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

To: Jack Hartmann who wrote (1639)	11/17/2000 8:44:33 AM
From: Jack Hartmann	Read Replies (1) \| Respond to of 2249

Some TA comments on SCMR After a 3-month decline from above 170 to below 60, Sycamore Networks (SCMR) could be finding support. The 3-month trend remains bearish with selling pressure still prevailing, but this stock deserves close attention over the next few weeks. The stock is trading below the trendline extending down from Aug-00. The series of lower lows and lower highs remains intact. The directional movement indicators still favor the bear. -DI remains above 30, indicating a strong downtrend in place. +DI has started to strengthen over the last few weeks (higher lows), but remains below -DI. Until there is a crossover, the downtrend remains dominant. Money flows have improved since late October. CMF (10) recently broke into positive territory and CMF (20) is trading above -10%. Recent price action indicates increased buying pressure over the last 3 weeks. Since the 26-Oct hammer (green arrow), the stock formed two inverted hammers (gray arrows) and gapped up the last two days. Since the high volume hammer, the stock advanced 8 of the last 14 days, 3 of which occurred with high volume. Short-term resistance resides around 70 and support at 54. The late October gap down remains the dominant short-term chart feature and would need to be cancelled out before considering a long position. A bullish reversal followed by confirmation would do the trick as would filling the gap. stockcharts.com link has the color graphs Jack

To: Jack Hartmann who wrote (1639)	11/17/2000 9:16:35 AM
From: D. K. G.	Read Replies (1) \| Respond to of 2249

Sycamore Spreads Its Roots lightreading.com On its first quarter 2001 conference call two days ago, Sycamore Networks Inc. (Nasdaq: SCMR) promised investors new customers (see Sycamore Raises Forecasts ). This morning it delivered the goods, by announcing a multiyear agreement worth up to $40 million with Vodafone Ltd.. The deal calls for Vodafone, a European mobile telecommunications company and one of the largest telecom companies in the world, to buy several pieces of Sycamore’s intelligent optical switching and transport products and services. These products include the SN 16000 intelligent optical core switch, SN 3000 optical access switch, SN 8000 intelligent optical transport platform, and SILVX optical network management system, for deployment within Vodafone’s U.K. network. Product deployment will begin in the first quarter of 2001. The SN 16000 and SN 3000 are two of Sycamore’s newest products. The SN 16000 is the core optical switch developed internally, while the SN 3000 is a metropolitan-area access switch that originally came from the Sirocco acquisition. Both products combine the BroadLeaf Network Operating System signaling and routing software with hard optic technologies. The deal comes at a critical time for Sycamore. A year after going public, its market capitalization has skyrocketed to $18.6 billion, and revenues are up over 500 percent from last year. It has announced other customer wins, such as its deal with a division of BellSouth Corp. (NYSE: BLS), but most of its revenue is still coming from one customer, Williams Communications Group (NYSE: WCG) (see Sycamore Rings Up BellSouth ). As Sycamore hits the next plateau in development, a broader customer base is needed to justify the high valuation, say analysts. “We said when we went public that we were going to announce one to two customers a quarter,” says Rick Thompson, director of product marketing for Sycamore. “And we have, which shows that we have been able to execute on our plan.” Sycamore also announced the 2.0 version of its BroadLeaf management software today. The new software will extend the management reach from the core product out to the access network, says Thompson, and will also be shipped with Vodafone’s deployment. Sycamore was trading down nearly $2 today, at $67, 2 percent off yesterday's price. -- Marguerite Reardon, senior editor, Light Reading, lightreading.com