You can now read 10 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe


Ailing Sycamore says it will wind down operations

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 signed an agreement to sell its telecommunications hardware business for $18.75 million and accelerate its “pursuit of strategic alternatives” for the company’s software business.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week