Writing on the wall; On Friday, Enterasys said it delayed releasing its fourth-quarter and 2001 fiscal year financial results in order to review details of a $4 million sales contract. The company said it was investigating some issues identified by management arising from the terms of the contract recorded by its Asia-Pacific operations. Close @ 1.70 - 1.90
More writing on the wall; Riverstone Networks (RSTN: news, chart, profile) dropped 11 percent to $14 on news that Enterasys Networks (ETS: news, chart, profile) is being investigated by the Securities and Exchange Commission despite a statement from Riverstone over the weekend that it's not part of the probe. Both Riverstone and Enterasys were spun out from the former Cabletron Systems.