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

To: bob zagorin who wrote (2139)	3/2/2006 4:21:11 PM
From: bob zagorin	Respond to of 2249

and since no one's been posting here since dec.., here's an abbreviated version of Q report... Sycamore Networks, Inc. Reports Second Quarter Fiscal Year 2006 Financial Results Tuesday February 21, 8:00 am ET CHELMSFORD, Mass.--(BUSINESS WIRE)--Feb. 21, 2006--Sycamore Networks, Inc. (NASDAQ: SCMR - News), a leader in optical networking, today reported its second quarter results for the period ended January 28, 2006. ADVERTISEMENT click here Revenue for the second quarter of fiscal 2006 was $20.8 million, compared with $14.9 million for the second quarter of fiscal 2005. Net income for the second quarter of fiscal 2006, on a generally accepted accounting principles (GAAP) basis, was $5.0 million, or $0.02 per fully diluted share, compared with a net loss of $5.4 million, or $(0.02) per fully diluted share for the second quarter of fiscal 2005. Non-GAAP net income for the second quarter of fiscal 2006, which excludes stock-based compensation expense and a litigation settlement, was $7.1 million, or $0.03 per fully diluted share, compared with a non-GAAP net loss of $5.0 million, or $(0.02) per fully diluted share for the second quarter of fiscal 2005. The reconciliation between net income (loss) on a GAAP basis and net income (loss) on a non-GAAP basis is provided in a table immediately following the Unaudited Consolidated Statements of Operations included with this release. Revenue for the first six months of fiscal 2006 was $48.1 million, compared with $29.1 million for the first six months of fiscal 2005. Net income for the first six months of fiscal 2006, on a GAAP basis, was $11.9 million or $0.04 per fully diluted share, compared with a net loss of $13.2 million, or $(0.05) per fully diluted share for the first six months of fiscal 2005. Non-GAAP net income for the first six months of fiscal 2006, which excludes stock-based compensation expense and a litigation settlement, was $15.4 million, or $0.05 per fully diluted share, compared with a non-GAAP net loss of $12.2 million, or $(0.04) per fully diluted share for the first six months of fiscal 2005. The reconciliation between net income (loss) on a GAAP basis and net income (loss) on a non-GAAP basis is provided in a table immediately following the Unaudited Consolidated Statements of Operations included with this release. "Q2 was another solid quarter for Sycamore. We continue to maintain strong margins, carefully manage our expenses, improve our operating performance and generate cash from operations," said Daniel E. Smith, president and chief executive officer. "As IP-based voice, video and data applications drive increased demand for reliable and agile bandwidth in backbone networks, our data-optimized optical switching solutions continue to deliver unique value to our customers." About Sycamore Networks Sycamore Networks, Inc. (NASDAQ: SCMR - News) is a leading provider of intelligent optical switching products for telecommunications service providers worldwide. The Company's products form the reliable foundation for some of the world's most respected and innovative communications networks. Sycamore's fully integrated edge-to-core optical switching solutions enable network operators to efficiently and cost-effectively provision and manage optical network capacity to support a wide range of voice, video and data services. For more information, please visit www.sycamorenet.com.