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Riverstone Networks, Inc.
5200 Great America Parkway, Santa Clara, CA 95054 * (408) 878-6500
Business Description The company is a leading provider of metropolitan area Internet infrastructure solutions that enable service providers to deliver advanced applications and value-added services to their customers.
Offering
Information

Company has
gone public

Trading As  RSTN (NASNTL) Industry  High-Tech (SIC 3571)
Type of Stock Offered  Common Shares Filing Date  9/18/2000
Domestic Shares Offered  10,000,000 Offer Date  2/15/2001
Foreign Shares Offered  0 Filing Range  $11.00 - $13.00
Company Shares  10,000,000 Offer Price  $12.00
Selling Shrhldrs Shares  0 Gross Spread  $0.840
Gross Proceeds  $120,000,000 Selling  $0.540
Expenses  - - Reallowance  $0.100
Post-IPO Shares  - - Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Morgan Stanley Dean Witter Lead Manager (212) 761-5900
J.P. Morgan & Co. Co-manager (212) 648-0517
Lehman Brothers Incorporated Co-manager (212) 526-8100
Salomon Smith Barney Co-manager (212) 723-7300
Thomas Weisel Partners LLC Co-manager (415) 364-2500
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures 3 Months Ending
Figures in U.S. millions except per share data 2/29/1996 2/28/1997 2/28/1998 2/28/1999 2/29/2000 5/31/1999 6/3/2000
Revenues   0.000 0.000 0.059 3.284 23.076 2.480 15.778
Income from Oper.   -6.521 -18.508 -16.976 -184.967 -37.404 -8.883 -12.509
Net Income   -6.521 -18.508 -16.976 -184.995 -37.431 -8.891 -12.513
E.P.S   - - - - -0.400 - -0.130
Revenue Growth (%)      - - 5,466.10 602.680   536.21
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -40.32 -8.62 -2.74
Cash Flow - Inv.     -4.07 -1.20 -5.66
Cash Flow - Fin.     44.40 9.82 63.89
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 6/3/2000 Financial Ratios
Total Assets    96.64 Current Assets    78.02 Current Ratio    4.33
Total Liab.    18.02 Current Liab.    18.02 Debt Ratio    18.64%
Total Equity    78.62 Working Cap.    60.00 Debt to Equity Ratio    0.23
Cash    55.48    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for working capital and general corporate purposes.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Ropes & Gray
Bank's Law Firm  Wilson, Sonsini, Goodrich & Rosati
Auditor  KPMG LLC
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
Cabletron Systems, Inc. 100.00  
Note: represents ownership of 5% or more prior to the offering.

Last updated: 9/14/2001 2:48:07 PM
© 2001 IPO Data Systems, Inc. - All rights reserved.