lt cap,

Thanks so much for the take on NOK, esp. the forward looking 5G transition. If we have a swoon, I might be tempted to follow suit and grab shares, altho at 50% of what I once had, I still have a bunch. And I would guess that the analysts are going to be chary of hammering the sector, given the capex that's just over the horizon. (That said, I'm completely puzzled, as usual, why CIEN has retreated from the $27's to the $25's over the past week or so - and as usual, no news to hang that on.)  I *was* wondering whether the US ban on ZTE etc. would make European suppliers more popular there - hope so, we could use it. I've read that the sales of NOK phones (and reviews) are nothing to get excited about. But that's not their main arena, in any case.

Intel did indeed kind of crush it. And they've done some smart things as well - like with their cable tv box initiative earlier, they've shut down their 'wearables' dept. An awfully crowded space. I've been dismayed to see them steadily backing down after that earnings call propelled them to $57+. They now back around $51. Competition itself doesn't worry me that much. But they seem to be having a devil of a time bringing the 10nm shrink to market. It was supposed to be 2017, then 2018, and now they're just silent about it. What strikes me as important is that traditionally Intel brags about always being in a comfortable lead over other foundaries. If they have one still, it's probably pretty small.   They have been fortifying their 'smart' personnel by stealing two current-or-former personell, apparently to bolster what seems to be a plan to go head-to-head with Nvidia in producing their own discrete graphics cards. I hope they know what they're doing on that, as Nvidia has eaten AMD's lunch since time immemorial in the GPU department.