InFocus (INFS) Caxton Associates said that due to "unsatisfactory conversations" with INFS management, it intends to call a special meeting to seek to replace most of InFocus' board. Caxton may propose amending InFocus' bylaws to change the number of directors who make up the board. Caxton holds 4,438,200 shares (11.2% of the total outstanding).

Telik (TELK) Carl Icahn believes the stock is undervalued, and he may seek to have discussions with TELK regarding its plans and prospects. Icahn's High River and affiliates collectively own 5,195,828 shares, of which about 3.8 million were bought since Dec. 26.

Champps Entertainment (CMPP) Loeb Partners wrote to Champps to question the restaurant chain's decision to try to sell itself, and whether the board conducted an auction to maximize shareholder value by selling the company to the highest bidder before approving a "below-market offer." (CMPP recently agreed to be acquired by an investment entity formed by Kinderhook Industries for $75 million in cash.) Loeb and its affiliates hold 842,540 shares (6.4%).

Ultratech (UTEK) Thales Fund Management has asked Ultratech to be "open-minded and proactive" in contemplating a sale of the company to maximize shareholder value. Thales believes Ultratech has "unique, market-leading technologies" that are "severely undervalued" at its current stock price. Thales holds about 2.55 million shares (11%).

Integral Systems (ISYS) Fursa Alternative Strategies demanded inspection of Integral's corporate books for the purpose of communicating with fellow shareholders. Fursa said it wants to communicate with them about mutual interests such as corporate governance and ways to increase stockholder value. Fursa currently holds 1,330,000 shares (12%).

National Home Health Care (NHHC) Salvatore Alternative plans to vote against the proposed acquisition of the company by Angelo Gordon & Co., and said the consideration "inadequately compensates" shareholders. Salvatore Alternative said that the process that led to the signing of the merger agreement was "flawed and was not designed to obtain the highest possible sales price" for the company's holders. Salvatore Alternative owns 477,482 shares (8.5%).

Proliance International (PLI) St. Louis investment adviser Towle & Co. reported ownership of 1,005,200 shares (6.5%), but no transaction details were provided.

Morgan's Foods (MRFD) Moab Capital Partners raised its holdings to 224,900 shares (8.2%) by buying 27,400 from Nov. 13 to Jan. 11, at $7.52 to $10.32 each.