ot - CSCO - down 2% after Goldman lowers to neutral from buy, citing lower enterprise spending and telecom weakening demand 'ahead of 5g'. If this applies to CSCO, then I

don't see a reason why it wouldn't apply to CIEN, with its exposure to North America, and to a lesser degree to NOK. We've seen how long the telecoms can stretch out the lifetime

of existing equipment. I thought we were past that point.