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| Sycamore Networks, Inc. |
| 10 Elizabeth Drive, Chelmsford, MA 01824 * (978) 250-2900 |
| Business Description | The company develops and markets software-based optical networking products that enable network service providers to quickly and cost effectively provide bandwidth and create new high speed data services. |
| Offering Information Company has | |||
| Trading As | SCMR (NASNTL) | Industry | High-Tech (SIC 3577) |
| Type of Stock Offered | Common Shares | Filing Date | 08/06/1999 |
| Domestic Shares Offered | 7,475,000 | Offer Date | 10/21/1999 |
| Foreign Shares Offered | 0 | Filing Range | $35.00 - $37.00 |
| Company Shares | 7,475,000 | Offer Price | $38.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $2.660 |
| Gross Proceeds | $284,050,000 | Selling | $1.730 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 77,056,300 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Morgan Stanley Dean Witter | Lead Manager | (212) 761-5900 |
| Dain Rauscher Wessels | Co-manager | (612) 371-2818 |
| J.P. Morgan & Co. | Co-manager | (212) 648-0517 |
| Lehman Brothers Incorporated | Co-manager | (212) 526-8100 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 9 Months Ending | ||||||
| Figures in U.S. millions except per share data | 07/31/1998 | 05/01/1999 | |||||
| Revenues | - | - | - | - | 0.000 | - | 0.000 |
| Income from Oper. | - | - | - | - | -0.793 | - | -10.591 |
| Net Income | - | - | - | - | -0.693 | - | -10.103 |
| E.P.S | - | - | - | - | -0.110 | - | -1.080 |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -0.60 | - | -9.99 | ||||
| Cash Flow - Inv. | -3.71 | - | -3.25 | ||||
| Cash Flow - Fin. | 5.51 | - | 35.45 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 05/01/1999 | Financial Ratios | ||||
| Total Assets | 37.50 | Current Assets | 32.90 | Current Ratio | 5.33 |
| Total Liab. | 47.62 | Current Liab. | 6.18 | Debt Ratio | 126.97% |
| Total Equity | -10.11 | Working Cap. | 26.73 | Debt to Equity Ratio | - |
| Cash | 26.34 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes, including working capital and capital expenditures, and the repayment of certain indebtedness. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Hale and Dorr |
| Bank's Law Firm | Testa, Hurwitz & Thibeault |
| Auditor | Pricewaterhouse Coopers LLC |
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