Lone Pine Capital Builds Large Stake in Dolby Laboratories (DLB)
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In a 13G filing after the close on Dolby Laboratories Inc. (NYSE: DLB), Stephen Mandel's Lone Pine Capital disclosed 6.8% (3,487,709 shares) in the company. The firm did not show a stake in Dolby Laboratories at the quarter ended June 30, 2008.
Dolby Laboratories, Inc. engages in the development and delivery of products and technologies for the entertainment industry worldwide.
Lone Pine Capital is a $9 billion long/short equity hedge fund founded in 1997 by Steve Mandel. Prior to founding Lone Pine Capital, Mandel was senior managing director and consumer analyst at Tiger Management Corporation (1990-1997).
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