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Rough session for optical names after warning from BE Semiconductor

  • BE Semiconductor (OTC:BESVFtumbled nearly 10% in Europe after cutting Q2 guidance. That, in turn, is hitting AMS to tune of 6.3%, with Northern Trust noting the soft high-end smartphone market hitting BE Semi.
  • American players: Oclaro (OCLR -2.3%), Lumentum (LITE -5.3%), II-VI (IIVI -3.2%)

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BE Semiconductor Industries N.V.