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Riverbed Miss Prompts Renewed Sale Demand From Elliott

Elliott Management Corp., the activist shareholder pushing for Riverbed Technology Inc. to sell itself, reiterated that call today after the software company reported preliminary results missing its own forecast.

Riverbed said it anticipates second-quarter sales of as much as $265 million, compared with a prior prediction of as much as $280 million. The San Francisco-based networking-equipment maker reported adjusted earnings for the quarter ended June 30 at the low end of a previous forecast of 26 cents to 28 cents a share.