Sunday, April 13, 2008

Telecommunications Equipment Makers Open Lower As Wall Street Retreats

NEW YORK (AP) -- Shares of communications equipment makers opened lower Friday along with the broader market after General Electric's first-quarter results disappointed investors.

Here is how some key telecom equipment stocks performed Friday morning:

Cisco Systems Inc. fell 37 cents to $23.67

Alcatel-Lucent American Depository Shares fell 7 cents to $5.93

Nortel Networks Corp. fell 19 cents, or 2.6 percent, to $7.10

Juniper Networks Inc. fell 61 cents, or 2.6 percent, to $22.70

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