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Technology Stocks : Extreme Networks, Inc. (EXTR)
EXTR 17.47-1.0%12:18 PM EST

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To: Thotdoc who wrote (590)6/28/2001 7:43:27 AM
From: Oak Tree  Read Replies (1) of 770
 
EXTR has a market cap of 3 bil, net revenues of very little by comparison, a EPS of -0.53 and a P/E of negative 50. There is little reason to think the P/E will get positive soon. People talk like there are new companies and old ones. The old ones are said to trade like commodities, the new ones for some magic reason don't have to obey rules since they have a dream. In the end they all have to obey the rules, in the begining magic can happen. The magic, I think is over for EXTR, they have a competitive technology of the moment. I don't know if it is the best or that some new technology will not supercede it before it becomes profitable.
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