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flemsnopes

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flemsnopes

Re: None

Saturday, 10/13/2012 5:50:57 AM

Saturday, October 13, 2012 5:50:57 AM

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Post special dividend opinion from S&P Capital IQ

S&P MAINTAINS BUY OPINION ON SHARES OF SYCAMORE NETWORKS
(S&P Capital IQ)
We are reducing our 12-month target price by $13.50 to $7.50, based on 1.4X book value and the payout of roughly $289M in a one-time cash dividend. We are narrowing our FY 13 (Jul.) loss per share estimate by $0.15 to $0.30. SCMR reported a Jul-Q loss per share of $0.03, vs. a loss of $0.09, $0.11 better than our estimate. Despite our concerns with a cautious service provider spending environment, we believe SCMR's IQStream optimization products will help drive growth. Given the low share price, we believe a recurring dividend would benefit shareholders.

I am only expressing my personal opinions or repeating public information from SEC filings or media outlets-which may or may not be correct. Do your own investigating before investing!

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