There is no point to pay dividend, when company needs cash for materials and labor. It's much cheaper than issuing more bonds, or borrowing at a higher rate. Dividend can be resumed in future. This is the fundamental of any business: survive and prosper. It should not be a surprise.
I agree with you, today is down because a lot of people bought the share for less than $2, they are doubling their money and sell, as well a lot of people expect dividend and it cut, I am long with NOK. Investment needs patient and use the brain and the emotion. It will be a lot of up's and down's, but the trend will be up. I think NOK is still very cheap and the one who invest for long will be rewarded.
NOK is a innovation company, with great product and will known all over the world. This my take in NOK, may be I am wrong but I am long with NOK at least 5 to 6 years.