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:
guruekRavi Nagarajan is a private investor and Editor of The Rational Walk website. Ravi focuses on applying value investing techniques to find securities trading well below intrinsic business value. Ravi has over 15 years of experience in the financial markets and started investing on a full time basis in 2009. From 1996 to 2009, Ravi held a number of technical and executive level positions in the commercial software industry. Ravi graduated Summa Cum Laude from Santa Clara University with a degree in finance. Visit his website The Rational Walk
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