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Sycamore Networks, Inc. Files Certificate of Dissolution



  Sycamore Networks, Inc. Files Certificate of Dissolution

                          Suspends Trading on NASDAQ

Business Wire

CHELMSFORD, Mass. -- March 8, 2013

Sycamore Networks, Inc. (NASDAQ: SCMR) (the “Company”) announced today that it
has filed a certificate of dissolution with the Secretary of State of the
State of Delaware (the “Certificate of Dissolution”), as contemplated by the
Plan of Complete Liquidation and Dissolution previously approved by the
Company’s Board of Directors and stockholders. The Certificate of Dissolution,
which became effective at 5:00 p.m. Eastern Time on March 7, 2013, provides
for the dissolution of the Company under Delaware’s General Corporation Law.

In connection with the filing of the Certificate of Dissolution, effective as
of 5:00 p.m. Eastern Time on March 7, 2013, the Company closed its stock
transfer books and discontinued recording transfers of its common stock,
$0.001 par value per share (the “Common Stock”). The Common Stock, and stock
certificates evidencing the shares of Common Stock, are no longer assignable
or transferable on the Company’s books, other than transfers by will,
intestate succession or operation of law.

On March 4, 2013, the Company submitted a request to The NASDAQ Stock Market
(“NASDAQ”) to (1) suspend trading of the Common Stock on The NASDAQ Global
Select Market effective as of the close of trading on March 7, 2013 and (2)
suspend the effectiveness of the Company’s NASDAQ trading symbol effective as
of the close of trading on March 7, 2013. The Company also notified NASDAQ of
its intention to file a Form 25 with the Securities and Exchange Commission on
or about March 15, 2013 to withdraw the registration of the Common Stock under
Section 12(b) of the Securities Exchange Act of 1934, as amended, and
requested that NASDAQ take the actions necessary to terminate the Company’s
NASDAQ listing effective prior to the opening of trading on March 25, 2013.

Upon suspension of trading of the Common Stock on The NASDAQ Global Select
Market, shares of Common Stock held in street name with brokers may be traded
in the over-the-counter market on an electronic bulletin board established for
unlisted securities such as the OTC Bulletin Board or the Pink Sheets. Such
trading may reduce the market liquidity of the Common Stock and, as a result,
investors may find it more difficult to dispose of, or obtain accurate
quotations for the price of, the Common Stock, if they are able to trade the
Common Stock at all.

About Sycamore Networks, Inc.

Sycamore Networks, Inc. (NASDAQ: SCMR) is based in Chelmsford, Massachusetts.
For more information, please visit www.scmrinc.com.

Safe Harbor for Forward-Looking Statements

We wish to caution you that certain matters discussed in this press release
may constitute “forward-looking statements,” as defined under the federal
securities laws. Risks and uncertainties relating to the Company could cause
actual events and results to differ materially from those stated or implied in
such statements. Potential risks and uncertainties include, among others, the
Company’s inability to predict the timing or amount of any additional cash
distributions to stockholders; the possibility that liabilities of the Company
could be greater than anticipated; potential liabilities of the Company’s
stockholders to the Company’s creditors in the event that the Company fails to
create an adequate contingency reserve to satisfy claims against it; the
limited ability of the Company’s stockholders to trade their shares following
the close of the Company’s stock transfer books; and the Company’s continuing
costs associated with complying with public company reporting requirements.
More information about potential factors that could affect the Company’s
dissolution and the amount of any future distributions is included in the
section entitled “Risk Factors” in the Company’s filings with the Securities
and Exchange Commission. The Company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a result of new
information, future results or otherwise.

Contact:

Sycamore Networks, Inc.
Alan Cormier, 978-250-2921
General Counsel and Secretary
alan.cormier@sycamorenet.com
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