Riverstone Networks (RSTN) Message Board

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Technology Stocks : Riverstone Networks (RSTN)

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To: FNS who wrote (171)	2/12/2002 3:22:53 PM
From: Elroy	Read Replies (2) of 290

The CSFB note was one of the most contradictory notes I've read. To paraphrase...... "RSTN is in a sweet spot so may be able to avoid carrier capex reductions".......but "carrier capex is obviously weak, so lets lower numbers"....... and I especially like the part where they write that the stock has fallen from $18 to $11, so therefore (my emhasis) they are taking the opportunity to lower numbers. How does the stock decline cause them to lower numbers? the stock decline isn't a reason to lower numbers! If they are projecting the future results ahead of everyone else they should lower numbers when the stock is still high so their clients can reduce their positions if they so desire. I think it is a case of CSFB having no idea where RSTN revenues will wind up, so they are guessing like mad. A huge chunk of RSTN revenue comes from Korea/Asia, which I doubt Lisa Bogarty has any feel for "how the quarter is progressing". What is Korea going to order this quarter? I doubt she has contacts in Korea that will tell her. And if she wanted to be useful, the time to make this type of analysis would be before the stock fell from $18 to $11, not afterward, because this type of analysis is something that can cause the stock to fall from $18 to $11. Once the shares are already down, she's just explaining why someone else already sold, not helping investors make money on their investment. Just my opinion, of course. And yeah, I'm still hopeful of 10% sequetial growth. They did it all last year in crummy circumstances, lets hope it can continue..... Elroy

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