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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: oldirtybastard who wrote (74903)	2/4/2002 1:26:06 PM
From: Brasco One	Respond to of 122087

i cant belive they took that pos ntap to 28.

To: oldirtybastard who wrote (74903)	2/4/2002 3:34:39 PM
From: Tassi	Read Replies (1) \| Respond to of 122087

DJ Riverstone Down -2: Shares Recouping Earlier Losses- 04 Feb 12:27 By Maxwell Murphy Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Riverstone Networks Inc. (RSTN) shares fell more than 25% early Monday on worries that it might be part of the Securities and Exchange Commission investigation into Enterasys Networks Inc. (ETS). Friday, Enterasys said it will delay reporting fourth-quarter results due to a sales issue in its Asia Pacific operations. The former Cabletron Systems also said it and "certain affiliated companies" were being investigated by the SEC. Riverstone, spun off from Cabletron about a year ago, on Saturday issued a release saying it "has not been notified that it is part of any SEC investigation," and it is not an affiliate of Enterasys. A Riverstone spokesman told Dow Jones Newswires that Enterasys doesn't have any stake in Riverstone, let alone the 10% necessary to qualify one company as another's affiliate according to the SEC. Several analysts Monday issued research notes advising buying Riverstone on the expected weakness. U.S. Bancorp Piper Jaffray analyst Edward Jackson even upgraded the shares to outperform from market perform before the opening bell in anticipation of what he called a "buying opportunity." Shares of Enterasys, which on Monday also announced it is delaying its proposed spinoff of its Aprisma Management Technologies Inc. unit, were recently off more than 56% at $4.75, a new 52-week low. An Aprisma spokesman declined comment and deferred questions to an Enterasys spokeswoman, who wasn't immediately available. Riverstone stock recently traded at $13.72, down $2 or 12.7%, on volume of 12.5 million, compared with a daily average of about 3.4 million. Shares fell as low as $11.75 early in the session. Enterasys in a conference call said it believed its Asia-Pacific sales problem was confined to three of its employees who have been given administrative leave, according to Ilya Grozovsky of SoundView Technology Group. Grozovsky said though it seems the sales issue is specific to Enterasys, shares of Extreme Networks Inc. (EXTR) and Foundry Networks Inc. (FDRY) were falling because the two do such a large part of their business in Asia. In a note, Lissa Bogaty of Credit Suisse First Boston said: "Fear that other network equipment companies may need to scrub their Asian channel sales could cause weakness in Extreme and Foundry." Extreme was recently off 12.9% at $11.88 and Foundry was down 7.1% at $6.89. Amid these and several other disparate concerns, communications technology stocks were among the worst performing sectors Monday. -By Maxwell Murphy; Dow Jones Newswires; 201-938-5173; maxwell.murphy@dowjones.com (END) DOW JONES NEWS 02-04-02 12:27 PM