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  Telecom equipment stocks open mixed as Wall Street inches higher; Alcatel-Lucent falls

Apr 30 2008

April 30, 2008 - 10:22 a.m.

NEW YORK (AP) - Telecommunications equipment makers opened mixed Wednesday as the broader market inched higher, with Paris-based Alcatel-Lucent down after posting its fifth quarterly loss in a row and saying it expects full-year sales to decline.

Wall Street advanced slightly ahead of the Federal Reserve decision on interest rates.

How some key telecom equipment stocks performed Wednesday morning:

Cisco Systems Inc. rose 20 cents to $25.71.

Alcatel-Lucent's American Depositary Shares fell 38 cents, or 5.4 percent, to $6.68.

Nortel Networks Corp. fell 15 cents to $8.58.

Juniper Networks Inc. rose 14 cents to $27.50.

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