Sycamore Networks, Inc. (SCMR) Reports Loss in Third Fiscal Quarter
Sycamore Networks, Inc. reported a net loss of $3.7 million, or $0.13 per share, in the company’s third fiscal quarter of 2010. The company lost $2.7 million, or $0.10 per share, in the same quarter of fiscal 2009. Sycamore Networks, Inc. also saw a decline in sales in the third fiscal quarter. Sales were reported at $14.6 million, compared to $23 million in the third fiscal quarter of 2009. The management of Sycamore Networks, Inc. said that the higher loss was caused by order delays pushed out by its customers until the fourth fiscal quarter. “While some orders being delayed…