Ethernet equipment

Extreme + Enterasys?

1:50 PM -- No time for a full story right now, but -- it looks like Extreme Networks Inc. (Nasdaq: EXTR) is close to getting bought by Enterasys Networks Inc. .

You'll recall Samuel Wilson of JMP Securities recently said Extreme is on the block. (See Extreme for Sale?) Today, he's put out a note saying the company is in negotiations with at least one interested, serious party.

The note doesn't say who that might be, but sources are pointing to Enterasys. That company got taken private in 2005, and it's made no secret about wanting to beef up with acquisitions to better combat Cisco Systems Inc. (Nasdaq: CSCO).

Extreme's stock, meanwhile, is up 18 cents (5.9%) to $3.25. It's traded more than 3 million shares so far today, compared with an average volume closer to 900,000.

Neither Enterasys nor Extreme would comment.

— Craig Matsumoto, West Coast Editor, Light Reading

Mark Sebastyn 12/5/2012 | 3:40:45 PM
re: Extreme + Enterasys? ... all in one day.
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