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To: Johnny Canuck who wrote (40546)	12/31/2003 10:24:43 AM
From: Logain Ablar	Read Replies (2) \| Respond to of 69181

Happy New Year Harry & Thread

To: Johnny Canuck who wrote (40546)	12/31/2003 1:58:11 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69181

Sycamore Shares Rise After Firm Gets Contract Wednesday December 31, 1:49 pm ET By Amy Braunschweiger NEW YORK -- Shares of Sycamore Networks Inc. (NasdaqNM:SCMR - News) rose Wednesday after the Chelmsford, Mass., company received part of a government contract that is expected to strengthen communications between 100 Department of Defense locations. ADVERTISEMENT The project, known as the Global Information Grid -- Bandwidth Expansion, is expected to purchase an estimated $260 million of equipment over the next two years, according to the Defense Information Systems Agency. The government will use Sycamore's SN 1600 optical switches, with Sprint acting as the reseller, wrote Citigroup Smith Barney analyst Alex Henderson in a note Wednesday. "We value this portion of the network at nearly $50 million over two years," he added. The analyst wasn't available to detail how much of the $50 million Sycamore would receive. A Sycamore representative also wasn't immediately available for comment. At around 1:30 p.m. EST, shares of Sycamore were up 70 cents, or 15% to $5.35, on the Nasdaq Stock Market (News - Websites) . Investors may be betting that the Defense Department contract will boost Sycamore's earnings. For the company's fiscal year ended July 31, Sycamore posted a loss of 21 cents a share on revenue of $38.3 million. Excluding items, the company posted a loss of 20 cents a share. Along with Sycamore, the project involves telecommunication companies Ciena Corp. (NasdaqNM:CIEN - News) , Qwest Communications International Inc. (NYSE:Q - News) , Sprint Fon Group and Juniper Networks Inc. (NasdaqNM:JNPR - News) . Ciena received the optical transport deal, which Citigroup Smith Barney's Henderson values at $100 million over two years. Jupiter received the router deal, valued by the analyst at more than $60 million. The program will also use Cisco Systems Inc. (NasdaqNM:CSCO - News)'s ONS 15454 MSPP platform, with Qwest acting as reseller, Mr. Henderson added. He put a price tag of $40 million over two years on the contract. Juniper should begin to recognize revenue from the project in the first quarter of 2004, Mr. Henderson said. The government received more than 55 proposals related to the project. Smith Barney seeks to do investment banking with the telecommunications firms. -Amy Braunschweiger, Dow Jones Newswires; 201-938-2205