Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Chronic Execution Issues Still The Story At Riverbed Technology

I've kept networking technology company Riverbed Technology (NASDAQ:RVBD) on my watch list primarily because I continue to see value in the business when, or if, management can finally iron out its ongoing execution challenges. Unfortunately, there's just no particular reason to believe the end of those challenges is in sight, so it is almost irrelevant that the Street seems a little too bearish on the growth potential of the businesses. I believe management is starting to run short on time; every fumbled quarter makes the relative certainty of Elliott Management's $21 bid look better and if a strong second half rebound doesn't materialize, shareholders may start agitating for that option.

Execution A Familiar Problem

Former Tampa Bay Buccaneers...

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