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Technology Stocks : Sycamore Networks Inc-(SCMR)

SCMR 0.226

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Nov 30 4:00 PM EST

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To: Marq Spencer who wrote (1720)	1/18/2001 8:52:27 PM
From: Techplayer	Read Replies (1) of 2249

Marq, This is why. optics are not dead. "Nortel Networks Optical networking giant Nortel Networks (NT: news, msgs) came in at the Street's expectations, with earnings of 26 cents per share. Nortel said it earned $825 million compared with $607 million a year earlier. The Brampton, Ontario-based company posted a 24 percent gain in fourth-quarter profit from operations amid solid sales of fiber-optic and wireless equipment. Revenue climbed 34 percent to $8.8 billion, above the average estimate of analysts surveyed by First Call. Read full story. Shares moved up to $38.88 in third market trading after closing up $1.94 to $36.69 in regular session trading."

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