Extreme Networks (EXTR) Submits Updated SEC Filings
Posted on June 28, 2007
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Extreme Networks (EXTR), one of our dissappointing picks this year, has finally completed its options investigation and filed up-to-date financials with the SEC. We believe that this represents a turning point for the company, as it eliminates a major uncertainty that we think has held back the shares, even as Avaya, a big partner of EXTR was scooped up by private equity at a significant premium, and Foundry (FDRY), EXTR’s main comp, has slowly regained favor with investors after it too finally filed updated financials with the SEC.
>>Read MoreGlobal Telecom and Technology (GTLT): New Investment Idea
Posted on June 21, 2007
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Following on our success with our investment in FiberNet (FTGX) and Internap (INAP), we’re ready to make a bet on another depressed Managed IP services play.
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