Sell - Price 3.41 on Sept. 16
by Zacks Research

SCMR provides bandwidth solutions for fixed and mobile networks. Its fiscal 4Q08 ...total revenue of $15.1 million was down 60.3% from the year-ago quarter and down 24.9% sequentially. Gross margin was 28.7%, versus 46.5% in the prior-year quarter. Adjusted diluted EPS was a loss of 3 cents for 4Q08. We remain concerned that Sycamore may have difficulty generating sustainable business from carriers...as larger vendors address these markets ....Demand for optical-networking appears to be more favorable than past years', but Sycamore's financial reports suggest a year-over-year revenue decline in spite of the 2006 acquisition of Eastern Research. [Downgrading on concerns that] business will depend on a limited number of customers. Market cap: $960 million.

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buy tech in july aug

sycamore
8/24
buy fri

"Sycamore Networks Inc" -

optical networking products

Cramer

Sycamore is largely dependent on two customers: Vodafone VOD and Sprint S. These companies made up 69% of its revenue in fiscal 2007.

Bought in 2000. Lost money.