Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Salomon Downgrades Riverstone to 'Neutral'


Salomon Smith Barney downgraded Riverstone Networks (RSTN) to neutral from outperform.

Analyst Alex Henderson says the company's first quarter preannouncement was disappointing vs. his estimate of breakeven on $49 million revenue. He notes management primarily attributed the miss to sustained weakness in carrier capital spending, as well as seasonal weakness in Japan and further deployment pushout in China. Henderson thinks near term catalysts are limited, it is apparent that RBOC deployments are unlikely until at least 2003. He cut his $6 target to $3.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus