Meanwhile, institutional investors are buying. Massachusetts Financial Services Co. reported Nov. 13 that it now holds 10.9 million shares of StorageNetworks, or 11.2 percent of the company. Massachusetts Financial was unlisted in StorageNetworks April proxy, a document that requires the names of all parties that beneficially own at least 5 percent of the stock.
StorageNetworks shares closed Tuesday up 64 cents (8.95 percent) to 7.79.
Tom Davey, special to Byte and Switch, http://www.byteandswitch.com
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