Ramius Capital increases activist stakes in Technology Companies
|November 16th, 2009||
|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.
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