Riverstone Networks (RSTN) Message Board

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Technology Stocks : Riverstone Networks (RSTN)

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To: commsguy who wrote (288)	7/21/2003 9:14:24 AM
From: alanrs	of 290

NewsFinder MARKETWATCH NEWS NEWS SERVICES PRESS RELEASES MARKET ADVISERS NEWS SEARCH Ticker/keyword: TickerKeyword Source: All MarketWatch NewsTop StoriesRealTime HeadlinesMarket PulseTV & Radio 8:59am 07/21/03 Riverstone identifies accounting irregularities (RSTNE) By Tomi Kilgore NEW YORK (CBS.MW) -- Riverstone Networks (RSTNE) said it has uncovered certain accounting "irregularities," and intends to restate financial statements for the fiscal 2002 and for the first three quarters of fiscal 2003. The network switch and router maker said the irregularities relate to the "appropriateness and timing of revenue recognized by certain customers." The company said it couldn't be certain when its review of accounting practices and issuance of restated results would occur. The stock closed Friday up 3 cents at $1.27. Opinions anybody? ARS

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