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Closing Glance: Telecom equipment shares edge up

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May 2, 2008

NEW YORK—Telecommunications equipment companies inched mostly higher Friday as Wall Street advanced after a better-than expected jobs report. Nortel, however, erased earlier gains and fell slightly after posting a wider first-quarter loss.

How some key telecom equipment stocks performed Friday:

Cisco Systems Inc. rose 8 cents to $26.75.

Alcatel-Lucent's American Depositary Shares climbed 20 cents, or 3 percent, to $6.93.

Nortel Networks Corp., fell 21 cents, or 2.4 percent, to $8.49.

Juniper Networks Inc., rose 17 cents to $28.79.

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