NEW YORK—Telecommunications equipment companies headed mostly lower Monday as Wall Street retreated after Microsoft pulled its bid for Yahoo and oil prices rose to more than $120 a barrel.
Nortel slipped following Friday's earnings report and Cisco inched slightly lower ahead of its fiscal third-quarter earnings report scheduled for Tuesday.
How some key telecom equipment stocks performed Monday:
Cisco Systems fell 47 cents to $26.28.
Alcatel-Lucent's American depositary shares fell 11 cents to $6.82.
Nortel Networks Corp. fell 19 cents, or 2.2 percent, to $8.30.
Juniper Networks Inc. fell 25 cents to $28.54.
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