again, from SSB, on SYCM
SCMR: Initiating Coverage with a 2S Rating and $315 Target
Price..:$264.00 Rating: 2S Lissa Bogaty 212-816-5815
Target.:$315.00 Growth: 50.0 Yield: N/A Mkt.Cap:20592.0
PREV 07/99 .....:$N/A 07/00 E.....:$(0.04) 07/01 E.....:$0.10
CURR 07/99 .....:$N/A 07/00 E.....:$(0.04) 07/01 E.....:$0.10
P/E 07/99 ......:N/A 07/00 ......:N/AX 07/01 ......:2640.0X
HedgeClause(s)...:
--SUMMARY:--Sycamore Networks--Connectors & Other Components
*Sycamore was founded on the theory that mult wavelengths in the ntwk need
to be routed and managed and used to deliver services on the optical
layer.
*In a little over a year, Sycamore has developed one of the most versatile
and broadest optical platforms on the market.
*While Sycamore's valuation appears at first blush to be absurdly high, we
believe the company has all the earmarks of one that, after making the
right acquisitions, stands a chance to one day dwell on the Mount Olympus
of the telecom world, alongside the big, integrated telecom equipment
providers Cisco, Lucent, and Nortel.
*Furthermore, Sycamore's management team has not only cachet in the world
of technology, but appears to have the depth, breadth in terms of skill
sets, and thoughtfulness to take the company from small to large. |
