x
Optical/IP

Extreme for Sale?

5:50 PM -- Extreme Networks Inc. (Nasdaq: EXTR) may be shopping itself around, according to analyst Samuel Wilson of JMP Securities . He made brief mention of it in a note issued this morning.

The reason would probably be the usual: that a good shakeup and restructuring could wrest more value (and, presumably, more employees) out of Extreme.

No details on who the possible buyers might be. Not Juniper. Private equity comes to mind -- one theory tossed around is that Bain Capital is scouting for a replacement for the Huawei/3Com deal.

One investment source notes this much: Extreme isn't buying back stock, despite a 30 percent tumble in share prices in the last six months.

— Craig Matsumoto, West Coast Editor, Light Reading

Be the first to post a comment regarding this story.
HOME
Sign In
SEARCH
CLOSE
MORE
CLOSE