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Stock Market & Financial Investment News

News Breaks
April 2, 2014
13:49 EDTRVBDSilver Peak confirms patent win against Riverbed, seeks permanent injunction
A Delaware jury delivered a verdict Tuesday in favor of Silver Peak in a trial in which Silver Peak asserted infringement of two of its patents against Riverbed. Silver Peak intends to seek a permanent injunction against the features of Riverbed’s RiOS and Steelhead devices covered by the Silver Peak patents – “SDR-Adaptive,” as well as “Enhanced Auto-Discovery” when used in combination with “Full Transparency.” The jury in the United States District Court for the District of Delaware found that one Silver Peak patent – U.S. Patent No. 7,945,736 – was directly infringed under the Doctrine of Equivalents and was also contributorily infringed by Riverbed. The validity of that patent was not challenged at trial. The jury also found that Riverbed induced infringement of a second Silver Peak patent – U.S. Patent No. 7,948,921 – and rejected an invalidity challenge to that patent. The court had previously granted summary judgment of direct infringement of that patent by Riverbed. Riverbed initiated the litigation in 2011. The asserted claims of two of the patents originally asserted by Riverbed were invalidated in inter partes reexamination before the United States Patent and Trademark Office, and Riverbed’s claims have been stayed by the court while those decisions are being appealed.
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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