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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: swisstrader who wrote (90526)	3/30/2000 10:37:00 AM
From: puborectalis	Respond to of 108040

SCMR is a must own for any tech fund.....NEW YORK, March 30 (Reuters) - Lehman Brothers on Thursday upgraded Sycamore Networks Inc. (NasdaqNM:SCMR - news) to buy from neutral. -- Analyst Steve Levy set an end-of-year price target of $200 for the optical network equipment firm, which closed at 124-15/16 in Wednesday Nasdaq trading. -- ``The intelligent optical networking market is potentially one of the most exciting and open-ended segments of the telecommunication equipment industry,' Levy wrote in a research note. -- raised his 2000 earnings-per-share forecast to $0.05 from nil, while lifting 2001 EPS view to $0.14 from $0.03. -- ``We are...updating our Sycamore earnings model to reflect the company's January quarter results and the completion of its recent $1.5 billion secondary stock offering,' he wrote. -- ``Our new revenue forecasts nearly double as compared to our last projections, published in February 2000, before the release of December quarter earnings.' -- ``Our new model forecasts revenues of $137 million and $324 million for fiscal 2000 and 2001, respectively.' -- ``These new figures reflect the growth in new customers, both domestically and internationally, as well as higher demand from current customers.' biz.yahoo.com