OT - NOK CIEN
OT - Ugly day for NOK - down 5%+ on Goldman's downgrade from
neutral to sell. Said they think there's more downside to consensus
estimates and concerns about market share.
CIEN finally had an (initial) strongish move up - Some brokerage
I've never heard of raised it to 'buy' from 'neutral', raised PT
from $34 to $42. I can't make any sense of the weakness
it's shown since earnings. The only surface thing that makes
sense to me is that it moved very quickly upward, too quickly
perhaps, and this is a correction to the price, rather than
something more fundamentally wrong with the stock. I don't see why
they shouldn't fare well going forward.
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