Sycamore Networks Inc., once one of the state’s hottest young companies of the telecommunications boom, plans to sell off its remaining business and wind down operations. The Chelmsford company, founded in the late 1990s by high-profile entrepreneurs Dan Smith and Desh Deshpande, said it will sell its hardware business for $18.75 million and accelerate the “pursuit of strategic alternatives” for its software business.
Unlimited access to BostonGlobe.com for only 99 cents for the first 4 weeks.Sign up
Are you a home delivery subscriber?
Get FREE access as part of your print subscriptionStart Here
Contact us for help