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Technology Stocks : Riverstone Networks (RSTN) -- Ignore unavailable to you. Want to Upgrade?


To: kech who wrote (162)2/4/2002 9:22:23 AM
From: Larry S.  Respond to of 290
 
yeah, so what: this morning:
"Riverstone Networks (RSTN: news, chart, profile) dropped 11 percent to $14 on news that Enterasys
Networks (ETS: news, chart, profile) is being investigated by the Securities and Exchange
Commission despite a statement from Riverstone over the weekend that it's not part of the probe.
Both Riverstone and Enterasys were spun out from the former Cabletron Systems.

but, Briefing.com has the following:
08:18 ET Riverstone Ntwrks upped by Piper; sees no ETS contagion (RSTN) 15.72: -- Update -- USB Piper Jaffray upgrades to OUTPERFORM from Mkt Perform; suspects that SEC investigation of Enterasys (ETS) revolves around its planned Aprisma spin-off and doubts there is any implication for RSTN (both are Cabletron spin-offs); says any weakness tied to ETS problems is a buying opportunity. RSTN at 14.32 pre-market.