Sycamore Networks Announces Receipt of Extension Granted by the NASDAQ Listing Qualifications Panel
Monday January 29, 5:50 pm ET
CHELMSFORD, Mass.--(BUSINESS WIRE)--Sycamore Networks, Inc. (NASDAQ: SCMR - News), today announced that the Nasdaq Listing Qualifications Panel has granted the Company's request for continued listing of the Company's securities on The Nasdaq Stock Market subject to the Company becoming current in its delinquent periodic reports by filing with the Securities and Exchange Commission on or before March 14, 2007 its Form 10-K for the year ended July 31, 2006 and its Form 10-Q for the period ended October 28, 2006 and any restatements of previously issued financial statements. As previously announced, these filings have been delayed due to the ongoing independent investigation of the Company's historical stock option practices and related accounting matters. The Panel's decision is also subject to the Company providing the Nasdaq Hearings Department with additional information relating to the Company's investigation into its option grant practices by March 2, 2007 and the Company complying with all other requirements for continued listing and promptly notifying the Panel of any significant events occurring during this extension.
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About Sycamore Networks
Sycamore Networks, Inc. (NASDAQ: SCMR - News) is a leading provider of intelligent networking solutions for fixed line and mobile network operators worldwide. From multiservice access networks to the optical core, Sycamore products enable network operators to lower overall network costs, increase operational efficiencies, and rapidly deploy new revenue-generating services. Sycamore's global customer base includes Tier 1 service providers, government agencies, and utility companies. For more information, please visit www.sycamorenet.com. |
