lt cap,

Thanks for the view, esp. on NOK. I'm wondering if you have a view of INFN, which has dramatically dropped from the 10's to the near-low 8's - I really couldn't find info about how the earnings went, but from the stock price, it must've been pretty terrible. I do recall an analyst, several months ago, dropping INFN to underperform, saying that the performance of their equipment at this point is just outmatched by their competitors. Don't know how true that is, but were it to be valid, going into what ought to be a secular upswing with a rusty gun doesn't allow for any way to turn things around quickly.

CIEN just dances to its own drummer. After hitting around $27.50 (from memory), it has, bit by bit, slowly retreated into the $25's. And even less news than the other networking stocks to support that. I thought hard enough about selling calls when it was past $27, serious enough to put in bids, but got no takers at my price. I'm not much concerned about it - I figure to see where it is in late August, as Sept. (I think) ought to be their earnings, and the premiums on calls traditionally fatten at that point.