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.

Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Mark Duper who wrote (57881)	12/7/1998 9:27:00 AM
From: Charger	Read Replies (1) \| Respond to of 61433

News out - Monday December 7, 7:45 am Eastern Time Company Press Release SOURCE: Sycamore Networks, Inc. Telecommunications Networking Pioneers Launch Sycamore Networks New Venture Targets High-Growth Carrier Public Network; Focus is on Intelligent Optical Networking; Management Team Includes Industry Pioneers Desh Deshpande and Dan Smith TEWKSBURY, Mass., Dec. 7 /PRNewswire/ -- Entering the dynamic public network market, Sycamore Networks, Inc. today was launched with an impressive management team and plans for product roll-out in the first half of 1999. Leading Sycamore Networks are Gururaj ''Desh'' Deshpande, founder and chairman, and Dan Smith, president and CEO. The company also announced closure of a $12 million second round of funding, bringing the total funding to $20 million. Dr. Deshpande and Mr. Smith were the former chairman and CEO respectively of Cascade Communications, a leader in carrier-class solutions for broadband data networking that grew to more than $500 million in annual sales with 900 employees. The company was subsequently acquired by Ascend Communications (Nasdaq: ASND - news). (this is only the first part of the article)