lt cap,

I've not read the news since I saw the INFN earnings blurb just past the close, and I've been out all day, so I'm speaking from ignorance. Which is usually a stupid thing to do. But I'll read the earnings summaries and feel like a fool afterwards.

But when I left, INFN was crossing AH trades in the mid $8.80's. I see the last trade was....$8.25, it seems. Which may mean that what you predicted was spot-on - that the Netflix win early announcement was meant to lessen the impact of some of the other news. If I recollect the blurb right - beat on earnings (I thought -.23 was consensus, and actual was -.25 - probably looking at wrong numbers.), light on revs. Plus....the announced 'restructuring'.  Sometimes restructuring is a wise business decision and makes sense. In my experience, it  can sometime mean either 1. We screwed up and need to rearrange the deck chairs on the Titanic; and/or 2. We thought we had a clear vision of the future, but it turned out our eyesight was worse than 3 blind mice. So we're going to shake things up and do a 'do-over', which will make money spent on 'losses' look like it went into a shiny new coat of paint. (And the 3 of us officers are going to stand in the corner until we've learned our lesson. But when nobody's watching.)

I'm probably wrong. Not the first time. But if it does hang around the $8.25 level, selling the $8.50 calls for .40 will look smart. For at least 15 minutes, anyway.

I'd hope the Netflix news means that some part of Netflix's transmission network will be 'hardwired' with INFN's equipment, providing a stream of hardware and maintenance revenue for a long time to come. I'm sure the analysts will weigh in on that one.