Sycamore Networks Down Despite Rating

Publish date:

Sycamore Networks


was down 5.3% in early afternoon.

Banc of America

started coverage with a buy and a target of 70, part of an initiation of several networking companies. Banc of America also started



with a buy and a $45 target and



with a buy and a $100 target. But Avici was down 15.2% and Redback was down 13.2% as telecommunications companies fell broadly.