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

To: bob zagorin who wrote (2137)	12/16/2005 11:42:01 AM
From: Henry Gondorff	Respond to of 2249

possible signs of a turnaround here. network core will need upgrade to accommodate iptv, according to scmr. back on my watch list. thestreet.com Profit Pumps Up Sycamore By Scott Moritz Senior Writer 11/29/2005 9:19 AM EST URL: thestreet.com Sycamore (SCMR:Nasdaq) shares jumped Tuesday after the company blew past sales and profit goals in the fiscal first quarter ended Oct. 29. The Chelmsford, Mass., networking equipment shop posted net income of $6.9 million, or 2 cents a share, on sales of $27.3 million. That compares with a loss of $7.9 million or 3 cents a share, on revenue of $14.2 million in the year-ago period. Excluding the cost of stock compensation, Sycamore posted an adjusted profit of 3 cents a share in its fiscal first quarter. In the year-ago period, Sycamore had an adjusted loss of 3 cents a share. Analysts were expecting breakeven results on $17.6 million in sales for the quarter. The first quarter "was a strong quarter across the board as Sycamore delivered significant revenue growth on a quarter-over-quarter and year-over-year basis," CEO Dan Smith said in a press release Tuesday. The company says solid sales of optical switching gear to leading telcos were a big contributor to the strong financial performance. Sycamore shares rose 54 cents, or 14%, to $4.34 in premarket trading Tuesday.