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

To: Smart_Money who wrote (91855)	4/3/2000 12:37:00 PM
From: puborectalis	Respond to of 108040

SCMR looks too cheap ....Lehman upgrade not helping........RESEARCH ALERT-Sycamore Networks Inc. upgraded Thu Mar 30 09:11:00 EST 2000 NEW YORK, March 30 (Reuters) - Lehman Brothers on Thursday upgraded Sycamore Networks Inc. 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." ((--David Brinkerhoff, New York NewsDesk, 212-859-1700, david.brinkerhoff@reuters.com)) REUTERS Rtr 09:11 03-30-00