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Re: OT - NOK
CIEN
It is quite discouraging to hear the revenue projections
in the wireless sector being so ugly and for ,uch longer than
anyone expected. Merrill Lynch threw the towel and cut
rating to Neutral, so did BMO this morning. IMO, I
would need to see more downgrades to call it a bottom.
Hopefully, more throw the towel, that would be the
contrarian signal this equity needs to convince some folks looking
for a value play with a hefty dividend to come in and set a solid
floor underneath it.
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