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What: Shares of Radware (Nasdaq: RDWR) dropped like a rock today, down by 12% at the low, after customer Juniper Networks (Nasdaq: JNPR) announced a partnership with Riverbed Technology (Nasdaq: RVBD).

So what: Juniper was previously using Radware's application delivery controller, AppDirector, so news that Juniper is licensing Riverbed's ADC technology is rattling investors. This is especially disconcerting as many had expected Juniper to go with Radware in the deal, according to Barclays analyst Joseph Wolf.

Now what: Radware has jumped in front of the situation and issued a press release confirming that its existing relationship with Juniper "remains intact." Radware and Juniper had previously announced a partnership in October of last year, and that deal is still in place. Radware says its strategy to grow its ADC business is to tap OEMs and distribution channels as opposed to selling or licensing its IP, which is what's happening in Juniper's deal with Riverbed.

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Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. The Motley Fool owns shares of Riverbed Technology. Motley Fool newsletter services have recommended buying shares of Riverbed Technology. Motley Fool newsletter services have recommended creating a stock position in Riverbed Technology. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.