Communications Today Stockwire

Communications Today, Jan 16, 2003

01/15/03 5:00 p.m.

The Dow Jones U.S. Telecommunications Index finished up on Wednesday, closing at 123.14, a 0.40 percent increase since Tuesday.

The Dow and Nasdaq both finished in the red Wednesday after Intel's [Nasdaq: INTC] latest earnings results sparked concern about the chip industry even as the company beat earnings forecasts.

In the telecom sector, AT&T [T] increased 19 cents to finish at $27.46 while SBC Communications [SBC] dropped $1.07 to close at $28.54.

On the wireless side, Rogers Wireless Communications [RCN] gained 19 cents to close at $11.39 while Nokia [NOK] dropped 9 cents to finish at $16.47.

In the satellite sector, Lockheed Martin Corp. [LMT] lost $1.20 to finish at $53.80 while Harris Corp. [HRS] gained $2.19 to close at $31.13.

The Dow Jones Industrial Average decreased 119.44 points, or 1.35 percent, to 8,723.18. The Nasdaq decreased 22.19 points, or 1.52 percent, to finish at 1,438.80.

Today's Telecom Winners
1.  Harris Corp.               28.94  31.13  2.19
2.  Orbital Sciences Corp.     4.65   5.1    0.45
3.  Rockwell Automation, Inc.  23.35  23.72  0.37
4.  Rogers Wireless Comm Inc.  11.2   11.39  0.19
5.  AT&T Corp.                 27.27  27.46  0.19
Today's Telecom Losers
1.  Lockheed Martin Corp.      55     53.8   -1.2
2.  SBC Comm Inc.              29.61  28.54  -1.07
3.  ALLTEL Corp.               53.46  52.45  -1.01
4.  BellSouth Corp.            27.6   26.6   -1
5.  Verizon Comm Inc.          41.18  40.19  -0.99

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