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

To: Jack Hartmann who wrote (1615)	11/10/2000 3:38:44 PM
From: ratan lal	Respond to of 2249

I guess this was considered good news since SCMR has been positive most of the day even tho $COMP has been down as low as 145 points. Conversely SCMR may have dropped low enough before the announcemnt that it fell into an attractive buy range.

To: Jack Hartmann who wrote (1615)	11/15/2000 9:00:55 AM
From: Jack Hartmann	Respond to of 2249

Shaking the Tree: Street Pores Over Sycamore Networks Earnings By Dan Bernstein Editorial Assistant 11/14/00 6:06 PM ET Updated from 3:25 p.m. EST When it had its astonishing market debut last year, Sycamore Networks (SCMR:Nasdaq - news) showed the earmarks of a sapling with a lot of promise. Tuesday, the company posted earnings that beat Wall Street expectations, and indicated that it is catching up with the other trees in the optical-networking forest. The Sycamore File Operations Business: develops and markets intelligent optical networking products FY 2000 Revenue: $198.1 million FY 2000 Earnings Per Share: 10 cents 2001 Estimated Earnings Growth: 18 cents a share Stock Snapshot 52-Week Range: $47.25 - 199.50 Percentage Change from Jan. 1: -41.7% Market Cap: $15.9 billion P/E Multiple: 491 Shares Outstanding: 272.8 million Source: Baseline, Morningstar. The Chelmsford, Mass.-based maker of optical-networking hardware posted its fiscal year 2001 first-quarter earnings after the market closed Tuesday. But is the groundling still spreading its roots? Leading up to the report, Wall Street was paying close attention for three keys to the company's prospects: meeting revenue growth expectations, the outlook for 2001 and signs that it is nabbing new clients. The early exit polls were positive: Sycamore beat Wall Street's first-quarter expectations by a penny, and said it remains optimistic about its ability to generate revenue growth that meets or exceeds the overall current growth of the optical-networking market. The company reported first-quarter income, excluding the amortization of deferred stock compensation, payroll taxes on stock option exercises and acquisition costs, of $6 million, or 2 cents a share, a penny ahead of analysts' estimates, according to First Call/Thomson Financial. A year earlier, the company posted a loss of 2 pennies a share. Revenue for the first quarter ended Oct. 28 rose to $120.4 million from $19.5 million in the year-ago period. Revenue rose 33% from $90.4 million in the fourth quarter. Operations Sycamore's development of an optical network helped the company to eke its way into a corner of the marketplace, and it promises big things. While Sycamore began development late in the game, the company managed to bring its switch to market first. But Sycamore's client list is only 10 deep. The promise surrounding Sycamore and other optics companies is that networks are migrating to a system of optical-fiber transports and optical switches, using equipment like Sycamore's to transfer data as light waves rather than converting it to electronic packets. Yet, clouds of doubt are looming over the cost of building out this network. Fierce competition for customers adds additional doubt. Investors will be watching to see if Sycamore has landed new business, or else it may be perceived as falling behind competitors like Nortel (NT:NYSE - news) and Ciena (CIEN:Nasdaq - news). Sycamore has based its operations around the development of optical-network switches, devices that connect optical-network lines, route and reroute signals, and detect faults within the network. This is a major contribution to a data transfer network: Problems with the lines could delay transfer of data for long periods, a definite no-no in the days of Internet speed. With the ability to switch data routes in less than a second, as well as carry much higher volumes of data at greater speeds, Sycamore and its investors believe that optical networking is the way the world will get connected in the future. thestreet.com There are charts and more history in the link. Jack