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million in the most recenft quarter as demand for its optica l network productsremains lackluster. The company’s stocok (Nasdaq: SCMR) rose 13 percent to $3.6 0 a share in Thursday mornin trading, as its loss was smaller than whatanalystes expected. The company’s stock is up 34 percen t this year. Chelmsford, Mass.-basec Sycamore’s net loss for the quarter endes April 25 was nearly identical tothe company’s year-agi performance. Revenue in the quarter rose 10 percentto $22.9u million. In a press Sycamore CEO Daniel Smitj said the company continues to operate in a challengintgbusiness environment.
The company’s revenue during the first nine monthw of its fiscal yearwas $50.1 compared with $100.4 million in the year-ago period. Sycamore’w balance sheet remains strongwith $714 million in cash and short-termk investments. Total liabilities were only $32.21 million at the end of the quarter, the company The company’s market capitalizationh is about $1 billion.
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