Most of the stock is held by non-BMC folks. According to http://finance.yahoo.com/q/mh?s=BMC+Major+Holders it says that 91% of the shares are held by institutional and mutual fund owners. For example, the top mutual fund holder according to that is DODGE & COX STOCK FUND which has 5.10% of the outstanding shares (8,215,140.) Compare that with Bob Beauchamp, who has 658,211 shares. 6.5% is a huge amount, and the different investor groups that make up that 91% are more likely to sympathize with Elliot Management than with BMC's internal management.
Thanks, Shawn Pierson Remedy Developer | Energy Transfer -----Original Message----- From: Action Request System discussion list(ARSList) [mailto:arslist@ARSLIST.ORG] On Behalf Of arslist Sent: Wednesday, June 20, 2012 10:21 AM To: arslist@ARSLIST.ORG Subject: Re: BMC proxy fight - Elliot Mgmt That one just confuses me. First paragraph says major stock holder, then the text says 6.5% That means 93.5% of stockholders aren't them, why does the system allow the hair on the tail to wag the dog? -----Original Message----- From: Action Request System discussion list(ARSList) [mailto:arslist@ARSLIST.ORG] On Behalf Of pritch Sent: June 20, 2012 10:58 AM To: arslist@ARSLIST.ORG Subject: Re: BMC proxy fight - Elliot Mgmt Then again, here's a link from about 45 minutes ago : http://finance.yahoo.com/news/elliott-presents-analysis-outlining-multiple-141700446.html ----- Original Message ----- From: "Paul Campbell (Paul)" <p...@avaya.com> To: arslist@ARSLIST.ORG Sent: Wednesday, June 20, 2012 10:13:54 AM Subject: Re: BMC proxy fight - Elliot Mgmt There goes the neighborhood! I hope this doesn't turn out like the Peregrine purchase of Remedy! -----Original Message----- From: Action Request System discussion list(ARSList) [mailto:arslist@ARSLIST.ORG] On Behalf Of pritch Sent: Wednesday, June 20, 2012 9:56 AM To: arslist@ARSLIST.ORG Subject: Re: BMC proxy fight - Elliot Mgmt Annual meeting is July 25, so I wouldn't expect any fireworks until around then. The interesting thing is one of the votes on the agenda is: 5. TO VOTE ON A STOCKHOLDER PROPOSAL SUBMITTED BY ELLIOTT ASSOCIATES, L.P. AND ELLIOTT INTERNATIONAL, L.P. REGARDING THE REPEAL OF PROVISIONS OR AMENDMENTS OF THE COMPANY'S AMENDED AND RESTATED BYLAWS, AS SET FORTH IN THE PROXY STATEMENT. While there's no other details that I can find, I'm assuming this is the repeal of the poison pill amendment that was adopted by the board. Will be interesting to see how the stockholders feel. ----- Original Message ----- From: "Kelly Logan" <kelly.lo...@proquest.com> To: arslist@ARSLIST.ORG Sent: Wednesday, June 20, 2012 9:11:52 AM Subject: BMC proxy fight - Elliot Mgmt ** Regarding the links that Joel noted (see below), does anyone else have some insight into the accusations made by Elliot Mgmt? Personally, I m glad that BMC did not completely lose themselves in SaaS, what I see as another bubble technology that will be bursting in the next few years as companies realize how little value they get from most SaaS vendors, and how much they have to spend to do even the most basic customization. What are opinions on the sales and other issues? Any sales/partners that would like to chime in on this? ** This may explain the silence: http://www.informationweek.com/news/software/infrastructure/240002100 http://www.marketwatch.com/story/bmc-software-responds-to-elliott-managements-letter-2012-05-21 http://www.marketwatch.com/story/elliott-files-definitive-proxy-statement-for-bmc-software-2012-06-14 http://blogs.wsj.com/deals/2012/06/12/bmc-software-fights-back-against-elliott-says-its-not-for-sale/ Joel Joel Sender jdsen...@earthlink.net 310.829.5552 Kelly Logan , Sr. Systems Administrator (Remedy, Planview), GMS ProQuest | 789 E. Eisenhower Parkway, P.O. Box 1346 | Ann Arbor MI 48106-1346 USA | 734.997.4777 kelly.lo...@proquest.com www.proquest.com ProQuest ...Start here. 2010 InformationWeek 500 Top Innovator P Please consider the environment before printing this email. This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the sender, and delete the message from your computer . _attend WWRUG12 www.wwrug.com ARSlist: "Where the Answers Are"_ _______________________________________________________________________________ UNSUBSCRIBE or access ARSlist Archives at www.arslist.org attend wwrug12 www.wwrug12.com ARSList: "Where the Answers Are" _______________________________________________________________________________ UNSUBSCRIBE or access ARSlist Archives at www.arslist.org attend wwrug12 www.wwrug12.com ARSList: "Where the Answers Are" _______________________________________________________________________________ UNSUBSCRIBE or access ARSlist Archives at www.arslist.org attend wwrug12 www.wwrug12.com ARSList: "Where the Answers Are" _______________________________________________________________________________ UNSUBSCRIBE or access ARSlist Archives at www.arslist.org attend wwrug12 www.wwrug12.com ARSList: "Where the Answers Are" Private and confidential as detailed here: http://www.sug.com/disclaimers/default.htm#Mail . If you cannot access the link, please e-mail sender. _______________________________________________________________________________ UNSUBSCRIBE or access ARSlist Archives at www.arslist.org attend wwrug12 www.wwrug12.com ARSList: "Where the Answers Are"
