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Activist Investor Carl Icahn and Donald Drapkin Going After Mentor Graphics

February 08, 2011 | About:
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.

About the author:

guruek
Above Average Odds: The author is a co-managing partner of a Kansas City based value investment firm, and runs separately managed accounts and a private investment partnership modeled on the original Buffett partnership from the 1950’s. His investment blog Above Average Odds Investing is dedicated to the premise that there is a “better way” for the average investor to protect and grow their wealth over time. Contact the author at: aboveaverageodds@gmail.com”

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