Telecom Stocks Take Heavy Losses After Global Market Plunges

Telecom stocks took a beating today, along with most markets around the world. A nearly 9% drop in the Chinese stock market, as well as fears of slowing economic growth for both the U.S. and China were responsible for the heavy losses.

Just look at these numbers:

Nokia -5%
Motorola -3.38%
Verizon -4.5%
Sprint/Nextel -5.5%

This entry was posted on Tuesday, February 27th, 2007 at 5:37 pm and is filed under Wireless Industry News. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.