Deadweight On The Markets

The telecom equipment makers are in trouble

With tech stocks giving back most of January's surprising gains, the big question on Wall Street is what's next for Nasdaq. Of course, a lot depends on just how much the economy slows. But that's anybody's guess. Better clues can be found analyzing one sector of high tech, the once high-flying equipment makers and their best customers, the telecom carriers. Here the news is not encouraging.

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