Extreme Networks, Inc. (EXTR) Message Board

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Technology Stocks : Extreme Networks, Inc. (EXTR)

EXTR 17.52

-0.7%

Nov 6 3:59 PM EST

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To: Sully- who wrote (522)	1/17/2001 6:00:25 PM
From: drsvelte	Read Replies (1) of 770

I don't have time to listen to the cc, but the tone of the conversation must be improving.... Extreme Networks (EXTR) 47 15/32 +4 9/32: -- Update -- Stock still off about 6 after hours in the 41-42 range, but conference call is fairly positive. Though revenues were a bit light, this is not that surprising given huge misses by Foundry (FDRY) and f5 (FFIV). EXTR has left FY01 and FY02 guidance intact for both revenue and margins. Also, company reduced inventory levels in Dec quarter after what some saw as a worrisome increase in prior quarter. EXTR acknowledges weakness in domestic IT spending, but still sees good demand for its products here and is experiencing strong growth in Europe and Asia. Overall, a good quarter considering the troubles in the industry.

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