Riverstone Issues Preliminary Quarterly Results

Riverstone Networks expects revenues for its fiscal quarter ended 31-May-2003 to be approximately $12 million to $13 million. Accordingly, the company expects to report a GAAP net loss for the quarter of approximately $0.15 per share to $0.17 per share. Riverstone noted increased sales in the first quarter in EMEA (Europe, the Middle East and Africa), but warned that North American sales remained flat relative to the previous quarter, and sales in Asia, particularly China, were weak due in part to regional disruption of business activity. Full results are scheduled to be released on 19-June-2003 after the close of market.http://ir.riverstonenet.com