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Technology Stocks : Extreme Networks, Inc. (EXTR)
EXTR 17.52-0.7%3:59 PM EST
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To: 2MAR$ who wrote (571)4/5/2001 7:47:28 PM
From: A.L. Reagan  Read Replies (1) of 770
 
Well they finally pre-announced, had the Confession, er Conference Call, and after the dust settles, AH price still higher than Wednesday's close. From Briefing:

Extreme Networks (EXTR) 16.01 +3.28: -- Update -- On conference call, company notes the following: book-to-bill was greater than 1 for the quarter; pricing environment did not see any major shifts; gross margins roughly 48% from 51.8% last qtr due primarily to reduced volume; in dollar terms international business was flat to down with almost all of the decline coming North America; most delayed shipments were delayed until next qtr; expects return to profitability this calendar year. Stock holding steady at 13.70 after hours as news is not as bad as had been feared given the revenue shortfall.

Extreme Networks (EXTR) 16.01 +3.28: -- Update -- On conference call to discuss warning, Extreme cites weakness in North America which delayed purchasing decisions at major customers. International sales rose to 61% of total from 50% in the Dec qtr. Company's sales force says that customers still dedicated to network plans, but have delayed spending. Stock down to 13.70 after hours.

I did sell some today while it was running, however.
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