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.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (63332)	5/1/2002 12:56:33 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Sycamore Networks Says 3rd-Qtr Sales Missed Forecasts (Update1) By Scott Lanman quote.bloomberg.com Chelmsford, Massachusetts, April 30 (Bloomberg) -- Sycamore Networks Inc. said fiscal third-quarter revenue fell more than analysts expected as customers bought fewer products from the maker of fiber-optic networking equipment. The Chelmsford, Massachusetts-based company said revenue in the period ended April 27 totaled $13 million to $14 million, according to a preliminary estimate, down from $54.2 million a year earlier. Analysts forecast sales of $17.1 million, the average in a Thomson Financial/First Call poll. Telephone companies are reducing orders for gear from companies such as Sycamore. Its sales have plunged in the past year as the finances of Williams Communications Group Inc., once its largest customer, deteriorated. Williams filed for bankruptcy protection last week.