Jon,

Yeah, I was a bit puzzled by the lowering of 2019 below guidance. I thought we were on the cusp or into the ramp up to 5g. Perhaps it's a company-specific issue. But from what I've read, the 5g transition will be a long-rollout affair. Think what I read said that a full rollout will take between now and 2025. Perhaps it requires more patience than we've already shown.

And I don't quite know what to make of the fact that NOK's recent swift rise was apparently due to the good news at Ericsson - If that was/is not realted to NOK, then I ponder why it hasn't had a meltdown today to the ~$6 price it had before Ericsson's tailwind behind it?