CommVault (CVLT -4.8%) shares sink after partner Dell's (DELL +1.1%) purchase of a developer of...

|About: CommVault Systems, Inc. (CVLT)|By:, SA News Editor

CommVault (CVLT -4.8%) shares sink after partner Dell's (DELL +1.1%) purchase of a developer of software for backing up applications running on servers similar to what CVLT makes. Stifel Nicolaus says CVLT's tech is broader and thus isn't worried about the competition, but the acquisition dampens the likelihood of a long-rumored Dell takeover of CVLT.