Lamassu Holdings has blasted the board of Ditech Networks Inc (NASDAQ:DITC). In a letter to the board, Lamassu Holdngs accuses DITC management of “spending as though Ditech Networks has money to burn, adding to the amount of money you have already lost for shareholders during your tenure,” “aggressively [overstepping] the bounds of good corporate governance” [...]
Archive for the ‘Lloyd I. Miller III’ Category
Lamassu Holdings blasts DITC board
Posted in Activist Investors, Ditech Networks Inc (NASDAQ:DITC), Greenbackd Portfolio, Lamassu Holdings LLC, Lloyd I. Miller III, Net Cash Stocks, Stocks, tagged Activist investment, Ditech Networks Inc (NASDAQ:DITC), Lamassu Holdings LLC, Liquidation Value, Lloyd Miller, Net Cash Stock on July 17, 2009 | Leave a Comment »
Lloyd I Miller III discloses DITC holding; Supports Lamassu Holdings’ candidates
Posted in Activist Investors, Ditech Networks Inc (NASDAQ:DITC), Greenbackd Portfolio, Lamassu Holdings LLC, Lloyd I. Miller III, Net Cash Stocks, Net Net Stocks, Stocks, tagged Activist investment, Ditech Networks Inc (NASDAQ:DITC), Liquidation Value, Lloyd I. Miller III, Net Cash Stock on July 10, 2009 | Leave a Comment »
Lloyd I Miller III has disclosed a 5.9% holding in Ditech Networks Inc (NASDAQ:DITC). According to the 13D filing, Mr. Miller supports Mr. Leehealey and Mr. Sansone – the director candidates nominated by Lamassu Holdings for election to the board of directors at the DITC annual meeting – as “candidates who are independent of management and [...]
INFS releases results; burns cash and investment thesis
Posted in Activist Investors, InFocus Corporation (NASDAQ:INFS), Lloyd I. Miller III, Nery Capital Partners, Stocks, tagged Activist investment, InFocus Corporation (NASDAQ:INFS), Liquidating Value, Nery Capital Partners on February 12, 2009 | 2 Comments »
InFocus Corporation (NASDAQ:INFS) has released its results for the fourth quarter and full year ended December 31 and they are, frankly, nothing short of horrific. As always, Greenbackd’s concern is primarily for the state of the balance sheet and the liquidation value of the company. Here, the news is bad: Balance Sheet Total cash and [...]
Nery Capital ups stake in INFS
Posted in Activist Investors, InFocus Corporation (NASDAQ:INFS), Lloyd I. Miller III, Nery Capital Partners, Stocks, tagged Activist investment, InFocus Corporation (NASDAQ:INFS), Liquidating Value, Lloyd Miller, Nery Capital Partners on January 7, 2009 | 2 Comments »
Nery Capital has increased its holding in InFocus Corporation (NASDAQ:INFS) according to its most recent 13D amendment filed January 5 this year. Nery Capital now controls 12.2% of INFS’s outstanding stock, up from 11.2% at its last filing on December 5, 2008. We’ve been following INFS because it is a deeply undervalued asset situation with [...]
INFS fending off “New York sharks”
Posted in InFocus Corporation (NASDAQ:INFS), Lloyd I. Miller III, Nery Capital Partners, tagged InFocus Corporation (NASDAQ:INFS), Lloyd Miller, Nery Capital Partners on December 22, 2008 | 1 Comment »
According to the Portland Business Journal, a group of “high-powered executives” plan to save InFocus Corporation (NASDAQ:INFS) from “New York sharks” who want to liquidate the company for a quick profit. The group, which includes Steve Hix, INFS’s co-founder, wants to buy the company if they can get financing. The group says its strategy, which [...]
INFS conference call discusses auction progress
Posted in Activist Investors, InFocus Corporation (NASDAQ:INFS), Lloyd I. Miller III, Nery Capital Partners, Stocks, tagged Activist investment, InFocus Corporation (NASDAQ:INFS), Lloyd Miller, Nery Capital Partners on December 17, 2008 | 1 Comment »
InFocus Corporation (NASDAQ:INFS) held a conference call yesterday to discuss the progress of its auction. We’ve previously posted about INFS here, here and here, writing that it is a deeply undervalued asset situation with two activist investors, Nery Capital Partners and Lloyd I. Miller, III, pushing the company to “consider the views expressed by its [...]
InFocus Corporation (NASDAQ:INFS) Restructuring
Posted in Activist Investors, InFocus Corporation (NASDAQ:INFS), Lloyd I. Miller III, Nery Capital Partners, Stocks, tagged Activist investment, Add new tag, InFocus Corporation (NASDAQ:INFS), Lloyd Miller, Nery Capital Partners on December 15, 2008 | Leave a Comment »
We’ve recently posted about INFS’s value proposition here (it’s deeply undervalued) and the effect of a big buy back on the per share value of the company here (it’s hugely positive). The company today announced plans to restructure and reduce its global workforce by approximately 30%, commencing in January 2009 and spanning a twelve month [...]
InFocus Corporation (NASDAQ:INFS)
Posted in Activist Investors, InFocus Corporation (NASDAQ:INFS), Lloyd I. Miller III, Nery Capital Partners, Stocks, tagged Activist investment, InFocus Corporation (NASDAQ:INFS), Liquidating Value, Lloyd Miller, Nery Capital Partners on December 12, 2008 | 11 Comments »
InFocus Corporation (NASDAQ:INFS) is a deeply undervalued asset situation with two activist investors, Nery Capital Partners and Lloyd I. Miller, III, disclosing holdings in the company. At its closing price yesterday of $0.63, INFS has a market capitalization of $25.6M. We estimate its liquidating value to be more than 80% higher at $46.7M or $1.15 [...]
List of activist investments for November
Posted in Net Net Stocks, Stocks, Activist Investors, Avigen (NASDAQ:AVGN), Biotechnology Value Fund, Net Cash Stocks, Zale Corporation (NYSE:ZLC), Yahoo! (NASDAQ:YHOO), Carl Icahn, Cannell Capital, Autobytel (NASDAQ:ABTL), Lloyd I. Miller III, InFocus Corporation (NASDAQ:INFS), Nery Capital Partners, tagged AVGN, Biotechnology Value Fund, ABTL, InFocus Corporation (NASDAQ:INFS), Lloyd Miller, Nery Capital Partners, Activist investment, trilogy inc, infs, yhoo, zlc on December 5, 2008 | Leave a Comment »
The Official Activist Investing Blog has published its list of activist investments for November: Ticker Company Activist Investor ABTL Autobytel Inc Trilogy Inc ACF AmeriCredit Corp Fairholme Capital Management ACTL Actel Corp Ramius Capital ADPT Adaptec, Inc Steel Partners ARCW Arc Wireless Solutions Brean Murray Carret Group ATSG Air Transport Services Group Perella Weinberg Partners [...]




