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.
please....give it a rest. so much over reaction its not even funny.
8:18AM Riverstone Ntwrks upped by Piper; sees no ETS contagion (RSTN) 15.72: -- Update -- USB Piper Jaffray upgrades to OUTPERFORM from Mkt Perform; suspects that SECinvestigation of Enterasys (ETS) revolves around its planned Aprisma spin-off and doubts there is any implication for RSTN (both are Cabletron spin-offs); says any weakness tied to ETS problems is a buying opportunity. RSTN at 14.32 pre-market.