- Thu Sep 30 2004 Lucent partners with Riverstone
Lucent hopes Riverstone's Ethernet switches and routers will help it round out its product lineup.
- Fri Apr 25 2003 SEC may investigate Riverstone
- Wed Aug 20 2003 Riverstone names new CEO
The network equipment maker names its new chief, appointing former Nortel executive Oscar Rodriguez to the post.
- Fri Feb 2 2001 Riverstone Networks eyes IPO
Despite an anemic market for initial public offerings, the Cabletron Systems spinoff plans to go public soon, a move analysts say will serve as a barometer for future stock offerings.
- Wed Feb 8 2006 Lucent buys Riverstone for $170 million
Riverstone, which has been under SEC investigation since 2003, will file for Chapter 11 bankruptcy protection.
- Wed Nov 29 2000 Riverstone, Tellabs team for networking gear
Riverstone Networks partners with the telecommunications equipment-maker in a deal said to be worth tens of millions of dollars in annual revenue.
- Thu Aug 30 2001 Riverstone, Tellabs squabble over contract
Equipment manufacturer Riverstone Networks files a breach of contract lawsuit against the telecom equipment maker just two days after receiving a similar suit.
- Thu Feb 15 2001 Riverstone streams toward public debut
Cabletron Systems spinoff Riverstone Networks is set to go public Friday, the first of several networking companies in line for initial public offerings this year.
- Fri Jul 13 2001 Riverstone adopts shareholder rights plan
Riverstone Networks, a maker of optical telecom equipment for metropolitan networks, announced Friday that its board of directors has approved a shareholder rights plan that would make it more difficult for an outside group to acquire a major stake in the company without the blessing of Riverstone. The plan, also known as a "poison pill," kicks in after an individual or group acquires 15 percent or more of the company or announces a plan to do so. When that happens existing shareholders would have the right to purchase company stock at a discount, which would dilute the stake of the unwanted bidder.
The move will take the threat of a hostile takeover off of Riverstone's shoulders, which was spun off from its parent company, Cabletron Systems, in February. Cabletron will distribute its 86 percent stake in Riverstone to its own shareholders, who will receive half a Riverstone share for each share of Cabletron they own.
- Thu Mar 22 2001 Riverstone tops Wall Street estimates
Riverstone Networks announces a smaller-than-expected loss, beating analysts' estimates by 2 cents in its first stand-alone earnings report since spinning off from Cabletron.
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