Extreme Networks, Inc. (EXTR) Message Board

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Technology Stocks : Extreme Networks, Inc. (EXTR)

EXTR 19.02

+2.6%

Oct 31 9:30 AM EST

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To: Sully- who wrote (676)	1/7/2002 8:02:29 AM
From: John Carragher	Read Replies (1) of 770

Extreme Networks To Meet 2Q Rev, Earnings Goals SANTA CLARA, Calif. -- Extreme Networks Inc. (EXTR) expects revenue between $108 million to $110 million, and pro forma earnings of about 1 cent to 2 cents a share for its fiscal second quarter ended Dec. 31. The company said its pro forma earnings exclude the amortization of goodwill, purchased intangible assets and deferred stock compensation. A Thomson Financial/First Call survey of 25 analysts produced a mean earnings estimate of 1 cent a share, excluding goodwill amortization, and 15 analysts produced a mean revenue estimate of $110.2 million for the company's second quarter. Extreme Networks reported income, excluding amortization of goodwill and intangibles, of $12.6 million, or 11 cents a share, on revenue of $144.7 million for its year-ago second quarter. In a press release Monday, Extreme Networks said it is "optimistic that the worst of the industry downturn is now behind" it. The company, which plans to release second quarter results after the close of the market Jan. 16, makes multilayer network switches. Company Web site: extremenetworks.com -Jason Philyaw; Dow Jones Newswires; 201-938-5388

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