Sycamore Networks Inc-(SCMR) Message Board

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Technology Stocks : Sycamore Networks Inc-(SCMR)

SCMR 0.226

0.0%

Nov 30 4:00 PM EST

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To: The Phoenix who wrote (753)	10/28/1999 6:16:00 PM
From: Smitty	Read Replies (1) of 2249

Gary...your points are well taken..and your right it is overvalued. But don't ignore the obvious. This is a hot market space. These companies are always going to be overvalued and trade at many multiple greater than they are worth even discounting future earnings. Analysts predict that the market for optical transport will be at least $17 billion by 2002. This doesn't include optical internetworking. Very conservative. So no doubt a $16B market cap is a little shy ahead of itself. The service provider demand for products like SCMRs is unsatiable. I'm not trying to justify their market value but while you were downplaying the stock at $180 you could have already profited a short term gain of $20/share. Smitty

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