Riverstone Networks Announces Settlement of Patent Litigation
August 30 2005 - 4:30PM
PR Newswire (US)
SANTA CLARA, Calif., Aug. 30 /PRNewswire-FirstCall/ -- Riverstone
Networks, Inc. (OTC:RSTN.PK), a leading provider of Carrier
Ethernet Networks, today announced that it has entered a settlement
agreement to resolve the patent litigation brought against the
Company by Toshiba Corporation in November 2003. The terms of the
settlement are confidential; however, the Company reported that the
settlement will not have a material impact on its cash position or
on-going operations. Except for the historical information
contained herein, the matters set forth in this press release,
including without limitation statements regarding the impact of the
litigation settlement on on-going operations, are forward- looking
statements within the meaning of the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements speak only as of the date hereof and are
subject to risks and uncertainties that may cause actual results to
differ materially. These risks and uncertainties include
deterioration of the Company's operations such that any impact of
the settlement announced today would become material, along with
those risks and uncertainties detailed from time to time in
Riverstone Networks' SEC reports, including the reports on Form
10-Q and Form 8-K filed on September 2, 2004. The company assumes
no obligation to update or revise these forward-looking statements.
NOTE: Riverstone Networks is a registered trademark of Riverstone
Networks, Inc. All other trademarks, service marks and trade names
belong to their respective owners. CONTACT: Roger A. Barnes,
Executive Vice President/CFO of Riverstone Networks, Inc.,
+1-408-878-6500; or Howard Kalt of Kalt Rosen & Co.,
+1-415-397-2686, for Riverstone Networks, Inc. DATASOURCE:
Riverstone Networks, Inc. CONTACT: Roger A. Barnes, Executive Vice
President/CFO of Riverstone Networks, Inc., +1-408-878-6500; or
Howard Kalt of Kalt Rosen & Co., +1-415-397-2686, for
Riverstone Networks, Inc. Web site: http://www.riverstonenet.com/
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