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paolo.franzoi
paolo.franzoi
12/5/2012 | 5:18:43 PM
re: Sycamore Prepares to Shut Down


Craig,


 


They should have spent it or given it back a LONG time ago.  I would say the employees (especially management) have done very well at the expense of shareholders.


seven


 

Pete Baldwin
Pete Baldwin
12/5/2012 | 5:18:43 PM
re: Sycamore Prepares to Shut Down


Should they have made this move years ago?

gtchavan
gtchavan
12/5/2012 | 5:18:43 PM
re: Sycamore Prepares to Shut Down


Very smart move.  At least they have some cash to distribute to the share holders.  With SDN it can only get worse.

gtchavan
gtchavan
12/5/2012 | 5:18:42 PM
re: Sycamore Prepares to Shut Down


Telco's better start writing a claim to assets in their contracts if the supplier folds and fails to cover the warrantee and future software upgrade from now on, because more of their suppliers are going to bite the dust especially when SDN kicks in.

paolo.franzoi
paolo.franzoi
12/5/2012 | 5:18:41 PM
re: Sycamore Prepares to Shut Down


chuckj,


You might be right in general, but Sycamore is a specific case of wasting money and time.


- Went public in the Optical bubble and got a boat load of cash


- Bubble popped, CLECs died and few people bought Sycamore products


- None of the money was spent to make it a real business - nothing was bought, little was designed, it just sat there for almost 10 years


- Now they have distributed a bunch of the money and will end out handing out the rest after getting almost nothing for the actual business.


The actual telecom equipment companies are trying to make new things - whether that is a good idea or not.  Time will tell on that.  I think SDN is going to take a lot longer and have a much smaller impact than you do, but again that is a different debate.


Sycamore is a model of criminal corporate governance.


seven


 

BigBro
BigBro
12/5/2012 | 5:18:24 PM
re: Sycamore Prepares to Shut Down


Am I reading this right: the stock is trading at $5.71, and they've got about twice that in cash, and zero debt, on the books, and not really burning a lot?


Isn't this a no-brainer "buy the stock to get your cut of the cash"? What am I missing?



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