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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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From: bob zagorin	2/27/2007 5:12:45 PM
	of 2249

Sycamore 2Q Sales Soar Tuesday February 27, 10:37 am ET Sycamore 2nd-Quarter Sales Jump, Options Probe Nearly Done CHELMSFORD, Mass. (AP) -- Sycamore Networks Inc., a maker of optical switches, said Tuesday its fiscal second-quarter revenue nearly doubled, and its investigation of stock options granting practices is "substantially complete." The company, which did not provide full quarterly results, said it has begun determining the accounting and tax implications of its options probe, and added it will not be able to finish its required prior filings by the March 14 deadline. Sycamore's sales for the quarter rose 91 percent to $39.8 million from $20.8 million a year earlier. Analysts polled by Thomson Financial were expecting sales of $37 million. The company also said it does not expect to file its report for the second quarter, which ended Jan. 27, by the March 8 deadline, and will ask the Nasdaq's listing qualifications panel for more time. Shares were unchanged at $3.95 in morning trading on the Nasdaq Stock Market.

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