Sonus slips 10% due to projected drop in Q3, '08 revenueShares of Sonus Networks (Nasdaq:SONS) dropped nearly 10% and hit a new 52-week low this morning after the company announced it expects a significant decrease in revenue for its third quarter and the full year 2008. The Westford, Mass.-based infrastructure equipment and software provider said in a statement issued at 8:30 am ET that it experienced weakness toward the end of the third quarter, “due to several factors including the challenging environment.” By late morning, Sonus is at $2.19, down $0.24 from Monday’s close, after falling as low as $1.76 earlier in the day. The stock had previously traded as low as $1.99 and as high as $7.59 during the past year. More than 5 million shares had changed hands compared with an average three-month volume of 3.6 million. For detailed price information and news stories on Sonus Networks, click SONS. spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer
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