lt cap,

Your inference sounds correct to me - where else would he be going? Too bad there aren't any 'poaching' taboos in play. If he does go to ERIC, I hope the 'Peter Principle' comes into play. A long-shot for sure - sounds like he's done a fine job at NOK. 

We're awfully close to CIEN's CC. They've backed off a bit from their run at 22. I don't think the CC will likely be a 'neutral' event. I think it either moves the stock a fair bit higher, or a fair bit lower - the latter case probably making the stk 22 call premiums almost insignificant. 

Clearly the market is very unforgiving of downward surprises or guidance. I still can't get over how hard INFN fell after already losing 1/2 its value before the CC. Must keep Fallon up at night. I know it's made a religious man out of me - I pray for them every night.

It sure does, however, since he is staying on for a month to smooth out the transition, that may diminish the chances of  my speculation.