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

To: The Ox who wrote (274)	8/6/2002 6:34:41 PM
From: Dave	Read Replies (1) \| Respond to of 290

One should also consider how long RSTN is going to be burning cash before they become cash flow positive and then factor that into the book value per share.

To: The Ox who wrote (274)	6/21/2003 4:20:11 PM
From: JK	Read Replies (1) \| Respond to of 290

Riverstone Networks Reports First Quarter Fiscal 2004 Results SANTA CLARA, Calif.--(BUSINESS WIRE)--June 19, 2003--Riverstone Networks, Inc. (Nasdaq:RSTN) today reported first quarter results for the period ended May 31, 2003. Revenues for the first quarter of fiscal 2004 were $12.7 million, compared with revenues of $15.1 million in the prior quarter and $30.1 million for the same period last year. GAAP net loss for the first quarter was $19.1 million or $0.15 per share. This compares with a GAAP net loss of $40.6 million or $0.33 per share for the fourth quarter of fiscal 2003 and a GAAP net loss of $15.9 million or $0.13 per share for the first quarter of fiscal 2003. Also today, Riverstone announced that it has received a Nasdaq staff determination indicating that its common stock is subject to delisting from the Nasdaq Stock Market due to noncompliance with Marketplace Rule 4310(c)(14), which requires the timely filing of Form 10-K. As previously announced, the delay in filing Form 10-K for the year ended March 1, 2003 results from the company's decision to conduct an internal review of its accounting practices and defer filing of Form 10-K until the review is complete. In accordance with Nasdaq's rules, Riverstone will request a hearing to appeal the staff determination. Riverstone Networks will hold a conference call today, June 19, 2003, beginning at 5:00 p.m. EDT/2:00 p.m. PDT. Investors can listen to the conference call on the Internet. To listen to the live call, go to ir.riverstonenet.com at least 15 minutes prior to the start time to download and install necessary audio software. For those unable to listen to the live broadcast, replay will be available one hour after the conclusion of the call at ir.riverstonenet.com and, through Monday, June 23, 2003, at 303/590-3000, pass code 541250.