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Re: NOKIA's
earnings
I'd be appreciative of any analysis of the future, given this
stunning move downward. Never had a day's decline anywhere near
resembling this on a stock, much less a portfolio. I'm pissed with
myself for not paying better attention and selling into earnings -
by the time that seemed like an obvious train barreling down the
tracks, the market was closed. I did watch around 1am ET when the
announcement came and saw that the miss wasn't pretty in the least
but a blow-off of this magnitude?
I can't see the silver lining, but I hope I'm myopic - I'd
think the only way Suri can get street cred it to product
profitability. Can't see any reason to take him at his word - and
in truth, he's saying it'll probably be about 2 years until 5g
ramps - but then again, capex spending has been awfully elusive,
and way behind predictions. I suppose one could make the argument
that it's an INTC-like situation - a pretty dividend to collect
until the company macro gets less ugly. It's only my guess, but I
don't see why dividend-cutting wouldn't be on the table.
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