SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1) Extreme Networks, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 30226D 10 6 (CUSIP Number) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). This Schedule 13G includes 6,276,024 shares (5.8%) of issuer held by Norwest Limited LP, LLLP, a subsidiary of Wells Fargo & Company that is not eligible to file a Schedule 13G pursuant to Rule 13d-1(b) but is eligible to file a Schedule 13G pursuant to Rule 13d-1(c). 13G CUSIP NO. 30226D 10 6 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Wells Fargo & Company Tax Identification No. 41-0449260 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 3) SEC USE ONLY 4) CITIZENSHIP OR PLACE OF ORGANIZATION Minnesota NUMBER OF (5) SOLE VOTING POWER SHARES 6,354,402 BENEFICIALLY (6) SHARED VOTING POWER OWNED BY 1,340 EACH (7) SOLE DISPOSITIVE POWER REPORTING 6,349,402 PERSON (8) SHARED DISPOSITIVE POWER WITH 1,340 9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,355,742 10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.9% 12) TYPE OF REPORTING PERSON* HC 13G CUSIP NO. 30226D 10 6 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Norwest Limited LP, LLLP Tax Identification No. 41-1970247 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 3) SEC USE ONLY 4) CITIZENSHIP OR PLACE OF ORGANIZATION Minnesota NUMBER OF (5) SOLE VOTING POWER SHARES 6,276,024 BENEFICIALLY (6) SHARED VOTING POWER OWNED BY 0 EACH (7) SOLE DISPOSITIVE POWER REPORTING 6,276,024 PERSON (8) SHARED DISPOSITIVE POWER WITH 0 9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,276,024 10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.8% 12) TYPE OF REPORTING PERSON* PN SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1) Item 1(a) Name of Issuer: Extreme Networks, Inc. Item 1(b) Address of Issuer's Principal Executive Offices: 3585 Monroe Street Santa Clara, CA 95051 Item 2(a) Name of Person Filing: 1. Wells Fargo & Company 2. Norwest Limited LP, LLLP Item 2(b) Address of Principal Business Office: 1. Wells Fargo & Company 420 Montgomery Street San Francisco, CA 94104 2. Norwest Limited LP, LLLP Sixth and Marquette Minneapolis, MN 55479 Item 2(c) Citizenship: 1. Wells Fargo & Company: Delaware 2. Norwest Limited LP, LLLP: Delaware Item 2(d) Title of Class of Securities: Common Stock Item 2(e) CUSIP Number: 30226D 10 6 Item 3 The person filing is a: 1. Wells Fargo & Company: Parent Holding Company in accordance with 240.13d-1(b)(1)(ii)(G) 2. Norwest Limited LP, LLLP: Not applicable. Item 4 Ownership: See Items 5-11 of each cover page. Item 5 Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting persons have ceased to be beneficial owners of more than five percent of the class of securities, check the following [ ]. Item 6 Ownership of More than Five Percent on Behalf of Another Person: Not applicable. Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company: See Attachment A. Item 8 Identification and Classification of Members of the Group: Not applicable. Item 9 Notice of Dissolution of Group: Not applicable. Item 10 Certification: By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. Signature. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and correct. Date: February 14, 2001 WELLS FARGO & COMPANY By: /s/ Laurel A. Holschuh Laurel A. Holschuh, Senior Vice President and Secretary ATTACHMENT A The Schedule 13G to which this attachment is appended is filed by Wells Fargo & Company on behalf of the following subsidiaries: Norwest Limited LP, LLLP (1) Wells Fargo Bank, National Association (2) Wells Fargo Bank Minnesota, National Association (2) Wells Fargo Bank Texas, National Association (2) __________________ (1) Norwest Limited LP, LLLP is a Delaware limited liability limited partnership that is not one of the entities listed in Rule 13d- 1(b)(1()(ii) and is included in this filing pursuant to Rule 13d- 1(c). (2) Classified as a bank in accordance with Regulation 13d- 1(b)(1)(ii)(B).