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 Sycamore Networks (SCMR) acquires Sirocco Systems


   *  Amount:         $2.88 billion


   *  Terms:            100% stock

   *  Premium:        n/a


   *  Industry:        Speed/Bandwidth


   *  Scorecard:      A-


    NEW YORK, June 6--Sycamore Networks has agreed to buy closely held Sirocco Systems for about $2.88 billion in stock. Chelmsford, Mass.-based Sycamore Networks makes optical networking equipment, while Sirocco Systems, based in Wallingford, makes devices which allow the high-speed optical networks to connect with existing telecommunications equipment. Together the two companies will be able to serve both cities, which need high-capacity and high-speed communications, and suburban areas, where custome