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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	4/5/2001 4:39:04 PM
From: Softechie	of 37746

EXTR SCMR warned! Yes! Sycamore Ntwks (SCMR) 9 1/16 +1 11/32: Company issues a brutal warning for Q1; sees loss of $0.16-0.19 versus current EPS estimate is $0.05, and sees revenues of just $50-60 mln, a fraction of the $157 mln consensus; company also announces a restructuring and associated $140-150 mln charge to reduce costs. Conference call at 5 pm ET: 888-849-9216 (domestic) or 212-346-7451 (international); see press release. Extreme Networks (EXTR) 16.01 +3.28: Company warns for Q3; sees loss of $0.06-0.08 versus current consensus of $0.12; revenues seen at $110-115 mln versus $163 mln consensus; company also announces layoffs that will reduce cost structure by 10%; see press release.

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