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OT - Networking
OT - I had been 'locked out' of posting for a copule of days.
But an optical network equipment corp I had not heard of Oclaro
(OCLR) reported earnings and gave guidance way, way, below
estimates, and got a 25% market cap haircut. On that same day CIEN
and INFN had nasty drops as well. while NOK was up on 'dead cat
bounce' mode, I guess. The reverse was true today - OCLR regaining
3.86% of what it lost, INFN and CIEN behaving pretty well, but NOK
being off today. The sector appears to be true to its principles:
Impossible to predict who will do what on a given day.
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