Light Reading

Sycamore Being Sycamore

Light Ranting
Light Ranting
Light Ranting
8/2/2005
50%
50%

10:00 AM -- BOSTON -- This just in: Still nothing happening at Sycamore Networks Inc. (Nasdaq: SCMR). (See Sycamore: The Great Nothing.)

Last night the company reported that the results of an SEC investigation into options treatments came back with little result, and that the "company expects that the outcome of the investigation will not result in any material adjustment being required to be made to the Company's historical revenues, non-stock option related expenses or cash positions." This comes after Sycamore was recently delisted from Nasdaq, pending the results of the investigation (see Sycamore Sorta Reports Q3 and Sycamore Gets Delisting Notice).

Also, according to preliminary results, Sycamore is doing pretty much what it's been doing all along: Puttering along and preserving its cash. According to preliminary results for the fiscal quarter ended April 30, 2005, Sycamore says revenues will be around $17.8 million, compared to $14.7 million in the comparable period last year. Its estimated cash, cash equivalents, and investments stood at $948.9 million, essentially unchanged from the prior quarter.

Being here in Boston, I've kind of noticed some similarities betweeen Sycamore and quirky Boston Red Sox star Manny Ramirez. There's a saying, "Manny is just being Manny." Well, Sycamore is always just being Sycamore.

Manny is famous for being involved in trade rumors that never happen. Sycamore is famous as well for trade rumors that never happen (see Supercomm Snippets, Will Sycamore Call It a Day?, Sycamore Signs Sprint, Seeks Help, and Supercomm Snippets). Manny is enigmatic. Sycamore is enigmatic. Manny drew a huge, bloated long-term contract. Sycamore drew a huge, bloated IPO. Manny's body-language telegraphs aloofness. Sycamore's earnings statements signal aloofness. Nobody knows if or when Manny will be traded. Nobody's really sure whether or not Sycamore can, or will be, traded.

Of course, there's one big difference: Manny is regularly smashing the ball out of the park.

— R. Scott Raynovich, US Editor, Light Reading

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View
More Blogs from Light Ranting
Our top ten stocks are up a little better than 7%
The FCC: achieving new levels of irrelevance
Can you pick the combo that beats Google?
The Top 10 Awards we didn't hand out last week
Content, the Internet, and intolerable people
Flash Poll
LRTV Custom TV
A New Security Paradigm in SDN/NFV

7|28|14   |   02:54   |   (0) comments


Paul Shaneck, Global Director Network Solutions for Symantec, discusses the evolving virtualized network, explaining how Symantec is leading the security discussion as it relates to SDN and NFV, and helping to ensure the network is protected and compliant.
LRTV Documentaries
Sprint's Network Evolution

7|24|14   |   14:59   |   (0) comments


Sprint's Jay Bluhm gives a keynote speech at the Big Telecom Event (BTE) about Sprint's network and services evolution strategy, including Spark.
LRTV Documentaries
BTE Keynote: The Software-Defined Operator

7|24|14   |   18:43   |   (1) comment


Deutsche Telekom's Axel Clauberg explains the concept of the software-defined operator to the Big Telecom Event (BTE) crowd.
Light Reedy
Numbers Are In: LR's 2014 Salary Survey

7|24|14   |   1:25   |   (7) comments


Our fourth annual Salary Survey paints a picture of who's hiring, firing, earning, and yearning for a change in the telecom industry.
LRTV Custom TV
Driving the Network Transformation

7|23|14   |   4:29   |   (0) comments


Intel's Sandra Rivera discusses network transformation and how Intel technologies, programs, and standards body efforts have helped the industry migration to SDN and NFV.
LRTV Custom TV
Distributed NFV-Based Business Services by RAD

7|18|14   |   5:38   |   (0) comments


With the ETSI-approved Distributed NFV PoC running in the background, RAD's CEO, Dror Bin, talks about why D-NFV makes compelling sense for service providers, and about the dollars and cents RAD is putting behind D-NFV.
LRTV Custom TV
MRV – Accelerating Packet Optical Convergence

7|15|14   |   6:06   |   (0) comments


Giving you network insight to make your network smarter.
LRTV Custom TV
NFV-Enabled Ethernet for Generating New Revenues

7|15|14   |   5:49   |   (0) comments


Cyan's Planet Orchestrate allows service providers and their end-customers to activate software-based capabilities such as firewalls and encryption on top of existing Ethernet services in just minutes.
LRTV Custom TV
Symkloud NVF-Ready Video Transcoding, Big Data

7|9|14   |   3:41   |   (0) comments


Kontron and ISV partner Vantrix demonstrate high-performance video transcoding and data analytic solutions on same 2U standard platform that is ready for SDN and NFV deployments made by mobile, cable and cloud operators.
LRTV Huawei Video Resource Center
The Evolving Role of Hybrid Video for Competitive Success

7|4|14   |   4:09   |   (0) comments


At Huawei's Global Analysts Summit in Shenzhen, China, Steven C. Hawley from TV Strategies speaks to us about the evolving role of hybrid video for competitive success.
LRTV Huawei Video Resource Center
How CSPs Leverage Big Data in the Digital Economy

7|4|14   |   4:48   |   (2) comments


Justin van der Lande from Analysys Mason shares with us his views on how telecom operators can leverage customer asset monetization with big data. His discusses the current status of big data applications and the challenges and opportunities for telecom operators in the digital economy era.
LRTV Huawei Video Resource Center
Accelerator for Digital Business – Future Oriented BSS

7|4|14   |   3:08   |   (0) comments


Mobile and internet are becoming intertwined; IT and CT are integrating; and leading CSPs have begun to transform to information service and entertainment providers. How should the BSS system evolve to enable this transformation? Karl Whitelock, an analyst at Frost & Sullivan, shares his views.
Upcoming Live Events!!
September 16, 2014, Santa Clara, CA
September 16, 2014, Santa Clara, CA
October 29, 2014, New York City
November 6, 2014, Santa Clara
November 11, 2014, Atlanta, GA
December 9-10, 2014, Reykjavik, Iceland
Infographics
Packet Design asks network professionals how they handle the cloud, SDN, and network management.
Today's Cartoon
Vacation Special Caption Competition Click Here
Latest Comment
Hot Topics
The Municipal Menace?
Jason Meyers, Senior Editor, Utility Communications/IoT, 7/22/2014
Cisco Puts a Fog Over IoT
Sarah Reedy, Senior Editor, 7/23/2014
Apple Earnings: Strong iPhone Sales, iPad Sales Slump, $7.8B Profit
Mitch Wagner, West Coast Bureau Chief, Light Reading, 7/22/2014
Salary Survey Report 2014
Sarah Reedy, Senior Editor, 7/23/2014
Like Us on Facebook
Twitter Feed