<p>OT - NOK Earnings report pretty much missed expectations on almost all metrics. Down 4%. Said the latter half of the year was expected to 'flattish'. CEO said that the company performed well in a challenging environment, or something to that effect. I believe INFN said something similar, as all companies with disappointing quarters are required to say that. Only two bright notes: 1. They raised their savings expectatiions from the ALU acquisition from 'above 900 Eu' to 1,200 eu' - mln that is. Of couse, that's a future-conditional statement, but it sets a specific bar they must meet. 2. Analysts noted that ERIC is in worse shape competitively than NOK - I am hoping that the analogy that a man who has to jump off a 25 story building is in better shape than one who has to jump off a 50 story building does not apply ;-)  Huwei is currently the market leader and should prove to be a tough competitor. One analyst said (and I am paraphrasing here) that the market their in was pretty much without stimulus until 2020 when 5g is introduced. I hope he didn't quite know what he was talking about, as I thought 2017-18 was the introduction, with mainstream adoption going full steam by 2020.</p> <p>My two biggest positions - NOK, INFN - have pretty much messed the bed to one degree or another (I still haven't seen any cogent comments on what is going on with INFN.) Just waiting for CIEN to disappoint to have a trifecta. But I don't believe their CC isn't until Sept. 2nd or thereabouts.</p> <p> </p> <p> </p>