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Technology Stocks : Sycamore Networks Inc-(SCMR) -- Ignore unavailable to you. Want to Upgrade?

To: Victor Lazlo who wrote (599)	10/22/1999 9:40:00 PM
From: The Phoenix	Read Replies (1) \| Respond to of 2249

Victor, I didn't see your question or I would have answered it. I trust you have your answer now.... 7.475 million shares. THE OFFERING Common stock offered............ 7,475,000 shares Common stock to be outstanding after this offering............. 78,031,337 shares Use of proceeds................. We intend to use the net proceeds from this offering for general corporate purposes, including working capital and capital expenditures, and the repayment of certain indebtedness. See "Use of Proceeds." USE OF PROCEEDS We estimate that our net proceeds from the sale of the 7,475,000 shares of common stock will be approximately $263,166,500 after deducting underwriting discounts and commissions and estimated offering expenses payable by us. The principal purposes of this offering are to establish a public market for our common stock, to increase our visibility in the marketplace, to facilitate future access to public capital markets, to provide liquidity to existing stockholders and to obtain additional working capital. We expect to use the net proceeds for general corporate purposes, including working capital and capital expenditures, and the repayment of outstanding amounts under our equipment lines of credit. Other than the amounts necessary to repay the outstanding indebtedness, no specific amounts have been allocated to any particular purpose. Our lines of credit consist of:

To: Victor Lazlo who wrote (599)	10/23/1999 4:56:00 AM
From: Techplayer	Read Replies (1) \| Respond to of 2249

Victor, At the time of your question, you were given the then range and number of shares (which was later increased). It was your rude, insulting manner that led nobody to answer you for an hour or so. Everyone posting at the time was basing their opinions on the market hype surrounding this offering. It surely does not appear to have been unfounded. As for the long term stock price, this company needs to exceed all expectations for the next 3 years to warrant this valuation. Disclosure; I own 0 shares (bought NAVI at the open instead.) Brian