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To: Lachesis Atropos who wrote (39691)	6/6/2003 10:31:05 AM
From: Johnny Canuck	Read Replies (2) \| Respond to of 69914

You can tell the market bias is bullish. RSTN shugging this warning off for the most part. We reach my 1680 line in the sand. The index needs a double close above the level on volume to confirm. *******************************8 Riverstone expects wider 1st qtr loss, lower revs Thursday June 5, 6:10 pm ET SAN FRANCISCO, June 5 (Reuters) - Network gear maker Riverstone Networks Inc. (NasdaqNM:RSTN - News) on Thursday warned that its quarterly net loss would widen from a year earlier as revenues fall short of Wall Street's expectations amid weakness in Asian markets, especially China. ADVERTISEMENT Riverstone shares closed down 24 cents, or 13.8 percent, at $1.50 on the Nasdaq stock market after the warning. The Santa Clara, California company said it expected to report a net loss for its fiscal first quarter of about $18.6 million to $20.7 million, or 15 cents to 17 cents per share. The network gear maker a year earlier reported a net loss of $15.9 million, or 13 cents per share. Revenues for the May-ended quarter will be about $12 million to $13 million, compared with $30.1 million a year earlier, Riverstone said. Analysts had expected sales in a range of $15.3 million to $16.5 million, according to tracking service Thomson First Call (News - Websites). Riverstone, a small rival of much larger networking companies Cisco Systems Inc. (NasdaqNM:CSCO - News) and Juniper Networks Inc. (NasdaqNM:JNPR - News), said its sales rose during the first quarter over the prior quarter in its Europe, Middle East and Africa market, while North American sales were flat from the fourth quarter. However, first-quarter sales in Asia, particularly in China, were weak in part due to disrupted business activity, Riverstone said. Travel restrictions as authorities responded to SARS, Severe Acute Respiratory Syndrome, contributed to slower sales in China, a Riverstone spokesman said. Riverstone has moved aggressively into Asian markets in recent quarters while the telecom downturn presses on in North America and carriers cut or freeze equipment spending. Riverstone said its final first-quarter results are scheduled for release on June 19.

To: Lachesis Atropos who wrote (39691)	6/6/2003 10:31:05 AM
From: Johnny Canuck	Respond to of 69914

You can tell the market bias is bullish. RSTN shugging this warning off for the most part. *******************************8 Riverstone expects wider 1st qtr loss, lower revs Thursday June 5, 6:10 pm ET SAN FRANCISCO, June 5 (Reuters) - Network gear maker Riverstone Networks Inc. (NasdaqNM:RSTN - News) on Thursday warned that its quarterly net loss would widen from a year earlier as revenues fall short of Wall Street's expectations amid weakness in Asian markets, especially China. ADVERTISEMENT Riverstone shares closed down 24 cents, or 13.8 percent, at $1.50 on the Nasdaq stock market after the warning. The Santa Clara, California company said it expected to report a net loss for its fiscal first quarter of about $18.6 million to $20.7 million, or 15 cents to 17 cents per share. The network gear maker a year earlier reported a net loss of $15.9 million, or 13 cents per share. Revenues for the May-ended quarter will be about $12 million to $13 million, compared with $30.1 million a year earlier, Riverstone said. Analysts had expected sales in a range of $15.3 million to $16.5 million, according to tracking service Thomson First Call (News - Websites). Riverstone, a small rival of much larger networking companies Cisco Systems Inc. (NasdaqNM:CSCO - News) and Juniper Networks Inc. (NasdaqNM:JNPR - News), said its sales rose during the first quarter over the prior quarter in its Europe, Middle East and Africa market, while North American sales were flat from the fourth quarter. However, first-quarter sales in Asia, particularly in China, were weak in part due to disrupted business activity, Riverstone said. Travel restrictions as authorities responded to SARS, Severe Acute Respiratory Syndrome, contributed to slower sales in China, a Riverstone spokesman said. Riverstone has moved aggressively into Asian markets in recent quarters while the telecom downturn presses on in North America and carriers cut or freeze equipment spending. Riverstone said its final first-quarter results are scheduled for release on June 19.