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Elliot Associates ups stake in Packeteer to 9.6%
By Lisa Kerner
Charlotte, N.C., Aug. 2 - Packeteer, Inc. investors led by Elliott Associates, LP bought 360,000 shares of the company's stock between July 10 and Aug. 1 priced from $7.02 to $7.60 each.
The reporting persons own a total of 3,460,000 shares, or 9.6% of the Cupertino, Calif., network application company, according to a schedule 13D filing with the Securities and Exchange Commission.
On July 5, Elliott owned 8.6%, or 3.1 million shares. The investor previously reported a 6.3% stake in Packeteer and had suggested the company sell.
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