Leaving Extreme Networks

After 2+ years of relocating to Chennai and joining Extreme Networks (EXTR), the time has finally come to say Good Bye… It’s been really wonderful working with a great team.

My special thanks to all my colleagues for making my life at extreme a truely memorable one especially my managers – Ajit Parthan, Ramki, Suresh Bopparaju, Michael and the rest of the team. The last two years have been really exciting and I was able to learn a lot!!! And as always, I feel my job here is done and it’s time for me to move on.

PS: I am also Chennai and relocating to Bangalore.

EXTR doing fine; stock selloff overdone

Barrons says the company is doing fine and the the stock selloff is overdone. As of FY087 EXTR had $225M in cash vs a current mkt cap of $350M. EXTR also owns is HQ in highly desireable Santa Clara, CA. Barronss states after backing out the tangibles, the core business is only vlaued at $100M. $5/share upside target.

[ Source ]