Sycamore CFO departs

Optical vendor Sycamore, which is among several vendors to suffer through an internal review of stock options practices and a related an earnings restatement, had some good news to report in its fiscal fourth quarter earnings report today--revenue is up.

So much for the good news. The revenue increase was overshasowed by the announcement that CFO Richard Gaynor is leaving the company for another opportunity. Also, the increased revenue figure didn't meet the expectations of Wall Street analysts.

For More:
- Light Reading covers the earnings report and Gaynor's departure

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