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OT - NOK
OT - NOK - Getting beaten badly on a bad market day. The story I
read wasn't very clear about the reason, but it appears to relate
to some liabilities from the Alcatel-Lucent acquisition, with NOK
putting out a statement that they're being as transparent and clear
as they can about those issues, with the implication seeming to be
that they didn't list them as risks adequately before. At least
that's the most I can make of it.
I am getting more tempted to buy CIEN, altho that might overload
me if they don't stop dropping in value. Very puzzling - can't find
a bit of data that explains the tumble.
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It looks like Alcatel was not exactly keeping the books on the
up and up. Nokia has quantified the hit, it will be ~$125M,
so not significant. IMO, the 5G cycle trumps these news.
Ericsom went down nearly as much on the same day. Also,
the entire sector has been under pressure in the past week.
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Author:
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LongTerm
CapGains
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Subject:
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Off Topic
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Sentiment:
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Neutral
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Date:
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03/25/19 at 11:25 AM CDT
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