Business Services Industry
Dallas-Based Efficient Networks Hurt by DSL Slowdown.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, August, 2000 by Bajaj, Vikas
Aug. 22--Efficient Networks Inc.'s stock lost almost 11 percent of its value Monday on concerns that its biggest customer was seeing a slowdown in its rollout of digital subscriber lines.
The Dallas-based DSL equipment maker ended the day at $43.97, down $5.41. The stock is down 39 percent since July 3, when it was trading at $72.13.
The drop followed a Credit Suisse First Boston report that attributed the recent slide in Efficient's stock to slowing of DSL deployment by SBC Communications Inc., which accounts for 38 percent of Efficient's business.
DSL is a technology that allows carriers to speed up the transmission of data over telephone lines. Efficient is a leading supplier of DSL equipment.
"For at least a temporary period...
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