CAtech,
As I stated earlier, their corrections are ambiguous at best. They are worded similarly to the previous corrections & there is no mention that the repeated erroneous reporting by several news sources might have exasperated the sell off.....
Here are the corrections..... made after numerous inaccurate reports & inaccurate corrections that said shares were taking a beating because EXTR missed by 2¢....
>>Thursday October 19, 10:00 am Eastern Time
CORRECTED - U.S. stocks seen sharply at open after good corporate results
In NEW YORK story headlined: ``U.S. stocks seen sharply at open after good corporate results'' read in paragraph 21 ... Extreme Networks Inc. (NasdaqNM:EXTR - news) shares were mauled after-hours, falling about 10 percent to $96-1/4, despite the computer networking equipment maker reporting first-quarter earnings that exceeded Wall Street estimates ... instead of ... Another laggard was Extreme Networks Inc. (NasdaqNM:EXTR - news), whose shares were mauled in after-hours trade, falling about 10 percent to $96-1/4, after the computer networking equipment maker reported first-quarter net earnings that misses expectations. (corrects to make clear that Extreme Networks reported earnings that exceeded Wall Street estimates, not missed estimates).<<............
biz.yahoo.com
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>>Thursday October 19, 10:19 am Eastern Time
CORRECTED - U.S. stocks seen up sharply at open
In NEW YORK story headlined: ``U.S. stocks seen sharply at opens'' read in paragraph 21 ... Extreme Networks Inc. (NasdaqNM:EXTR - news) shares were mauled after-hours, falling about 10 percent to $96-1/4, despite the computer networking equipment maker reporting first-quarter earnings that exceeded Wall Street estimates ... instead of ... Another laggard was Extreme Networks Inc. (NasdaqNM:EXTR - news), whose shares were mauled in after-hours trade, falling about 10 percent to $96-1/4, after the computer networking equipment maker reported first-quarter net earnings that misses expectations. (corrects to make clear that Extreme Networks reported earnings that exceeded Wall Street estimates, not missed estimates).<<...........
biz.yahoo.com
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