Extreme Networks Cuts Expectations for Current Quarter

Extreme Networks expects revenue for the quarter ending 28-Dec-03 to be in the range of $80 to $85 million, a slight decrease as compared to $87.4 million in the previous quarter. The company attributed its lower than expected results, in part, to product constraints. Extreme Networks expects that new orders in the December quarter will increase from the previous quarter and that its book to bill ratio will exceed 1:1. Extreme Networks cited strong early customer response to its recently introduced BlackDiamond 10 Gigabit Ethernet modular switch products and said it expects revenues to increase sequentially in the March quarter.
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