INTERNATIONAL: Extreme victim of fake news release in web chatroom

SANTA CLARA, CA: Extreme Networks fell prey to the posting of a

fraudulent press release in an internet chatroom last week, causing

trading on its stock to be suspended.



The release, which was disguised to resemble a PR Newswire release, was

posted in a Yahoo! Finance chatroom.



Extreme was alerted to the situation by Nasdaq, which ceased trading

when it was rumoured the company would be buying Florida-based broadband

tech firm Viasource Communications.



Viasource's share-price jumped from the equivalent of £0.06 to

£0.12 on the news. Extreme rose by 68p to £6.80.



Extreme reported the news to its PR firm, Voce Communications.



The company issued a statement denying the purchase within an hour of

the alert.



Viasource issued a release about four hours after the news broke.



Edited by Holly Williams.



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