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back to article BEELLIONAIRE Paul Singer slings $2.3bn into Compuware

New York-based hedge fund Elliott Management has been on the hunt for undervalued software companies in which to invest. A few years back, it tried to buy Novell and failed in the attempt. But last month Elliott started amassing shares in Compuware, a systems and application management software maker, and now it wants the whole …

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Coat

Vultures this way

Don't know anything about Compuware, but Singer and co (aka: the Vulture Funds) have been having a great time around the world trying to get money 'owed' to them by Argentina - including having an Argentinian naval ship impunded in Ghana of all places..! (Lot's more details here: http://ftalphaville.ft.com/tag/pari-passu-saga).

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Off topic, but...

Seeing the word "Elliott" in the title gave me a flashback to 1968 and the Elliott 803 I first learned to program on. Was only the smallest model with 4k storage, as I remember, and only paper tape for input/output (but *fast*, until you had to print it out on a Flexowriter). As such it only ran the assembly system (system!) and Elliott Autocoder - no Algol. Nice big operator's control panel and a few winky light to show you when/where your program was looping. The architecture could only be described as basic: made the original Intel 8080 look sophisticated. One accumulator, and Q-register is all I remember. No index registers and virtually all code was self-modifying since indexing and subroutine linkage was achieved through program storage. Booted from paper tape via a 5-word program hard wired into th efirst five words of storage.

Sorry for the distraction, we now return you to the scheduled program.

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Be afraid, Compuware..

The stunt mentioned in the first post is (as one might surmise) merely one example of the alleged behaviour that has earned Paul Singer his reputation.

http://www.huffingtonpost.com/carl-pope/romney-delphi-auto_b_2051373.html

http://thinkprogress.org/special/2011/10/10/339862/paul-singer-vulture-capitalist-journalists/?mobile=nc

In other words, if I were associated with Compuware I would be thinking "timeo danaos et dona ferentes".

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