21.   IBM has been weaning itself from relying on large mainframe systems for its business to focus on high growth businesses, such a services, software and networking equipment.

22.   Industry watchers fear that weakened chip sales will lower demand for networking equipment.

23.   It was the second time in six months that the Rochester, N.H.-based maker of computer networking equipment delivered disappointing profit news.

24.   Later in July, the two sides are expected to discuss fiber optics and long-distance telephone network equipment.

25.   Leading the index lower was Shiva, a maker of computer networking equipment.

26.   Lisle-based Tellabs makes voice and data networking equipment.

27.   Last week, IPO investors grew bullish again after the extraordinary stock gain posted by Foundry Networks Inc., a Sunnyvale-based company that makes Internet networking equipment.

28.   Massachusetts stocks rose for a sixth day as shares of Shiva Corp. gained amid expectations that earnings will rise at the maker of computer networking equipment.

29.   Meanwhile, Diamond Multimedia of San Jose expects the deal will give it the resources to continue developing its new products such as home networking equipment.

30.   MMC Networks, a Sunnyvale maker of computer networking equipment, was the second-best performing IPO in the fourth quarter.