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Technology Stocks : Riverstone Networks (RSTN)

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To: Keith Monahan who wrote (107)	9/26/2001 7:42:10 AM
From: 2MAR$	of 290

China To Be US Riverstone's Biggest Export Mkt-CEO By Kenneth Neil Cukier HONG KONG (Dow Jones)--Riverstone Networks Inc. (RSTN), a U.S.-based telecommunication equipment company, said it expects to significantly increase the percentage of its sales in Asia over the next six months, and China will be its largest market outside the U.S. "We expect Asia-Pacific to be 50% of sales in the next six months," from around 35% currently, said Romulus Pereira, president and chief executive of Riverstone Networks, in an interview with The Asian Wall Street Journal. Pereira said China, which six months ago was roughly the third or fourth largest market for the company outside the U.S., is now poised to be the biggest. Companies in China, he said, "missed the first wave of infrastructure. Now they're investing in it." The Nasdaq-listed company last week posted second quarter revenue of $55.3 million. Buyers of its high-speed data-networking switches and routers include Asian companies such as Korea Telecom (KTC), Chunghwa Telecom Co. (Q.CTE) and Hutchison Global Crossing.

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