Telecom Equipment and Chip/Component Stocks On Watch: Tech Business Update
Shares of quite a few big telecom equipment and chip/component names are down on the day after Alcatel-Lucent’s (NYSE:ALU) third quarter results, which included an 11 percent quarter-over-quarter and an 18 percent year-over-year fall in revenue at its Optics unit. Among the several stocks in this situation include those of CIENA Corporation (NASDAQ:CIEN), Finisar Corporation (NASDAQ:FNSR), Altera Corporation (NASDAQ:ALTR), and Cavium Networks (NASDAQ:CAVM). For some time, concerns in regards to telecom capital expenditures have been running high.
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