Any thoughts??
Five super falls -- one superball
Last week was a rough one for stock investors, as shareholders in nearly 5,000 companies (yes, you read that right) ended the week poorer than they began it. Hundreds of stocks -- including the five named here -- were literally decimated, losing 10% or more of their market cap in just a few short days. So what went wrong?
At JDS Uniphase, your guess is as good as mine. The telecom-equipment maker really didn't have any bad news to tell us last week. On the other hand, JDS rival Ciena did get hit with some pretty discouraging Wall Street commentary, while investors have begun muttering the "B" word -- bankruptcy -- about Alcatel-Lucent (NYSE: ALU ) . So perhaps it's a guilt-by-association thing going on at JDS.