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Technology Stocks : Riverstone Networks (RSTN)
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To: FNS who wrote (168)2/11/2002 6:07:05 AM
From: Larry S.  Read Replies (1) of 290
 
Todays WSJ: -
Riverstone Networks, a router company which was spun off from Enterasys, (previously called Cabletron),
slid 4.62, to 11.10, on investor fears the company would be tainted by whatever ails Enterasys. Riverstone
said it wasn't involved in the probe, but investors weren't so sure. And a look at the company's financial filings
show why the company might make some investors nervous. Riverstone has dramatically increased its
reliance on the Asian market in recent months: 31.4% of its business came from Japan and China in the latest
quarter, versus 7.8% a year earlier. More troubling is that 19.8% of the company's revenues came from
companies in which Riverstone is an investor -- just the kind of thing that is making the Street squeamish
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