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Stock Market & Financial Investment News

News Breaks
January 8, 2013
16:07 EDTRVBDRiverbed says USPTO reexaminations like Silver Peak's are 'somewhat routine'
Riverbed Technology commented on the decision by the United States Patent and Trademark Office to grant reexamination requests for two Riverbed patents after Silver Peak Systems, which is being sued by Riverbed for infringing both of these patents as well as an additional patent, had earlier announced the USPTO action. Riverbed said, “Reexamination requests are often made, as they were in this instance, by parties accused of infringing the subject patents. And the USPTO has historically granted well over 90% of these reexamination requests, meaning this initial action has become somewhat routine. It is not surprising that Silver Peak's announcement today failed to mention that Silver Peak still faces the patent infringement trial this September, and the start of USPTO proceedings will have no bearing on the trial's outcome or the validity of the patents at the trial."
News For RVBD From The Last 14 Days
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October 28, 2014
07:27 EDTRVBDWilliam Blair 'puzzled' over NetApp acquisition
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October 27, 2014
16:03 EDTRVBDNetApp buys Riverbed's SteelStore product line for $80M
NetApp (NTAP) announced the acquisition of Riverbed Technology's (RVBD) SteelStore product line in an all-cash transaction for approximately $80M. he SteelStore product supports leading backup applications and cloud providers so that customers have a choice in how they extend their existing data protection infrastructure into the cloud. NetApp will offer enterprises cloud-integrated storage to securely and efficiently back up their data to both private and public cloud environments. NetApp expects that the SteelStore product will be available during its fiscal third quarter of 2015.
October 24, 2014
10:04 EDTRVBDRiverbed CEO seems much more willing to consider sale, says MKM Partners
After Riverbed's Q4 guidance missed expectations, MKM Partners said its talks with Chairman and CEO Jerry Kennelly made it seem that he is "much more willing" now to consider strategic options. MKM believes Riverbed is worth more as a private company and foresees its strategic review most likely leading to a sale to a pe firm, possibly in the $20-$24 range. The firm maintains its Neutral rating and $21 price target on Riverbed.
October 23, 2014
16:56 EDTRVBDRiverbed sees Q4 EPS 31c-33c, consensus 35c
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16:17 EDTRVBDRiverbed sees Q4 EPS 31c-33c, consensus 35c
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16:16 EDTRVBDRiverbed reports Q3 EPS 30c, consensus 30c
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15:30 EDTRVBDNotable companies reporting after market close
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October 22, 2014
13:14 EDTRVBDRiverbed up 3% after dealReporter says contacting buyers next week
Shares of Riverbed moved higher after dealReporter said the company is expected to start a sale process and contact potential buyers next week, according to its sources.

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