Communications Today Stockwire

09/18/02 5:00 p.m.

The Dow Jones U.S. Telecommunications Index finished down on Wednesday, closing at 98.02, a 0.89 percent decrease since Tuesday.

The Dow and Nasdaq both finished in negative territory Wednesday, driven downward by disappointing profit news from financial giant J.P. Morgan Chase [JPM] and bellwether Oracle [ORCL].

In the telecom sector, BT Group plc [BTY] gained 35 cents to close at $30.20 while Alltel [AT] dropped 60 cents to finish at $43.86.

On the telecom equipment side, Siemens AG [SI] dropped $1.24 to close at $38.46 while Lucent Technologies [LU] lost 6 percent to finish at 94 cents.

In the satellite sector, Lockheed Martin Corp. [LMT] gained $1.17 to close at $65.19 while PanAmSat Corp. [SPOT] increased 28 cents to finish at $17.88.

The Dow Jones Industrial Average finished down 35.10 points, or 0.43 percent, to 8,172.45. The Nasdaq decreased 7.81 points, or 0.62 percent, to finish at 1,252.13.

Today's Telecom Winners
1.  Lockheed Martin Corp.  64.02  65.19  1.17
2.  Microsoft Corp.        47.29  47.75  0.46
3.  BT Group plc           29.85  30.2   0.35
4.  PanAmSat Corp.         17.6   17.88  0.28
5.  AOL Time Warner Inc.   12.58  12.83  0.25
Today's Telecom Losers
1.  Siemens AG             39.7   38.46  -1.24
2.  QUALCOMM Inc.          26.96  25.99  -0.97
3.  ALLTEL Corp.           44.46  43.86  -0.6
4.  France Telecom         9.52   9.04   -0.48
5.  Equant N.V.            3.5    3.12   -0.38

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