Packeteer Down 37.1% on Bear Stearns Report

Author:
Publish date:

Packeteer

(PKTR)

, an Internet software-applications maker, was down 37.1% in late afternoon.

Bear Stearns

in a report said the company would be hurt by

Intel

(INTC) - Get Report

revamping its

Netstructure

division. But Packeteer this afternoon said Intel assured it that Intel would still purchase Packeteer's products. Packeteer was down more than 50% earlier.