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Stock Market & Financial Investment News

News Breaks
March 4, 2014
10:45 EDTRVBDElliott says buyback shows Riverbed 'focused on the wrong issues'
Elliott Management issued a statement in response to Riverbedís announcement of an expanded stock repurchase program. Elliott said, "Riverbed's announcement today of an increased buyback program is more clear evidence of the Board's entrenchment. Riverbedís shareholders want and expect the Board to explore a value-maximizing sale, not to reflexively announce a buyback when the stock is up 35% on buyout speculation. Instead of engaging interested buyers, the Board has once again confirmed that it is focused on the wrong issues and desperately searching for any tactic that will allow it to retain control over a public Riverbed. The correct path forward is for the Board to allow all interested buyers, including Elliott, to conduct diligence so they can present shareholders with their best offers for the Company."
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August 18, 2014
16:02 EDTRVBDRiverbed names Paul Mountford as Chief Sales Officer
Riverbed Technology announced that Paul Mountford has joined the company as senior vice president and Chief Sales Officer. He was most recently CEO of Sentillian, a New York-based web intelligence startup.
August 12, 2014
10:59 EDTRVBDRiverbed: ADC solution market growing slower than expected
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