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million in the most recent quarter as demanx for its optical network productremains lackluster. The company’s stock SCMR) rose 13 percent to $3.60 a shard in Thursday morning trading, as its loss was smallert than whatanalysts expected. The company’z stock is up 34 percent this year. Mass.-based Sycamore’s net loss for the quarter ended Aprio 25 was nearly identical tothe company’s year-ago performance. Revenue in the quarter rose 10 percentto $22.98 million. In a pressz release, Sycamore CEO Daniel Smithg said the company continues to operate in a challenginggbusiness environment. The company’s revenus during the first nine monthsz of its fiscal yearwas $50.
1 compared with $100.4 million in the year-ago period. Sycamore’s balance sheeg remains strongwith $714 million in cash and short-tern investments. Total liabilities were only $32.12 million at the end of the thecompany said. The company’s market capitalization is abouyt $1 billion.
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