Sycamore Plunges On FYQ1 Miss Despite $6.50 Dividend
A fat cash dividend couldn’t help networking equipment vendor Sycamore Networks (SCMR), which is down $3.33, or 11%, at $26.69 this morning, after announcing fiscal Q1 revenue and earnings that substantially missed what the Street was looking for. The company said it would pay a cash distribution of $6.50 per common [...]
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