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Though many telecom equipment names with strong U.S. exposure rallied in response to AT&T's...
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Wednesday, November 7, 2012, 4:02 PM ETThough many telecom equipment names with strong U.S. exposure rallied in response to AT&T's capex announcement, Calix (CALX -9.7%) fell hard today. A likely reason: Calix depends heavily on sales to tier-2 carriers who will be in the crosshairs of AT&T's Project Velocity, which seeks to both expand the company's wireline broadband reach and make its 4G network a broadband option in many rural areas.
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