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: im a survivor who wrote (708)	8/16/2002 9:22:26 PM
From: D. K. G.	Read Replies (1) of 770

12:06PM Extreme Networks (EXTR) 9.95 +0.66: This maker of network gear was once a high flyer during the Internet boom days and has come back to earth. However, unlike many names in the space it has been able to stay around the double digit mark. The stock is getting some interest today as Needham upgrades it to Strong Buy from Buy based on valuation and the belief that the company will participate in renewed growth later this year in the networking industry. Needham has a price target of $14... Extreme is worthy of credit for being able to avoid the low single digit dungeon of many in the networking space. Unlike many of its brethren, Extreme has always focused on the enterprise market rather than the carriers/service provider market. Unless you have been living on another planet, you know that the carriers have slashed capital spending plans. It has not been a walk in the park for the enterprise business either as IT budgets have been constrained. However, the cuts have not been as deep and there is broad consensus that the enterprise market will rebound much more quickly the carrier market. Also, Extreme has been executing well of late as it has now reported three consecutive quarters of sequential revenue growth. Its competitively priced product portfolio has helped the company become the leading alternative to Cisco for Ethernet switches. The key to Extreme's growth over the coming quarters and years will be its ability to compete in the new 10-gig Ethernet world. As customers shift to 10-gig, Extreme will need to be aggressive. Extreme is not the first out of the gate for 10-gig, but the race should last years. If it can be as successful as it has been in the previous generation of products, Extreme should be ok. Extreme is a profitable company and has a good balance sheet. As you can see in the chart, the stock has been able to build a base in the 9/10 area. We would not hold it much lower, but Extreme will be a survivor and there are signs its business is slowly improving. -- Robert J. Reid, Briefing.comhttp://biz.yahoo.com/mu/story.html

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