Reuters logo
BRIEF-Extreme Networks says started executing plan to re-align company's resources - SEC filing
January 6, 2017 / 10:09 PM / a year ago

BRIEF-Extreme Networks says started executing plan to re-align company's resources - SEC filing

Jan 6 (Reuters) - Extreme Networks Inc

* Extreme Networks Inc - on Jan 5, 2017, co approved and on January 6, 2017 began executing a plan to re-align company’s resources - SEC filing

* Extreme Networks Inc - company expects to incur charges in range of $6 to $8 million in connection with plan

* Extreme Networks - plan is expected to reduce overall costs of co and to accelerate achievement of co 10 pct operating income margin target objectives - SEC filing

* Extreme Networks - potential savings expected to be achieved will yield annualized savings of approximately $8 million upon completion of plan Source text: (bit.ly/2iKTezf) Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below