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Sycamore Networks, Inc. (SCMR)

- OTCPK - Current
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  • Oct. 23, 2012, 3:59 PM
    Sycamore (SCMR -1%) is selling its bandwidth management software business to P-E firm Marlin Equity Partners for $18.75M, and says it plans to liquidate the rest of the company, provided shareholders approve. A $2/share cash distribution has been announced - Sycamore recently made a $10/share distribution - and a buyer is sought for the company's IQstream mobile infrastructure optimization software.
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