NetApp Under Activist Pressure from Paul Singer

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HFA Staff
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NetApp Inc. (NASDAQ:NTAP) shares rose by more than 6 percent on today’s market after Elliot Management Corp, the investment vehicle run by Paul Singer, revealed that it had taken a position in the firm in the company’s 13F filing for the first quarter, made public yesterday. A report from Businessweek today suggests that the investment fund may consider an activist run at the company. NetApp Inc. (NASDAQ:NTAP) operates in the data storage business, a highly competitive area that is coming into its own in 2013. Companies in the business are beginning to see more and more demand for their services as…

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