..``Yesterday it was Kodak, today it's Priceline and I'm sure it'll be somebody else tomorrow,'' said Todd Clark, head of listed trading at WR Hambrecht & Co. in San Francisco. ``Until we can get out from under this black cloud of earnings pre-announcements, the market'' isn't going to rise.
Nortel Networks Corp., No. 8 on the most-active list, slid 5.88 to 59.50. Three blocks of 200,000 shares or more changed hands. Lucent Technologies Inc., the 12th-most-active, slid 1.88 to 28.63.
JDS Uniphase Corp., the sixth-most-active U.S. stock and the biggest maker of fiber-optic components, sank 5.31 to 97.75. A block of almost 1.9 million shares, worth $187 million, changed hands at 2:52 p.m.
Telecom-equipment stocks have been falling for weeks on concern that companies that run phone networks will cut back on their spending, said Walter Casey, an analyst for Banc One Investment Advisors Corp.
