Cabletron Declares Distribution Ratio for Riverstone Spin-Off; Distribution Ratio Established At .5131 Riverstone Shares for Each Cabletron Share.Business/Technology Editors ROCHESTER, N.H.--(BUSINESS WIRE)--July 27, 2001 Cabletron Systems, Inc., (NYSE NYSE See: New York Stock Exchange : CS) a holding company for networking and telecommunications companies, announced today that the distribution ratio for the Riverstone Networks' (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : RSTN RSTN Radio Solar Telescope Network RSTN Restricted Securities Trading Network RSTN Royals Sports Television Network (Kansas City Royals) RSTN Reflective Super Twisted Nematic ) distribution is .5131 shares of Riverstone common stock for each share of Cabletron common stock. The distribution will occur at 7:00AM EST EST electroshock therapy. EST abbr. electroshock therapy on August 6, 2001 to holders of record of shares of Cabletron stock as of 5:00PM EST on July 27, 2001. Cash payments will be made in lieu of fractional shares. For more information concerning the share distribution, visit www.cabletron.com. In February 2001, Riverstone completed an initial public offering of 10,000,000 shares of its common stock. Cabletron currently holds approximately 86% of the Riverstone issued and outstanding common stock. On August 6, 2001, Cabletron will no longer own any shares of Riverstone and Riverstone will be a fully independent, publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. . The final ratio was determined by dividing the total number of shares of Riverstone to be distributed in the spin-off by the total number of shares of Cabletron common stock outstanding as of 5:00PM EST, on the record date, July 27, 2001. About Riverstone Networks Riverstone Networks, Inc., (Nasdaq: RSTN) builds routers that convert raw bandwidth into profitable services for Metropolitan Area Networks. Riverstone's products enable the creation of profitable services and the delivery of these services over next-generation and legacy networks, including SONET/SDH, Gigabit Ethernet, T1/E1, T3/E3, ATM and Dense Wavelength Division Multiplexing See WDM. (DWDM). Riverstone products bring together fourth-generation Application Specific Integrated Circuits (ASICs), battle-tested routing software, and unparalleled media versatility to deliver comprehensive solutions for metropolitan area networks. Riverstone's products are deployed in more than 40 countries and in some of the world's largest networks, including British Telecom, Korea Telecom, Genuity, MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. WorldCom, MAE West Ames, EarthLink, NTT, and Telefonica. For more information, please visit the company's Web site at http://www.riverstonenet.com. About Cabletron Systems Cabletron Systems, based in Rochester, NH, was founded in 1983. Initially a provider of world-class networking solutions, Cabletron announced its corporate transformation to a holding company in 2000. Today, Cabletron is a holding company for three of the most innovative, customer-focused organizations in the telecommunications and networking industry: Aprisma Management Technologies Aprisma Management Technologies was created after Cabletron Systems was broken up into 5 smaller pieces, as the business unit to continue the highly successful SPECTRUM network management suite. It was acquired in early 2005 by Concord, which in turn was acquired by Computer Associates. , Enterasys Networks, GlobalNetwork Technology Services and Riverstone Networks. For more information on Cabletron Systems, visit www.cabletron.com. Riverstone Networks is a trademark of Riverstone Networks, Inc. All other trademarks, service marks and trade names belong to their respective owners. |
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