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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: James Lee Baldwin who wrote (1879)	2/14/2001 9:29:13 AM
From: ayahuasca	Read Replies (1) of 2249

The following is the sort of laughable stuff we get from the analyst crowd. The title the story very negatively and the tone follows, though there is no substance. This guy at Lehman shouldnt have been carrying a $150 target at this point to begin with. Now that it's 'slashed' to $75, I wonder what the recommendation will be. I mean can a target that is 300% higher thanthe cirrent price worth anything other than a strong buy? Lehman Brothers slashed its price target on Sycamore Networks (SCMR:Nasdaq - news) this morning to $75 from $150, but its shares defied the cut and climbed in pre-open trading. Stocks of the Chelmsford, Mass., software company recently rose $1.69, or 7.48%, to $24.25 in Island pre-open trading, up from its previous closing price of $22.56 on the Nasdaq. No further details of analyst Steven Levy's move were immediately available. Yesterday, Sycamore reported second-quarter earnings that beat analysts' expectations by a penny, helped by its top-line growth

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