manufacturers By Jeffry Bartash, CBS.MarketWatch.com Last Update: 11:18 AM ET Sep 12, 2000 NewsWatch Latest headlines NEW YORK (CBS.MW) -- Shares of telecommunications companies edged higher Tuesday in a quiet trading session, led by smaller manufacturers. In recent activity, the Nasdaq Telecommunications Index, which represents the younger equipment manufacturers, advanced 1.3 percent. Yet the phone sector, as measured by the Standard & Poor's Communications Services Index, was flat. So was the American Stock Exchange's Networking Index, which comprises the larger equipment makers. Strength was most evident among smaller equipment companies. Netopia (NTPA: news, msgs) and Adaptive Broadband (ADAP: news, msgs) led the way, each rising nearly 10 percent. One notable decliner: Efficient Networks(EFNT: news, msgs), off $4.13 to $50.13. The large equipment makers group was held back by losses among bellwethers Nortel Networks (NT: news, msgs) and Lucent Networks (LU: news, msgs). Lucent hit another 52-week low of $36.88, the latest in a series of dips. On the upside, Ericsson (ERICY: news, msgs) climbed 56 cents to $19, a 3.4 percent gain, while Nokia (NOK: news, msgs) and Cisco Systems (CSCO: news, msgs) were fractionally higher. The phone sector was fairly quiet. The Baby Bells were flat to slightly lower. At the low end, Verizon (VZ: news, msgs) fell $1 to $44.06. Among long-distance carriers, WorldCom (WCOM: news, msgs) and AT&T (T: news, msgs) moved higher while Sprint (FON: news, msgs) set yet another 52-week low, at $28.88. AT&T is reportedly pushing for a change in Congress that would lift limits on how many cable systems one company can own. Under a previous agreement with the Federal Communications Commission, Ma Bell agreed to sell off some cable assets in exchange for approval of its purchase of MediaOne. The deal made AT&T the largest cable TV supplier in the United States. Trading in mid-sized carriers was also quiet. Qwest Communications (Q: news, msgs) slipped $1.50 to $48.06. Elsewhere, the satellite sector was mixed and wireless stocks mostly rose, led by Nextel Communications (NXTL: news, msgs). Jeffry Bartash is a reporter for CBS.MarketWatch.com.