EXHIBIT 99.1

FOR IMMEDIATE RELEASE
For more information, contact:
Extreme Networks
John Carvell                                     Valerie Bellofatto
Director of Investor Relations                   Director of Public Relations
408/579-3030                                     408/579-2963
investor_relations@extremenetworks.com           vbellofatto@extremenetworks.com
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     EXTREME NETWORKS ANNOUNCES INTENT TO OFFER $175 MILLION OF CONVERTIBLE
                     SUBORDINATED NOTES IN PRIVATE OFFERING


Santa Clara, CA - Nov. 29, 2001 - Extreme Networks, Inc. (Nasdaq: EXTR),a leader
in Ethernet broadband networking, today announced that it intends to offer,
subject to market and other conditions, up to $175 million of Convertible
Subordinated Notes due 2006 (plus an additional amount of up to $25 million) in
a private placement. The notes will be convertible into the Company's common
stock at the option of the holder at the price determined.


Extreme Networks intends to use the net proceeds of the anticipated offering for
working capital and other general corporate purposes.

This announcement is neither an offer to sell nor a solicitation of an offer to
buy any of the securities.

The notes and the common stock issuable upon conversion of the notes have not
been registered under the Securities Act of 1933, as amended (the "Securities
Act") or any state securities laws, and are being offered only to qualified
institutional buyers in reliance on Rule 144A under the Securities Act. Unless
so registered, the notes and common stock issued upon conversion of the notes
may not be offered or sold in the United States except pursuant to an exemption
from the registration requirements of the Securities Act and applicable state
securities laws.






Except for statements of historical fact, the statements contained in this press
release are forward-looking statements within the meaning of Section 21E of the
Securities and Exchange Act of 1934, as amended, including statements regarding
Extreme Networks' expectations, beliefs, intentions, or strategies regarding the
future. All forward-looking statements included in this press release are based
upon information available to Extreme Networks as of the date hereof, and
Extreme Networks assumes no obligation to update any such forward-looking
statements. Forward-looking statements involve risks and uncertainties, which
could cause actual results to differ materially from those projected. Other
risks relating to Extreme Networks' business are set forth in Extreme Networks'
Annual Report on Form 10-K and other interim reports as filed with the
Securities and Exchange Commission.

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Extreme Networks is a registered trademark of Extreme Networks, Inc. in the
United States and other countries.