Farallon Capital Discloses Sycamore Networks Stake ~ market folly

Tuesday, January 14, 2014

Farallon Capital Discloses Sycamore Networks Stake

Andrew Spokes' hedge fund Farallon Capital has disclosed a new stake in Sycamore Networks (SCMR). 

Per a 13G filed with the SEC, the hedge fund now owns 9.5% of SCMR with 2.745 million shares.  The filing was made due to portfolio activity on December 31st.

Per Google Finance, Sycamore Networks is "develops and markets intelligent bandwidth management solutions for fixed line and mobile network operators worldwide and provides services associated with such products. The Company’s customers include domestic and international wireline and wireless network service providers, utility companies, enterprises, and government entities. Sycamore’s bandwidth management portfolio of optical switches, multiservice cross-connects and multiservice access platforms serve applications across the network infrastructure, from multiservice access and regional backhaul to the optical core. It also develops and markets a mobile broadband optimization solution for mobile operators to reduce congestion in mobile access networks. The Company’s products serve two market areas within the networking industry, bandwidth management and mobile broadband optimization."

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