1、Dear Extreme Networks Stockholders:Despite a very challenging start to our fiscal year 2015,Extreme managed to finish the year on a very strong note.In the fourth quarter,we made executive leadership changes;announced our new vision and business strategy;restructured operations to eliminate over$40
2、million in operating expenses and rallied to deliver strong sales that were 25%higher than the third quarter.With all of these changes behind us,we are in a much stronger position to deliver growth.Our tightly-aligned leadership team is committed to a well-defined product roadmap and our new,focused
3、 go-to-market strategy.We fully expect to reap the benefits of our 2014 merger with Enterasys and leverage our combined strengths to win in the market and deliver growth to our shareholders.Its an exciting time in the networking industry!Networks are becoming increasingly more mobile and application
4、 driven.As the cost of bandwidth falls year over year,more and more devices and elements requiring connectivity are joining networks.This is elevating the strategic importance of IT organizations as they perform more functions and deliver more business services for the end users they serve.And yet,a
5、s more devices and services traverse the enterprise network,network management becomes increasingly complex.As this trend continues,IT managers will need software-driven solutions to combat the complexities of adding devices and applications,deploying network resources,and delivering the quality of
6、service their end users require.Extreme and our valued partners serve IT managers and this large,complex and growing market for networking,currently valued at over$25 billion.Weve begun to implement our strategic plan that will transition Extreme from a point product,engineering-centric,broadly-focu