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Friday, May 16, 2008

Update: Extreme In “Serious” Talks With Bidder, JMP Says

Eric Savitz

A quick update on my post yesterday regarding rumors that Extreme Networks (EXTR) might be acquired by privately held Enterasys.
In a research note yesterday, JMP Securities analyst Samuel Wilson wrote that “sources suggested to us that at least one interest party has stepped forward to begin serious discussions with the company.”

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Thursday, May 15, 2008

What’s Up With Extreme Networks?

Eric Savitz

Is something going on with Extreme Networks (EXTR)?
The networking hardware company’s shares today have jumped 18 cents, or 5.9%, to $3.25; volume totals 2.56 million shares, about triple the daily average.

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