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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Voltaire who wrote (3205)	9/22/2000 10:59:29 PM
From: Voltaire	Read Replies (1) \| Respond to of 65232

tom, thank you!!..did you read this??thought of you..SANTA CLARA, Calif., Sep 22, 2000 /PRNewswire via COMTEX/ -- Extreme Networks, Inc. (Nasdaq: EXTR), a leader in broadband networking solutions, was ranked number two in Deloitte & Touche's prestigious "Rising Star" category for its "Fast 50" Program for Silicon Valley, a listing of the 50 fastest growing technology companies in the area. Rankings are based on the percentage of growth in revenues from the last five years, 1995-1999. Founded in 1996, Extreme Networks' sales have grown from $300,000 in fiscal 1997 to $262 million for the most recent fiscal year ended June 30, 2000. Sales for the most recent quarter, ending June 30, were $92.4 million, a 37 percent increase from the quarter that ended March 31, 2000. "In an era where technology companies come and go like shooting stars, making the Deloitte & Touche 50 is a testament to a company's leadership and its ability to not only have the right, solution for that moment in time, but also the vision that allows growth over five years," said Paul Higo, partner - High Technology Services, for Deloitte & Touche, San Jose. "Extreme Networks has proven they have the right stuff and we at Deloitte & Touche salute its accomplishments." Extreme Networks was founded by three industry veterans, Gordon Stitt, CEO, Stephen Haddock, CTO and Herb Schneider, vice president of engineering. The trio had a vision for reducing the complexity associated with networking systems, and when they introduced their first product in 1997, began their successful strategy of offering a simplified approach to building networking systems based on Ethernet and IP that serves as the infrastructure facilitating today's Internet economy. Today, the Company's switching systems are sold in more than 50 countries for use in metro and regional networks, lit buildings, e-businesses, data centers and large enterprises. The Company has also been hailed as a technology leader, by receiving an unprecedented number of more than 40 awards, and being the only company to ever win the prestigious Networld+InterOp "Best of Show" Award back-to-back for four years. Extreme Networks was also named the "Fastest Growing Company in Silicon Valley" based on three-year revenue growth by The Silicon Valley Business Journal, in July 2000. "Being recognized as a 'Rising Star' company among so many emerging organizations is quite an honor," said Gordon Stitt, president and CEO of Extreme Networks. "Our tremendous growth validates the industry's wide acceptance of our 'Ethernet Everywhere' vision for next generation networks delivering broadband communications." About Extreme Networks Extreme Networks is a leading provider of high-performance, broadband networking solutions designed for the Internet economy. The Company's family of Summit, Alpine(TM) and BlackDiamond switching solutions are built on a unique combination of ExtremeWare(TM) management software and an ASIC-based common architecture that enable service providers, e-businesses and enterprises to expand their businesses and be more competitive by speeding traffic through a simplified, super scalable network infrastructure. Headquartered in Santa Clara, Calif., Extreme Networks sells its award-winning switching solutions in more than 50 countries through authorized resellers. For more information, visit www.extremenetworks.com.