Mentor Graphics Corporation is a provider of software and hardware design solutions that enable its customers to develop electronic products. Recently it is the $1.4 billion market cap company is the target of some heavy-weight activist investors, including our own Investment Guru Carl Icahn
Today, Carl Icahn
and Donald Drapkin tell CNBC why they feel Mentor Graphics is trying to disenfranchise shareholders.
The two take issues with the high SG&A expenses the company have and think some change is overdue:
GuruFocus data shows that Carl Icahn
owns 12.9 million shares as of September 30, 2010. Richard Perry
owns 3 million shares.
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guruekJae Jun is the author of Old School Value, a value investing blog dedicated to the Old School methodologies and teachings of the investment greats such as Graham, Buffett and Fisher. The blog deals with finding intrinsic value, fundamental stock analysis and special situations including spinoffs and merger arbitrage.
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