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

To: stock talk who wrote (1936)3/5/2001 10:40:53 AM
From: FJB  Respond to of 2249
 
Williams Communications to Increase Bank Credit Facility to $2 Billion
TULSA, Okla., March 5 /PRNewswire/ -- Williams Communications (NYSE: WCG - news), a leading provider of broadband services for bandwidth-centric customers, today announced that Citicorp USA, Inc. and Lehman Commercial Paper Inc. have committed to fully underwrite a $950 million add-on to the company's existing senior credit facilities, bringing the total size of the company's senior credit facilities to $2 billion.

biz.yahoo.com



To: stock talk who wrote (1936)3/5/2001 2:18:00 PM
From: ratan lal  Read Replies (1) | Respond to of 2249
 
The good news: Everyone agrees Sycamore's talent is first-rate and its
products attractive. It helps that the company has nearly $1 billion in cash
and marketable securities to see it through tougher times.

SCMR togather with several other companies have seen their stock drop more than 70% from march of 2000. SCMR has gone down more than 92% from 200 to 16 now. Is customer financing the only reason or is there some deep rooted problem?


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