Analysis

Sycamore looks at its options as losses continue

Optical networking equipment supplier Sycamore Networks is facing an increasingly uncertain future as it continues to lose money, and it is working with banker Morgan Stanley to look at "strategic and financial alternatives."

Staff Writer February 22, 2005

It cut its net loss in the second quarter to January 29 to $5.3m, down from $12.9m, on revenue 116.6% higher at $14.9m. However, CEO Daniel Smith warned that despite the improved results, the company remains cautious about the optical networking environment.

Sycamore revenue has slumped from $374.7m in 2001 to $44.5m, and despite the current upturn, a merger with one of its larger competitors appears to be inevitable.

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