OT - AMD - Could not believe my eyes when I saw it up 40% today. Thought perhaps they got bought out. Or at least sold their graphics division (Their purchase years ago of Canada-based ATI has always been questionable - Nvidia is just....better.) The actual news is that they've indicated they'll have a positive quarter, after six successive losing quarters. Unreal. Apparently, 'free passes' are still available in this market if you're on life support one quarter, and doing the Jitterbug the next.

CIEN did bounce as I thought it might today, up almost 3%. I no longer have convictions except for NOK - CIEN needs a quarter where they meet or beat on all cylinders, and with capex purse strings still tight by customers, I'd think  that's not simple to achieve. I'm concerned that mgmt. has not really been all that truthful - about 3 quarters or so ago, they claimed revs were below expectations because ATT (I think it was them) had delyed an order that would be filled in the following quarter, boosting revs, and I think that never materialized. A good number of analysts are still pounding the table on them, and they may do well in the long run. But promising and not delivering eventually alienates the analyst coverage, and no company needs that headache.

And then there's MSFT -  read a humorous article that opened with 'Getting into the phone business was Steve Ballmer's 137th attempt at making Microsoft relevant outside of its PC business.' Said they have 2% of the cell phone market worldwide, and it's time to fold the tent.