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Extreme Networks

(EXTR) - Get Extreme Networks Inc. Report

was up 7.5% in preopen

Island

trading.

The company's CFO, speaking at the

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TheStreet Recommends

Banc of America Securities

conference Wednesday, reiterated Extreme's guidance for 2001.

The comments came a day after networking giant

Cisco

(CSCO) - Get Cisco Systems Inc. Report

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