{
  "docId": "019dd923-622c-750b-8b9c-40844c4c0320",
  "docSlug": "83df720ea087",
  "documentTitle": "Riverbed Technology, Inc. (RVBD)",
  "authorId": "02_Elliott_Management",
  "authorName": "Elliott",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2014-03-11 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.70665085,
  "pageNumber": 7,
  "pageCount": 14,
  "prevPage": 6,
  "nextPage": 8,
  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "dense",
  "nDataPoints": 3,
  "notes": "The chart highlights a 69.4% underperformance gap between the NASDAQ and Riverbed.",
  "elementsJson": [
    "headline_text",
    "subtitle_text",
    "line_chart",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9c-40844c4c0320/7",
  "deckHref": "/decks/019dd923-622c-750b-8b9c-40844c4c0320",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9c-40844c4c0320.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-40844c4c0320#slide-7",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Prior to Elliott's expression of initial interest in the Company, Riverbed has severely underperformed the NASDAQ by nearly 70% as well as its peer group",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-14d9-722b-8538-b9045e29673c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.7,
        "x": 0.16,
        "y": 0.16
      },
      "kind": "chart",
      "text": "Indexed stock performance of Riverbed, NASDAQ, and Peer Group",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6d185e2d-c3cd-4a59-9aa5-ee52cbd28069",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.7,
        "x": 0.16,
        "y": 0.46
      },
      "kind": "disclaimer",
      "text": "Source: Bloomberg, Comparable companies as found in Riverbed 2013 10-K. 1. Calculated using a \"total return\" calculation... 2. Performance measured to 10/29/13... 3. Indicates mean performance of Riverbed's 10-K peer group...",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "38a6caee-8b90-46e3-8d3a-dbc6c59761e9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.35,
        "x": 0.34,
        "y": 0.41
      },
      "kind": "legend",
      "text": "Riverbed, 10-K Comparables Index, NASDAQ Composite Index",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ee494ade-c3a0-46ea-b0f7-555c0f7b7982",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Total Return: 69.4%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-14d9-722b-8538-bf5d7699110e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.7,
        "x": 0.16,
        "y": 0.11
      },
      "kind": "title",
      "text": "Prior to Elliott's expression of initial interest in the Company, Riverbed has severely underperformed the NASDAQ by nearly 70% as well as its peer group",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "cf0637a0-d052-46dd-9df2-8f4917bf969f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.5,
        "x": 0.16,
        "y": 0.09
      },
      "kind": "title",
      "text": "Relative Price Performance – LTM Prior to Elliott Involvement",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "44fc48ab-bcc9-43d4-bdb4-81586e0cc0c7",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "comparison_frame",
      "slug": null,
      "matchId": "13ce4bf7-229e-4146-aee1-b31d865551f9",
      "evidence": "Comparing company performance against benchmarks to establish underperformance.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 8,
      "from": 7,
      "beatId": "941d837c-0582-4641-a5a4-a50306449650",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Agitate (Make it worse)",
      "beatSlug": "problem-agitate-solution-agitate-make-it-worse",
      "evidence": "The peer benchmark and before-after slides show the negative impact on stock performance.",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Development",
      "parentBeatSlug": "development"
    }
  ],
  "loops": [
    {
      "to": 12,
      "from": 7,
      "name": "Benchmark Gap",
      "slug": "39-benchmark-gap",
      "bestFor": "Performance improvement, competitive analysis, target setting",
      "matchId": "7fa8dbd7-7f07-4a3f-bb02-77a0d949445d",
      "evidence": "The peer benchmark and select public companies slides show the comparison to peers.",
      "position": 1,
      "objective": "Is the current valuation in line with peer benchmarks?",
      "structure": "Our Performance -> Industry Average -> Best-in-Class -> The Gap = The Opportunity",
      "confidence": 0.7,
      "description": "Compare performance against best-in-class to quantify the opportunity"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}