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This was a peak moment for people in the fiber optic sector.
Corning rolls out the latest warning in the fiber-optic sector, saying fiscal 2001 results aren't looking good, and making the fiber optic sector Forbes.com's Sector To Watch today.
The tech bellwether's confession, which came after Tuesday's closing bell, will heighten the skepticism on whether the fiber optic sector can overcome the economic slowdown and snapback in 2001, and makes JDS Uniphase Forbes.com's Stock To Watch.
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Corning 's murky first-quarter guidance rippled losses through the fiber-optic sector, taking JDS Uniphase into the red ahead of its fourth-quarter earnings report today.
Art Hogan, chief market analyst, Jefferies & Co., says that investors overlooked the potential for a slowdown in the fiber-optic sector.
An asteroid has destroyed the whole long-distance and fiber-optic sectors, but somehow the local service providers have survived.
Optoelectronic components can be found in televisions, compact disc players, mobile telephones and other electronic products, but Agere's offerings are usually used in fiber optic cable networks, a sector that has been hard hit with the telecommunications slump.
Sector To Watch: Fiber Optic.
The fiber optic sell-off spread quickly throughout the technology sector, where many companies have cautioned about the near-term outlook for sales and earnings.
Other fiber optic stocks also plunged.
JDS makes advanced fiber optic components.
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