Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: James Lee Baldwin who wrote (1236)	4/20/2000 1:09:00 PM
From: James Lee Baldwin	Read Replies (1) \| Respond to of 2249

Global NAPs to Expand National Data Network With Sycamore Networks Intelligent Optical Networking Equipment CHELMSFORD, Mass.--(BUSINESS WIRE)--April 20, 2000-- Global NAPs to use Sycamore equipment to reduce costs and accelerate time-to-market of new wave services Sycamore Networks (NASDAQ: SCMR), a leader in intelligent optical networking, today announced that Global NAPs, a national competitive local exchange carrier (CLEC), will deploy Sycamore Networks' SN 8000 network nodes and SILVX(TM) optical network management system to further scale its Internet backbone bandwidth services. Global NAPs currently offers T1 through OC-3 services to customers from New England to Florida with plans to expand its services to California, Washington, Georgia, Nevada and Illinois by the end of 2000. "Sycamore's equipment will allow us to move quickly from deployment to revenue and in the process, dramatically reduce our operational costs," said Frank Gangi, president of Global NAPs. "It will allow us to provide new high-speed wave-based services to a broad range of customers and make managing those services seamless within our entire network." Sycamore Networks' SN 8000 provides the industry's most versatile optical networking transport platform. Due to its software-centric design, the SN 8000 can be deployed in metro core, regional and long-haul networks providing service providers with significant economic and efficiency benefits. "In today's marketplace, service providers need products that enhance their competitive advantage," said Desh Deshpande, chairman and co-founder of Sycamore Networks. "Global NAPs understands the need to be first to market with state-of-the-art technology and has chosen Sycamore to provide that time-to-market advantage." Privately held Global NAPs currently handles dial-up calls for Internet service providers such as Mindspring, MSN, Netcom, Prodigy, WebTV and Ziplink. It also serves Internet-bound calls for other local carriers such as GTE. In addition to its significant role in Massachusetts Internet access, Global NAPs also handles large volumes of Net traffic in New Hampshire, Rhode Island, the mid-Atlantic states and Florida. By leasing interstate fiber optics, Global NAPs plans to offer customers services in which all calls -- local and long distance -- will be billed at the same rate as local calls. About Sycamore Networks Sycamore Networks develops and markets intelligent optical networking products that transport voice and data traffic over wavelengths of light. The Company combines significant experience in data networking with expertise in optics to develop intelligent optical networking solutions for network service providers. Sycamore's products are based on a common software foundation, enabling concentration on the delivery of services and end-to-end optical networking. Sycamore's products and product plans include optical transport, access and switching systems and end-to-end optical network management solutions. Contact Sycamore Networks at www.sycamorenet.com. Except for the historical information contained herein, we wish to caution you that certain matters, including statements about the value of the agreement, discussed in this news release constitute forward-looking statements that involve risks and uncertainties. The Company's actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including those risks and uncertainties discussed under the heading `Risk Factors' contained in the Company's Registration Statement on Form S-1 (file no. 333-30630) filed by the Company in connection with its secondary public offering and which became effective March 13, 2000 and the other reports filed by the Company from time to time with the Securities and Exchange Commission. Forward-looking statements include statements regarding the Company's expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. The Company assumes no obligations to update the information included in this press release. CONTACT: Sycamore Networks Richard Williams, 978/250-2909 richard.williams@sycamorenet.com