Extreme Networks

(EXTR) - Get Report

was up 7.5% in preopen

Island

trading.

The company's CFO, speaking at the

Banc of America Securities

conference Wednesday, reiterated Extreme's guidance for 2001.

The comments came a day after networking giant

Cisco

(CSCO) - Get Report

missed estimates and offered a dim forecast. Cisco, which touched a 52-week low intraday Wednesday, was up 0.2% preopen.