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OT - NOK
NOK - Met earnings, beat on revs. But gave downward guidance for
2020 and (at least temporarily) suspended dividend for the next 2
qtrs, and said when (if?) reinstituted, it'd be based on earnings
going forward. Sounds like they're also concerned about cash going
forward. Stock off 25%. CIEN and CSCO fall somewhat, apparently in
sympathy. Hard to say what to do. Earning that dividend while
waiting was a big enticement to hold the stock. By their own
reckoning, if 2020 won't be good, when will it be? Bad day at the
OK Corral.
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