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Tim what is your take on this? Tks Sycamore Networks, Inc. Announces Special Cash Distribution of $1.81 Per Share
6:55a ET February 8, 2013 (Business Wire)
Sycamore Networks, Inc. (NASDAQ: SCMR), today announced that, on February 7, 2013, its Board of Directors approved a special cash distribution of $1.81 per share of its common stock. The special cash distribution will be paid on February 28, 2013 to stockholders of record as of February 18, 2013. Given the amount of the special cash distribution, the Company expects that the ex-dividend date for the special cash distribution will be March 1, 2013, the day after the payment date for the special cash distribution.

The Company's Board of Directors has not to date made a determination to proceed to file a certificate of dissolution. Further information regarding the liquidation and dissolution of the Company and the amount and timing of any additional distributions to stockholders will be provided in subsequent press releases or filings with the Securities and Exchange Commission as such information becomes available.

About Sycamore Networks, Inc.

Sycamore Networks, Inc. (NASDAQ: SCMR) is based in Chelmsford, Massachusetts. For more information, please visit www.scmrinc.com.

Safe Harbor for Forward-Looking Statements

We wish to caution you that certain matters discussed in this press release may constitute "forward-looking statements," as defined under the federal securities laws. Risks and uncertainties relating to the Company could cause actual events and results to differ materially from those stated or implied in such statements. Potential risks and uncertainties include, among others, the Company's Board of Directors may determine to abandon or delay the implementation of the plan of complete liquidation and dissolution of the Company; the Company's inability to predict the timing or amount of any additional cash distributions to stockholders; in the event that the Company proceeds with the plan of complete liquidation and dissolution, the Company's stockholders could be liable to the Company's creditors in the event that the Company fails to create an adequate contingency reserve to satisfy claims against it; and the Company's continuing costs associated with complying with public company reporting requirements. More information about potential factors that could affect the Company's dissolution and the amount of any future distributions is included in the section entitled "Risk Factors" in the Company's filings with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20130208005139r1&sid=cmtx4&distro=nx

SOURCE: Sycamore Networks, Inc.

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Sycamore Networks, Inc.
Alan Cormier, 978-250-2921
General Counsel and Secretary
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Sycamore Networks Shareholders Approve Dissolution of Company
2:02p ET February 1, 2013 (Dow Jones)
Sycamore Networks Shareholders Approve Dissolution of Company

By Ben Fox Rubin

Sycamore Networks Inc. (SCMR) moved ahead with plans to dissolve and liquidate the company, after it sold substantially all its intelligent bandwidth management business to private investment firm Marlin Equity Partners, ending the public life for one of tech's highest fliers 13 years ago.
The liquidation plans and sale, initially unveiled in October, was approved by shareholders during a special meeting Tuesday. Marlin on Thursday completed its purchase of the bandwidth business, which includes the company's optical networking and multiservice access products, as well as related services and rights to the "Sycamore" name, for a total of $18.75 million.
The moves come after Sycamore, whose products helped network operators manage their networks, had seen its stock surge and then plummet during the dot-com bubble. During that time, Sycamore's shares nearly hit $2,000 each, but the stock quickly lost nearly all its value by 2001 and is currently worth about $2.27.
The company will continue to use the name Sycamore Networks Inc. as its corporate name in connection with its liquidation and until that process is completed, it said. Its board hasn't yet set a date to file a certification of dissolution, and the company plans to provide more information on its plans and any distributions to shareholders in the future.
Sycamore, whose clients included service providers, government agencies and utility companies, has posted quarterly losses for the past two years.