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