While European telecommunications stocks have fallen even more than that, he said, they also started from an inflated level.

Even some telecommunications stocks in Indonesia appear to be swept up in the enthusiasm.

But within months of making the investments, the shares of all the telecommunications stocks fell sharply.

The one group of pre-2000-peak favorites that failed to make a significant bounce was telecommunications stocks.

It follows broad themes, including but not restricted to technology and telecommunications stocks.

And like many telecommunications stocks, both have tumbled in the last three years.

It's certainly too early to be jumping into telecommunications stocks.

But broader market averages fell, hurt by weakness in telecommunications stocks.

Worries over a questionable accounting practice have spread to European telecommunications stocks, causing some to tumble today.

Further, not all telecommunications stocks are in the doghouse.