The Icahn Effect
May 25, 2010
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You’ve no doubt heard the news: Carl Icahn has “taken a stake” in Lawson Software (NASDAQ:LWSN).
What exactly does this mean? Well, I wish I could tell you, but I sure don’t know. Except it can’t be good. If you’ve never heard of Icahn, just sample this tidbit from the Reuter’s article:
“Icahn has made billions investing in businesses that he believes are mismanaged or ripe for sale, then pushing the companies to improve their operations or sell themselves.”
Perhaps Icahn heard that Lawson has embraced cloud computing, and wants in?