Extreme Networks, Inc. (EXTR) Message Board

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Technology Stocks : Extreme Networks, Inc. (EXTR)

EXTR 17.66

-3.4%

Nov 13 3:59 PM EST

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To: RR who wrote (322)	10/10/2000 3:15:08 AM
From: Bruce Brown	Read Replies (2) of 770

Yeah, they will absolutely stun everyone with their earnings. Price will soar and a split needed yet again very soon. Of course, an analyst's report is an analyst's report. However, B. Alex Henderson from SSB came out several weeks ago and said that both Extreme and Juniper would 'squarsh' (yes - squarsh) their quarters. Why is that significant? Or better yet, why are the predictions from Henderson significant? If you study Henderson's track record, it's a pretty picture. Of most recent fame, he was the analyst covering Polaroid when he worked at Prudential in 1998 that nailed them. Polaroid had said they expected their June quarter in 1998 to come in at .55 to .60 cents a share in earnings. Henderson said the company had forgotten to consider .51 cents in charges due to inventory problems. He cut his estimates to single digits and within 24 hours, most analysts took his view. A month later, Polaroid reported .03 cents a share. I hope Henderson is as right at SSB now that he's covering IP/Broadband as he was when he was covering photography over at Prudential. Not every analyst is worth following, but if Henderson's call is correct it might be a sign to consider his words in the future. If he's off the mark, well we know what to do the next time he mentions 'squarsh'..... BB

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