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Ciena, JDS Post Losses

Ciena and JDS Uniphase showed on Thursday that it's still hard to make money in the telecom equipment market.

Ciena posted a third-quarter pro forma loss of $21.6 million, or 4 cents a share, and JDS lost $21.8 million, or 2 cents a share, after excluding restructuring and other charges. Those numbers were in line with Wall Street estimates, but both stocks fell about 4% in Thursday trading.

Ciena posted a healthy 46% surge in revenues to $110.5 million, while JDS' sales slipped 2% to $170.9 million. Including acquisitions, JDS' revenue will swell to about $250 million next quarter.

The broader market was mixed Thursday after a report showed that manufacturing was slowing even before Hurricane Katrina struck. Speculation grew that the Federal Reserve may need to halt its rate-hike campaign. August unemployment will be reported Friday morning.

The Nasdaq slipped 4 to 2147, the S&P added 1 to 1221, and the Dow lost 22 to 10,459. Volume declined to 2.23 billion shares on the NYSE, and 1.67 billion on the Nasdaq. Advancers led 20-12 on the NYSE, and by a few issues on the Nasdaq. Upside volume was 56% on the NYSE, and 42% on the Nasdaq. New highs-new lows were 287-27 on the NYSE, and 147-43 on the Nasdaq.

Opsware tacked on 1% on its results.

Avid surged 13% after announcing new software applications for Apple's OS X operating system.



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