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To: Robert Rose who wrote (123171)	4/7/2001 8:54:11 AM
From: H James Morris	Respond to of 164684

Yep, and not long ago the now 'optic king' was pumping this one. >In the wake of preannouncing a massive earnings shortfall yesterday, Sycamore Networks (SCMR:Nasdaq - news) felt the wrath of disappointed analysts this morning. The networking equipment manufacturer dropped a bomb after the market closed, warning that its current third-quarter EPS was likely to come in between a loss of 16 cents and 19 cents per share, while previous estimates expected a positive EPS of about the same magnitude. Whoops. Robertson Stephens analyst Paul Johnson cut his rating to long-term attractive from buy this morning, saying that " We feel that Sycamore's situation is more precarious than many of the company's Optics peers due to its high customer concentration amidst the seemingly capital constrained carrier and enterprise environment." He also lowered his estimates.