Extreme Networks Reports Preliminary Revenue

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Mon Oct 5, 2009 4:05pm EDT

Schedules First Quarter Conference Call for October 26







SANTA CLARA, Calif., Oct. 5 /PRNewswire-FirstCall/ -- Extreme Networks, Inc.
(Nasdaq: EXTR) today released preliminary revenue for its 2010 fiscal first
quarter ended September 27, 2009.  For the quarter, net revenue is expected to
be approximately $66 million.


"Our supply chain was constrained during the quarter, impacting our ability to
deliver product, close transactions and recognize revenue.  Our North America
business was particularly soft, as some deals were lost and others were
delayed beyond the end of the quarter," said Mark Canepa, president and CEO of
Extreme Networks. "I am disappointed that we did not execute to our advantage.
 However, on a positive note, we expect to report that backlog and deferred
revenue increased by approximately $6 million and total cash increased
approximately $3 million for the quarter.  We and our Board of Directors are
committed to addressing the issues that produced these results.  I look
forward to giving a complete update on our earning release conference call. 
Further, we are anticipating giving guidance for our second quarter on the
call."


Conference Call
The Company plans to release the financial results of its 2010 fiscal first
quarter ended September 27, 2009 after the close of regular market trading on
Monday, October 26, 2009.  A conference call will follow at 4:30 p.m. Eastern
Time (1:30 p.m. Pacific Time).  The conference call may be heard by dialing
1-877-941-1427 (international callers dial 1-480-629-9664).  A 48-hour replay
will be available following the call by dialing 1-800-406-7325 (international
callers dial 1-303-590-3030); the replay passcode is 4166330.  In addition, a
live webcast and replay of the call will be available at
http://investor.extremenetworks.com.  Financial information to be discussed
during the conference call will be posted on the Investor Relations section of
the Company's website www.extremenetworks.com.


Extreme Networks, Inc.
Extreme Networks provides converged Ethernet networks that support data, voice
and video for enterprises and service providers. The company's network
solutions feature high performance and high availability switching that
deliver insight and control enabling customers to solve their real-world
business communications challenges. Operating in more than 50 countries,
Extreme Networks provides wired and wireless secure LANs, data center
infrastructure and Service Provider Ethernet transport solutions that are
complemented by global, 24x7 service and support.  For more information,
visit: http://www.extremenetworks.com


Extreme Networks is either a trademark or registered trademark of Extreme
Networks, Inc. in the United States and/or other countries.


This announcement contains forward-looking statements that involve risks and
uncertainties, including statements regarding the Company's preliminary
financial results. 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 adjustments based upon further review of the
Company's financial results for its fiscal quarter ended September 27, 2009.
The Company undertakes no obligation to update the forward-looking information
in this release. More information about potential factors that could affect
the Company's business and financial results is included in its filings with
the Securities and Exchange Commission, 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.




SOURCE  Extreme Networks, Inc.

Investor Relations, +1-408-579-3030, investor_relations@extremenetworks.com;
or Public Relations, +1-408-579-3483, gcross@extremenetworks.com, both of
Extreme Networks
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