Sycamore (SCMR +7.2%) jumps to $15.77 after its board declares a $10/share special dividend that...

|About: Sycamore Networks, Inc. (SCMR)|By:, SA News Editor

Sycamore (SCMR +7.2%) jumps to $15.77 after its board declares a $10/share special dividend that will be paid on Oct. 11 to shareholders on record as of Oct. 1. Many have been calling on the optical networking hardware/software vendor to part with a large chunk of its giant cash hoard. Sycamore also says it posted FQ4 (ended in July) revenue of $16.8M, above the $12.9M estimated by the sole analyst who covers it. (PR)