Sycamore 3-for-1 Stock Split

CHELMSFORD, Mass., January 26, 2000 -- Sycamore Networks, Inc. (NASDAQ: SCMR), a leader in intelligent optical networking, announced today that the Company's Board of Directors has approved a three-for-one stock split of the Company's common stock. The stock split will be effected in the form of a stock dividend and stockholders of record at the close of business on February 4, 2000 will be entitled to two additional shares of common stock for each outstanding share of common stock held on that date. The additional shares are expected to be distributed by the Company's transfer agent on or about February 11, 2000 and the Company expects that its common stock will begin trading on a split-adjusted basis on February 14, 2000.

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