<p>OT - NOK</p> <p>Tried to find any relevant news that might tie into NOK's further 2%+ slide today - although it had regained .10 off the low of $5.11. I can find nothing explanatory, just a rehash of the data and implications of it from the CC. They did mention that of the 20 covering analysts, 7 were buy, nine were hold, and 4 were sell, with a median PT of $7.05. (Hmm..for that matter, it makes me realize that outside of MKM's 'hold', I can't recall seeing other analyst's takeaways from the CC. Perhaps I'm looking in the wrong places.) Thought today's blowdown might've been a 'sympathy' move on news from other companies - CIEN, INFN. No news there either. Except that one could say again that the market appears to simply hate the sector this year. Or perhaps parcel it out - while there were CFO and CEO buys of INFN right around the sub $12 price its sitting at now, they really need a clarifying CC next time. And CIEN needs to stop promising things that don't materialize, such as athe 'delayed' ATT order that quietly disappeared, IIRC.</p> <p>And then there's that total disconnect between data growth and sector performance. Too familiar - we hear data demand is (or is about to) exploding, but capex purse strings are tight. Makes little sense to me - I thought customers like the telecoms had pretty much squeezed the limits of what current capacity can handle. It might be tempting to buy more NOK here but.....visibility is difficult, as I see no news that really connects with price movement, and it's not showing many signs of finding a bottom.</p>