Merriman Downgrades Packeteer (PKTR) to Neutral
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Merriman downgrades Packeteer (Nasdaq: PKTR) from Buy to Neutral, citing recent acquisition offer from Blue Coat Systems.
Packeteer, Inc. (Packeteer) is a provider of wide area network (WAN) Application Delivery systems designed to deliver a set of visibility, quality of service (QoS) control, compression, application acceleration and branch office service capabilities to enterprise customers and service providers.[SM]
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