Sycamore Networks dips 0.7%, trailing 59.8% of stocks

Sycamore Networks, Inc. develops and markets bandwidth management solutions for fixed line and mobile network operators worldwide, and provides services associated with such products. The Company’s customers include domestic and international wireline and wireless network service providers, utility companies, multiple systems operators (MSOs) and government entities with private fiber networks (collectively referred to as service providers). Its portfolio of optical switches, multiservice access platforms, and networking software serve applications that extend across the network infrastructure, from multiservice access and regional backhaul to the optical core. The Company offers complete engineering, furnishing, installation and testing services, as well as customer support and maintenance from multiple locations worldwide. During the fiscal year ended July 31, 2008, two customers: Sprint Corporation and Nokia Siemens, accounted for 23% and 22%, of its revenue, respectively.

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