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Some telecom equipment names slump after ZTE (ZTCOY.PK) becomes the latest vendor to warn. CIEN...
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Monday, July 16, 2012, 11:48 AM ETSome telecom equipment names slump after ZTE (ZTCOY.PK) becomes the latest vendor to warn. CIEN -3.2%. ALU -3.1%. ERIC -1.4%. Particularly worrisome may be ZTE's remarks about delayed orders from Chinese carriers, given how China, thanks to its heavy broadband spending, has remained an area of strength amidst a soft telecom capex environment. ZTE has also emerged a top-5 mobile phone vendor, thanks partly to strong Android sales. (Adtran) (Calix) (Acme Packet)
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