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Sycamore Networks Inc

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BUSINESS
June 7, 2000 | Reuters
Optical network equipment company Sycamore Networks Inc., moving to expand its product line, said it will buy start-up Sirocco Systems Inc. for about $2.9 billion in stock. Privately held Sirocco makes devices that connect existing telecommunications switches and lines to high-speed optical switches such as those that Sycamore makes. In April, the company announced its first products, which are expected to be available in the fourth quarter. Sirocco, based in Wallingford, Conn.
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BUSINESS
June 7, 2000 | Reuters
Optical network equipment company Sycamore Networks Inc., moving to expand its product line, said it will buy start-up Sirocco Systems Inc. for about $2.9 billion in stock. Privately held Sirocco makes devices that connect existing telecommunications switches and lines to high-speed optical switches such as those that Sycamore makes. In April, the company announced its first products, which are expected to be available in the fourth quarter. Sirocco, based in Wallingford, Conn.
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BUSINESS
October 23, 1999 | From Bloomberg News
Sycamore Networks Inc. made a stunning debut Friday, soaring nearly fivefold from $38 to $184.75 in its initial public offering. The 2-year-old company, which makes equipment that lets fiber-optic networks carrying Internet traffic operate faster, closed with a market value of $14.42 billion--the largest ever achieved by an Internet-related company in its first day of trading, according to CommScan.
BUSINESS
October 23, 1999 | From Bloomberg News
Sycamore Networks Inc. made a stunning debut Friday, soaring nearly fivefold from $38 to $184.75 in its initial public offering. The 2-year-old company, which makes equipment that lets fiber-optic networks carrying Internet traffic operate faster, closed with a market value of $14.42 billion--the largest ever achieved by an Internet-related company in its first day of trading, according to CommScan.
BUSINESS
September 13, 2003 | From Bloomberg News
Cisco Systems Inc., the world's largest maker of computer-networking gear, won, with Ciena Corp., Juniper Networks Inc. and Sycamore Networks Inc., part of a $900-million Defense Department contract to build a high-speed data network, analysts said. The awards were reported in research notes from Lehman Bros., Merrill Lynch & Co. and Prudential Securities Inc. More than 250 companies vied for the project, known as GIG-BE, amid slumping demand in the industry.
BUSINESS
July 25, 2006 | From Bloomberg News
A former analyst of defunct brokerage Robertson Stephens must pay almost $2 million for omitting from research reports key facts about his own stock holdings, a judge ruled Monday. A federal jury in New York last year found that Paul Johnson deceived investors in 1999 and 2000 by issuing research reports that didn't disclose his stake in companies he was recommending. U.S. District Judge John Keenan ordered Johnson to pay $1.99 million, less than half the $4.
BUSINESS
November 13, 2001 | BEN KLAYMAN, REUTERS
Optical networking company Ciena Corp. said Monday that it expects fourth-quarter earnings to be in line with Wall Street's expectations despite the spending slowdown in the communications sector, sending its shares up nearly 10%. The stock rose even though Ciena also said it will cut 10% of its work force and expects to take a charge of about $1.7 billion in the fourth quarter to write down the value of certain assets.
BUSINESS
April 7, 2001 | PETER G. GOSSELIN, TIMES STAFF WRITER
Corporate layoff announcements finally took a toll on the U.S. economy last month, nudging the nation's unemployment rate up to 4.3% and slashing 86,000 jobs from U.S. payrolls, the largest job loss in almost a decade, the Labor Department said Friday. The drumbeat of layoff announcements in recent months has failed until now to show up in the nation's job numbers. But cutbacks, like this week's by Dupont Co., Inktomi Corp. and Sycamore Networks Inc.
BUSINESS
November 30, 1999 | JOSH FRIEDMAN
The selector: William K. Smith, founder of Greenwich, Conn.-based Renaissance Capital, which specializes in research on initial public stock offerings, and co-manager of the $15-million IPO Plus Aftermarket Fund (ticker: IPOSX), billed as the only mutual fund of its kind. * His record: Though it got off to a modest start, the fund, which is co-managed by Smith's Wharton School colleagues Kathleen Shelton Smith and Linda R. Killian, has hit full stride amid this year's IPO craze.
BUSINESS
February 17, 2004 | Thomas S. Mulligan, Times Staff Writer
The headline events in the Martha Stewart trial, entering its fourth week today, are being covered by media from around the world. Here's some of what's happening in the footnotes. Perfect pairing? Stewart is so renowned a perfectionist that satirists joke about her harvesting the flax for her linens and painting highlights on the leaves of her trees. Perhaps the trait rubs off. In testimony last week, Stewart's personal assistant, Ann E.
BUSINESS
January 10, 2003 | Walter Hamilton, Times Staff Writer
During the technology stock heyday of the late 1990s, no company was hotter than Robertson Stephens Inc., a San Francisco investment firm that helped dozens of Silicon Valley start-ups sell stock to investors. But just as the firm symbolized the headiness of the Internet age, it also pointed up some of the era's abuses, as regulatory actions against the now-defunct firm made clear Thursday. Federal regulators ordered Robertson's former parent, FleetBoston Financial Corp.
BUSINESS
October 16, 2000 | JAMES F. PELTZ
Stocks aren't fun now? Don't tell that to investors of Juniper Networks Inc. and some other fast-growing makers of Internet and data-network switching equipment and related hardware. The stocks of Juniper, Extreme Networks Inc. and Network Appliance Inc. are on fire, and they all surged again Friday.
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