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To: Rick Buskey who wrote (41328)	11/15/2000 9:22:04 AM
From: Softechie	Read Replies (2) of 57584

Sycamore Networks Seeks To Hike Authorized Shrs To 2.5B 20 Oct 14:06 WASHINGTON (Dow Jones)--Sycamore Networks Inc. (SCMR) is asking its shareholders to approve a proposal to increase the number of the company's authorized common shares to 2.5 billion from 1.5 billion, according to a preliminary proxy statement filed Friday with the Securities and Exchange Commission. Shareholders may vote on the proposal at the company's annual meeting in Boston scheduled for Dec. 14. The company said in the filing that the availability of additional authorized shares will provide it with the flexibility to issue common stock for purposes which may be identified in the future. Such purposes may include, acquisitions through the use of stock, the establishment of strategic relationships with other companies, the adoption of additional employee benefit plans, and effecting stock splits, according to the filing. Sycamore Networks, based in Chelmsford, Mass., is a fiber-optic networking products company. -Al Hennagir; Dow Jones Newswires/Federal Filings Business News; 202-628-9793 (END) DOW JONES NEWS 10-20-00 02:06 PM

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