Re Whats bad for ERIC is bad for NOK:

That statement is true, to what extent is the real question.  In ERIC's case, it matters a lot since it is not diversified enough.  It also matters if management has yet to get a handle on the decline in revenues and providing the correct guidance rather than keep dribbling out the bad news. That said, I tend to think it has now set the bar low enough.

Fact is, 4G being in decline is not new news, in fact if you remember, ERIC had stated this in its last third quarter CC, i.e. nearly a year ago. 

In NOK's case, we can hope that the Routing and Switching (including SDN), its optical (Long Haul, both terrestrial and sub sea) and Technologies division can cushion the decline in the Wireless division.  It also may be given a pass due to its cost reductions due to its merger.