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Reuters alone with Aruba’s Q1 forecast; stock soars 22 pct08.21.2009
Reuters was alone in reporting on Aug. 27 that No. 2 wireless LAN provider Aruba forecast a strong Q1 outlook. Aruba, which competes with Cisco, had also reported a strong Q4. Next day, the stock soared as much as 22 percent to a year-high and several brokerages raised their ratings on it. Bloomberg and Dow Jones did not cover the forecast. |
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