NOK should have all the bad news priced in, unless the world enters a terrible recession which given how there seems to be one crisis after another one, it cannot be counted out, but I digress, NOK should continue to deliver decent to good news.

Take for example the disappointment of last Feb (I think) when the arbitration was originally announced, NOK took a beating because Suri was conservative.  Today, he announces that the Technologies division will indeed produce more revenue.  He always under-promises.  I expect him to have under-promised on gross margins, revenues and synergies.  He has some two years of potential earnings surprises, which can only be derailed if the global economy tanks.

When 5G begins to ramp, it will be huge from a revenue perspective.  It will be divided by only three players, NOK stands to make out like a bandit. Keep in mind that 5G will be a global roll out that will take several years for all telecoms around the world to deploy.