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Extreme Networks To Report Q4 Revenue In Line With Analysts Estimates Of Between US$ 79 Million and US$ 81 Million
Published Jul 27, 2009
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Extreme Networks, Inc. today announced that it expects to report revenue between $79 million and $81 million for the quarter ended June 28, 2009 and a cash and investments balance as of that date of approximately $127 million.
Extreme Networks also announced today, that Karen M. Rogge, Senior Vice President and Chief Financial Officer, has tendered her resignation in order to pursue other opportunities. Ms. Rogge’s last day will be July 20, 2009. She joined the Company in April 2007. “We thank Karen for her service to Extreme and we wish her well in her future endeavors,” said Mark Canepa, president and CEO of Extreme Networks.
The Company further announced that Bob L. Corey has been named Senior Vice President and Chief Financial Officer. “We are very pleased that Bob has agreed to bring his extensive financial and executive experience to the Company,” said Canepa. Mr. Corey has served on the Company’s Board of Directors since December 2003. He is resigning his position as Chairman of the Audit Committee and member of the Company’s Board of Directors to assume his new responsibilities.
“I’m delighted to work with the worldwide team of professionals at Extreme,” said Mr. Corey. Mr. Corey has served in a variety of executive positions, most recently as Executive Vice President and Chief Financial Officer for Thor Technologies, Inc. and Executive Vice President and Chief Financial Officer of Documentum, Inc. Earlier in his career Mr. Corey held senior financial executive positions with Forte Software, Ashton-Tate Corporation and Western Digital Corporation. Mr. Corey also served as Chairman of the Board of Directors of Interwoven, Inc. until its recent acquisition by Autonomy Corporation plc, and will continue to serve on the Board of Directors of Veraz Networks as Chairman of the Audit Committee.
Mr. John Kispert will assume the Chairmanship of the Company’s Audit Committee. Mr. Kispert has 15 years of experience serving in various executive leadership positions in the high-technology industry. In February 2009, Mr. Kispert was hired to serve as President and Chief Executive Officer of Spansion, Inc., a manufacturer of flash memory products, to oversee that company’s reorganization of its business. Previously, Mr. Kispert served as the President and Chief Operating Officer of KLA-Tencor Corporation.
Posted by
VMD - [Virtual Marketing Department]
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