It was interesting to see that ERIC jumped on what could be described as a mixed results quarter.  They did OK on the top line but missed on the bottom line.  Expectations were low as I had expected, so mixed news is not bad news sort of thing.  IMO, the key positive in this report was that Network sales improved by 2%, meaning that the bottom has been found, that and the margin improvement mostly due to the savings kicking in from all the restructuring.  They have let go of some 22K employees.  I am also curious to see if ERIC can build on todays gains or if it will slide down from here.

I am hoping that Nokia can deliver a decent quarter, investors have not given it (nor Ericsson before its earnings today) any benefit of the doubt. If that comes to pass it could have a decent pop.  Reminder: Nokia reports on Thursday July 26th (next week).

In somewhat related news for the sector, the rumor that Amazon could get into White Box Networking (i.e. cheap Swithing and Routing boxes) has been denied by Amazon itself.  That should lift a dark cloud from the entire sector.