In a letter, Zachary McAdoo, a portfolio manager of an entity affiliated with Zannett Opportunity Fund, urged MathStar Chairman Douglas Pihl and the board to liquidate MathStar, rather than acquire another company. MathStar has said it is looking for a merger, but has rejected merger proposals from PureChoice. The Zanett group holds 506,758 shares (5.52% of the total outstanding).

KSA Capital Management called the current strategy employed by Intertape "deeply flawed." KSA believes that the company should immediately sell itself or replace its board and executive director and change its corporate-governance structure. KSA Capital holds 2,989,781 shares (5.07%).

The Richard M. Osborne Trust demanded a shareholder list for the purpose of communicating with other shareholders. The trust argues that all Ohio corporations are required to maintain a list showing all shareholders' names, addresses and the number and class of shares issued or transferred to or by them. The trust has 200,100 shares (2.7%).

Simcoe Partners has filed proxy materials to elect two directors, who would urge Telular to "aggressively" repurchase shares and to consider paying an ongoing cash dividend. Simcoe favors "an extremely cautious approach to acquisition activity" and wants the company to explore strategic alternatives. Simcoe reported ownership of 950,000 shares (5.1%).

Activist Joseph Stilwell hopes to meet with management to discuss ways "to maximize shareholder value." Stilwell and his affiliates have 175,516 shares (6.9%).

Funds managed by Mario Gabelli's Gamco Investors (GBL) reported ownership of 2,139,500 shares (6.33%) after buying 1,841,500 from Oct. 30 to Dec. 24 at prices ranging from $15.94 to $30.87.

Funds run by Gamco Investors raised their stake to about 5.92 million shares (26.64%) from 5.67 million (25.5%).

RGM Capital has 1.12 million shares (9.57%) after selling 375,600 from Dec. 17 to 22 at prices ranging from $1.70 to $1.85.