Ramius Capital increases activist stakes in Technology Companies

November 16th, 2009
| More
Contributed by: Hedge Fund Solutions LLC
Peter Cohen’s Ramius Capital Group has upped its investment in the technology sector, increasing share amounts in wireless services firm Immersion Corporation (NASDAQ: IMMR) and PC motherboard manufacturer Phoenix Technologies Ltd. (NASDAQ: PTEC). According to a recent HFS Catalyst Investment Research Report, Ramius has increased its holdings to 15% of IMMR. It has been aggressively adding shares since August.

Ramius Capital also added 535,535 PTEC shares to its current holdings, bringing shares outstanding to 13.4%, representing a 1.6% increase. The firm has been active in PTEC in years past as well, adding two recommended members to the board in 2007 and offering to buy the company in 2007.

For more information on Hedge Fund Solutions or to sign-up for their Catalyst Equity Research Reports, please click here.
For Detailed Investor Profiles on these Investors, click below:
Ramius Capital Group
Related People: Jeffrey Smith; Jeffrey Solomon; Mark R. Mitchell; Morgan Stark; Peter Cohen; Thomas Strauss
Related Entities: Cowen Group Inc. (NASDAQ: COWN); Ramius Alternative Investments; Ramius Credit Fund; Ramius Enterprise LP; Ramius Intermediate Fund; Ramius Multi-Strategy Fund; Ramius Value and Opportunity Fund
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles; Hedge Fund Resources and Featured Partner News

More Recent Headlines

Jean-Philippe Blochet leaves Brevan Howard Asset Management

Paladin Strategic Partners Acquires Stake in HomeSaver Mortgage Management

Six Flags agrees to Avenue Capital reorganization plan, Stark and others are unhappy

Galleon Management rewards employees with bonuses and severance

T. Rowe Price to Acquire 28% stake in India’s UTI Asset Management

Four Risks to Las Vegas Sands' Shareholders

John Paulson’s Hedge Fund ups Cadbury Stake

7 Steps Towards Real Free Market Capitalism

Steven Cohen’s SAC Capital claims to have had no suspicious trading in Galleon’s stocks

Former Star Manager of Goldman’s Global Alpha Fund to Launch New Hedge Fund