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To: RR who wrote (37200)	5/23/2001 1:58:35 PM
From: Sully-	Read Replies (2) \| Respond to of 65232

Ernst & Young Names Extreme Networks' CEO Finalist in Entrepreneur of the Year Award Gordon Stitt Recognized for Vision, Growth and Creation of an Innovative Culture SANTA CLARA, Calif., May 23 /PRNewswire/ -- Gordon Stitt, founder and CEO of Extreme Networks, Inc. (Nasdaq: EXTR - news) has been named a finalist for Ernst & Young's Entrepreneur of the Year award. Ernst & Young selected finalists for this prestigious award based on vision, company growth, and charitable endeavors. All recipients will be honored during an awards banquet on June 22, 2001 at the Fairmont Hotel in San Jose. Extreme Networks was founded in 1996 by Stitt along with Stephen Haddock, the Company's CTO, and Herb Schneider, vice president of engineering, to deliver a simplified approach to networking. The Company addressed the complexity in networks necessitated by the rapid adoption of the Internet and broadband applications with the simplicity and rich functionality of Ethernet technology. When they introduced the first switching system in 1997, the Company began achieving its objectives of creating a family of best-of-breed network switching solutions that provides simplicity, a better return on investment, as well as delivering higher performance and improved reliability for large enterprises and service provider networks. Today, with more than 1,000 employees and global operations, the Company is executing on Stitt's vision, and continuing to build upon its success. By consistently gaining prestigious industry awards and leading the movement for Ethernet Everywhere® networks, Extreme Networks has achieved leadership status in the industry. While building a market leader, Stitt and his management team have instilled an innovative corporate culture that spurs the inventiveness, flair, and daily execution of a company that would grow its business to more than $750M in revenues in just five years. Headquartered in Santa Clara, Calif., Extreme Networks was listed as the ``Fastest Growing Company in Silicon Valley'' based on three-year revenue growth by the San Jose and Silicon Valley Business Journal. The Company's Ethernet technology was listed as one of the ``Top 10 Tech Trends To Bet On'' within Fortune Magazine, March 26, 2001. For more information, visit www.extremenetworks.com. This announcement contains forward-looking statements that involve risks and uncertainties, Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including, but not limited to: (i) our limited history of profitability; (ii) possible delays in the development of new technology and products; (iii) a highly competitive business environment for network switching equipment; and (iv) economic trends in worldwide geographic markets. More information about potential factors that could affect our business and financial results is included in our Annual Report on Form 10-K for the year ended June 30, 2000, and the Quarterly Report on Form 10-Q for the period ended December 31, 2000, including (without limitation) under the captions, ``Management's Discussion and Analysis of Financial Condition and Results of Operations,'' and ``Risk Factors,'' which are on file with the Securities and Exchange Commission ( sec.gov ). NOTE: Extreme Networks and Ethernet Everywhere are registered trademarks of Extreme Networks, Inc. in the United States and other countries. SOURCE: Extreme Networks, Inc. biz.yahoo.com Ö¿Ö