To: im a survivor who wrote (29452 ) 1/17/2001 5:32:45 PM From: Sully- Respond to Talk about manipulation????? Revenues came in ABOVE average estimates...... but that didn't stop ANALysts who had slightly higher estimates from being disappointed????cnetinvestor.com Sales and profit excluding certain items lagged some forecasts, sending the shares down as much as 18 percent in after-hours trading. Revenue in the period ended Dec. 31 climbed to $144.7 million from $55.0 million. Investors have been concerned that the slowing economy and sales of telecommunications gear could affect Extreme, especially since Foundry Networks Inc., considered Extreme's closest rival, said last month that it would miss profit targets. Extreme shares have dropped 63 percent from a record $128.88 in October. ''They were a little bit light on the sales side,'' said SG Cowen analyst Christin Armacost, who had forecast revenue of $145.9 million. She rates Extreme stock a ''neutral.'' Extreme was forecast to report revenue of $143.2 million, the average estimate of five analysts surveyed by IBES International Inc. extremenetworks.com .)
