Ciena and JDS Uniphase showed on Thursday that it's still hard to make money in the telecom equipment market.
Ciena posted a third-quarter pro forma loss of $21.6 million, or 4 cents a share, and JDS lost $21.8 million, or 2 cents a share, after excluding restructuring and other charges. Those numbers were in line with Wall Street estimates, but both stocks fell about 4% in Thursday trading. CNN.com - Bulls charge ahead - August 22, 2002::
Shares of Ciena (CIEN: down $0.37 to $4.12) fell after the fiber-optic equipment But the losses didnt hurt the rest of the sector, with JDS Uniphase (JDSU: up
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AAPL - Posts from the Technology Category at BloggingStocks::
Worst 10-year performers: Ciena Corporations still waiting for that telecom turnaround Qwest Communications (NYSE: Q), JDS Uniphase (NASDAQ: JDSU), and
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Ciena posted a healthy 46% surge in revenues to $110.5 million, while JDS' sales slipped 2% to $170.9 million. Including acquisitions, JDS' revenue will swell to about $250 million next quarter. Posts tagged CIEN at BloggingStocks::
Worst 10-year performers: Ciena Corporations still waiting for that UBS posts Q2 losses, writedowns of $5.1B. UK inflation climbs to 4.4 percent in July
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JDS rolls up the competition::
Nortel Networks, Lucent Technologies, Ciena, Alcatel, Pirelli (OTC: PIREY) EA posts a smaller net loss than expected, thanks in part, to the roaring
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The broader market was mixed Thursday after a report showed that manufacturing was slowing even before Hurricane Katrina struck. Speculation grew that the Federal Reserve may need to halt its rate-hike campaign. August unemployment will be reported Friday morning.
The Nasdaq slipped 4 to 2147, the S&P added 1 to 1221, and the Dow lost 22 to 10,459. Volume declined to 2.23 billion shares on the NYSE, and 1.67 billion on the Nasdaq. Advancers led 20-12 on the NYSE, and by a few issues on the Nasdaq. Upside volume was 56% on the NYSE, and 42% on the Nasdaq. New highs-new lows were 287-27 on the NYSE, and 147-43 on the Nasdaq.
Opsware tacked on 1% on its results.
Avid surged 13% after announcing new software applications for Apple's OS X operating system.
 Stocks Slip in Midday Trade
 MCI-Verizon Merger Vote Set
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Ciena, JDS Post Losses 
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