3 of the 4 board members being pushed by Elliott are ex HP board members that were around in the days when the current CEO of Oracle was the CEO of HP. And Oracle is one of the companies that seems to continue to come up in the discussions. Coincidence or just a small world?
----- Original Message ----- From: "Axton" <axton.gr...@gmail.com> To: arslist@ARSLIST.ORG Sent: Wednesday, June 20, 2012 12:40:54 PM Subject: Re: BMC proxy fight - Elliot Mgmt ** Most people trade stock to make money. The value of the proposition from asset management firms versus the customers of the products align to that 'money making' goal very differently. What they plan to offer may not be a bad thing. Consider the discussion thread on becoming a partner. On Wed, Jun 20, 2012 at 11:10 AM, Logan, Kelly < kelly.lo...@proquest.com > wrote: Maybe it's time for an open letter on behalf of the people who actually use BMC software to inform the stockholders of the dangers of allowing a private investment firm to push their own people onto the board of directors because they haven't been able to make a compelling enough business case to make the current board do what *they* want. -----Original Message----- From: Action Request System discussion list(ARSList) [mailto: arslist@ARSLIST.ORG ] On Behalf Of pritch Sent: Wednesday, 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. 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