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Technology Stocks : Extreme Networks, Inc. (EXTR) -- Ignore unavailable to you. Want to Upgrade?

To: RR who wrote (322)	10/10/2000 3:15:08 AM
From: Bruce Brown	Read Replies (2) \| Respond to of 770

Yeah, they will absolutely stun everyone with their earnings. Price will soar and a split needed yet again very soon. Of course, an analyst's report is an analyst's report. However, B. Alex Henderson from SSB came out several weeks ago and said that both Extreme and Juniper would 'squarsh' (yes - squarsh) their quarters. Why is that significant? Or better yet, why are the predictions from Henderson significant? If you study Henderson's track record, it's a pretty picture. Of most recent fame, he was the analyst covering Polaroid when he worked at Prudential in 1998 that nailed them. Polaroid had said they expected their June quarter in 1998 to come in at .55 to .60 cents a share in earnings. Henderson said the company had forgotten to consider .51 cents in charges due to inventory problems. He cut his estimates to single digits and within 24 hours, most analysts took his view. A month later, Polaroid reported .03 cents a share. I hope Henderson is as right at SSB now that he's covering IP/Broadband as he was when he was covering photography over at Prudential. Not every analyst is worth following, but if Henderson's call is correct it might be a sign to consider his words in the future. If he's off the mark, well we know what to do the next time he mentions 'squarsh'..... BB

To: RR who wrote (322)	10/17/2000 9:07:36 PM
From: Sully-	Read Replies (1) \| Respond to of 770

Foundry Networks beats analyst expectations By Bloomberg News October 17, 2000, 3:10 p.m. PT URL: news.cnet.com Foundry Networks, a computer-network switch maker whose shares have fallen 53 percent this year, said third-quarter earnings more than quadrupled as sales almost tripled. Net income climbed to $27.2 million, or 22 cents a share, from $5.81 million, or 5 cents, a year earlier. Revenue rose to $113.2 million from $38.9 million and was up 28 percent from the second quarter's $88.8 million. The company made the announcement in a release distributed by Business Wire. Company officials couldn't immediately be reached to confirm. Excluding costs for amortization of deferred stock compensation, profit was $28.5 million, or 22 cents a share. Analysts polled by First Call/Thomson Financial expected Foundry to earn 20 cents a share. The San Jose, Calif.-based company was forecast to have revenue of about $99 million, the average estimate of four analysts polled by IBES International. Foundry is benefiting from surging demand for Internet capacity as customers like America Online buy its switches. Recent sales growth has lagged some rivals, though, including Extreme Networks, Foundry's most comparable competitor. Extreme shares have more than doubled this year to give the company a higher market value than Foundry's. news.cnet.com Ö¿Ö