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

To: Sully- who wrote (362)	10/19/2000 12:03:24 PM
From: minorejoy2000	Read Replies (1) \| Respond to of 770

We've sent letters of all sorts similar to what follows, to investor_relations@extremenetworks.com. Also variations to TSC and CNBC, etc. : <<We at the EXTR board on RagingBull.com are having enough problems with incorrect press releases - - we are all losing so much money because of Reuters, CNBC and now TSC - all, by the way, reporting totally different stories! Here is TSC's story:Extreme Networks (EXTR:Nasdaq - news) was down 16.9% in midmorning trading after it beat expectations but appeared to disappoint the Street anyway. The router and switch maker was said first-quarter earnings were 8 cents per share, better than the First Call/Thomson Financial estimate of 2 cents. Extreme's main competitor, Cisco Systems (CSCO:Nasdaq - news), was up 8.8%. Here is the "corrected" version from Reuters (which is doing NO good at all due to it's after the fact perhaps, plus CNBC's comment (which will follow) and TSC's article - 10:42 am Eastern Time CORRECTED - CORRECTED - HEADLINE STOCKS - U.S. stocks to watch In NEW YORK item, headlined ``HEADLINE STOCKS - U.S. stocks to watch on Oct. 19,'' please read in fourth bullet point ... The stock fell after the company reported fiscal first-quarter net earnings of 8 cents per share, above estimates of 6 cents. ... instead of ... The stock fell after the company reported fiscal first-quarter net earnings of 4 cents per share, below estimates of 6 cents (fixes earnings per share figure and corrects to show the company's earnings exceeded estimates rather than missed them). A corrected repetition follows. NEW YORK, Oct 19 (Reuters) - U.S. issues to watch: - Extreme Networks Inc. (NasdaqNM:EXTR - news), which makes computer networking equipment, was battered in after-hours trade, falling to $96-1/4 on Instinet from a close of $107-1/8. The stock fell after the company reported fiscal first-quarter net earnings of 8 cents per share, above estimates of 6 cents. Many of us contacted CNBC, only to have Steve Frank report that Reuters "had corrected their mistake, but that wasn't the reason the stock was down. The stock was down because they didn't meet the whisper number of 11 cents" - The whisper number was 7 cents and it beat THAT!>> If it all gets swept under the rug, I wonder how much damage can be done. I'd like to see Extreme's CEO on CNBC and real clarifications made