Ciena Sees Red

Things seem to be picking up in technology, but not equally for every segment.

Ciena, which specialises in the advanced optical and Ethernet equipment used by big telecom operators, reported a fiscal third quarter loss of $26.5m, or 29 cents a share, compared with a profit of $11.7m, or 12 cents a share, a year earlier.

In fact, results from Ciena, networking equipment manufacturer to the stars (of telecommunications) show that there isn’t much of a recovery in infrastructure spending among larger carriers this year.

Even in the fast-growing wireless segment, market research firm Dell’Oro predicts that “revenue for the total mobile infrastructure market… [will] contract 10 percent in 2009.”

That said, Intel’s recent earnings report indicates that the overall tech sector may be recovering; Intel makes processors used in all kind of technology, from mainframes to smartphones.

[Image source: Photo by Extra Ketchup via Flickr]