Replies to post #1197 on "Market Madness"

[jimmenknee]

You too Tiki :) Did you know the iBox pick was of Shipwreck Cove in Zante Greece? Beautiful pix... ( http://fiveprime.org/hivemind/Tags/greece,shipwreck )

"Almost every visitor to Zante goes to see the notorious SHIPWRECK COVE or NAVAGIO, subject of more Zante postcards than you can shake a beach umbrella at.

Few are disappointed at the romantic scene with a beach of steep white pebbles nestling between vertiginous white cliffs. The wreck itself is rather less romantic, merely an old steamer that struck the beach while on a cigarette and booze smuggling expedition. It ran aground in poor weather while being chased by a Greek navy patrol boat.

But the setting is perfect with a small sandy beach and steep cliffs all around. There are no roads to this spot and the only access is by boat.

Photos of an empty beach are difficult to get now as tour boats arrive every hour on the hour and the place is normally heaving with bodies.

Views from the cliffs above are also far more dramatic than those from a boat arriving for its allowed slot of 60mins but few are willing to slog up and down the steep cliff path."

[goingin60]

Tiki 178 membermarks for someone thats only been here 1 yr-
people that have been here 4x aslong wish they had that many people watching-
consistency and reasons for a trade- great job.

[jimmenknee]

EXTR -- Basically sound but needs to grow US sales and follow through to increase profits. Litigation could start to drag this in 2008 and SEC/NASD compliance issues are short-term lingerers...

"Extreme Networks provides network infrastructure equipment based on the Ethernet standard. Its customer base includes corporations, health-care and educational institutions, the government, and metropolitan service providers. The company also provides consultative services to its customers. International sales account for about 60% of total revenue."

--Gapped up off positive 2Q 2008 earnings (Jan)
--Patent infringement lawsuit filed against them in Feb

Good:
--No outstanding debt :)
--Project increased profits and growth with acceleration the 2nd 1/2 2008

Bad:
--5 active legal, 1 plaintiff (patent infringement) and 4 defendant (IPO related, fraud and 2 patent infringement)
--Had problems keeping filing and regulatory compliance in 2007

Unknown:
--Good news is SEC didn't recommend enforcement action off stock option granting investigation
--Bad news a stockholder initiated action in Apr 2007 related to options granting & accounting practices