October 18, 2001 |
Extreme Networks Inc., a maker of computer-network switches, posted a fiscal first-quarter loss as sales declined 9%. The loss was $36 million, or 32 cents a share, compared with net income of $4.53 million, or 4 cents, in the year-earlier quarter. Sales in the period that ended Sept. 30 fell to $108.3 million from $119.3 million. Extreme shares fell $1.67 to $12.20 on Nasdaq. They rose to $12.37 in after-hours trading after the release of the report.
May 8, 2000
* The four-day National Cable Television Assn. conference in New Orleans kicks off today, as top cable TV operators and network equipment providers will rub shoulders with new media upstarts such as Commerce.TV, IBeam Broadcasting and VideoPropusion. America Online President Bob Pittman and Microsoft Chief Executive Steve Ballmer are expected to present competing visions of Internet television, promoters say. On Sunday, WorldGate Communications Inc.
October 31, 2000 |
Steve Young, the former San Francisco 49ers quarterback and a two-time NFL Most Valuable Player, joined the board of Foundry Networks Inc., a maker of computer-network switches that run the Internet. Young, 39, who retired from football in June after suffering four concussions in the prior three years, is chairman of Found Inc., a closely held provider of services and software for managing retail and manufacturing over the Internet. Foundry shares fell $10 to $65.
April 10, 1999 |
In an innovative first-time stock offering that allowed individual investors to set share prices and buy stock directly online, Ravenswood Winery Inc. of Sonoma's stock rose 38 cents Friday to close at $10.88 in its Nasdaq debut. The initial public offering, or IPO, was priced Thursday night at $10.50 a share and was underwritten by San Francisco investment bank W.R. Hambrecht & Co. through its "OpenIPO" system.
January 28, 2008 |
Portfolio managers may be dizzy after the recent gymnastics in a market that's had an unhappy new year. That hasn't stopped a few from dumpster diving. The Federal Reserve's big interest-rate cut last week put a shine on at least a few tarnished financial stocks, and selected tech issues are getting some love.
August 7, 2002 |
Computer networking giant Cisco Systems Inc. beat Wall Street expectations Tuesday with strong quarterly profit, but the results don't necessarily mean the beleaguered tech sector has finally glimpsed the light at the end of the tunnel. San Jose-based Cisco said net income for its fiscal fourth quarter ballooned to $772 million, or 10 cents a share, up dramatically from $7 million, or less than a penny a share, in the same period last year.