Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Riverbed Technology
So what: Riverbed has since responded to the announcement, with general counsel Brett Nissenberg asserting in a press release that Silver Peak’s counter-claim is “without merit” and an “expected reaction” to Riverbed’s initial suit.
Now what: Investors don’t seem to be convinced. With the stock still off more than 15% as the closing bell approaches, they’re either afraid of Silver Peak’s counter, or nervous about lousy earnings reports from both Blue Coat Systems
Interested in more info on Riverbed Technology? Add it to your watchlist .