Infinera Q2 warning carried by Reuters, rivals unseen

Reuters was alone in reporting on April 21 that communications chipmaker Infinera Corp forecast a weak second quarter. Shares of the company, which had also reported a weak first quarter earlier in the day, fell as much as 2 percent in extended hours trading and stock closed down about 15 percent the next day. Volumes traded were about three times the 10-day moving average. Infinera, which competes with Alcatel-Lucent, Ciena Corp and Cisco Systems, provides digital optical networking systems to telecom carriers.. Neither Bloomberg nor Dow Jones had the news.