lt cap,

Hadn't thought of the DRIP idea of, I presume, delaying taxing of that dividend - which, if one owns massive amounts of NOK, is substantial. I would assume that the European tax on capital gains/dividends would be applied at the time of the dividend, as I can't see another way that they'd catch this cash distribution. IIRC, the European tax has been about 25-30% - socialism tends to not show prejudice in favor of the rich when it comes times to chip in. 

The other question I have is not a fair one at all, given that I'm not an analyst and you're not a CEO, but let me ask it anyway: The size of the recent blowdown is unexpected, and daunting. And as you say, it's not hard to get a fair idea of how your sales pipeline is/will be doing. (Well, tell that to INFN, eh?) Given that Suri seems not to know how business is doing, and there definitely is a capex slowdown (and I keep wondering why that doesn't end up in a price war?) is the fundamental long term story for NOK intact, simply running into significant,but short-term headwinds, or does all the uncertainty surrounding all the optical networking stocks (INFN, CIEN, etc.) also bring into question the very positive long term story? (Yeah - not a fair question to ask you, kind of like asking will Suri give another surprisingly bad account going forward, so feel free to ignore it at your discretion.)