"Strongbow Capital may nominate a slate of directors for election at the 2008 annual meeting, and may propose selling Duckwall-ALCO Stores. Strongbow has expressed disappointment with the Abilene, Kan., regional retailer's management and suggested that Duckwall-ALCO expand its board by adding a Strongbow designee and form an executive committee to oversee its business. Strongbow says that it's unhappy with results of the company's three-year turnaround program. The shareholder says that the company's management has done an "inadequate" job of controlling expenses and reducing inventory. Strongbow holds 543,517 shares (14.3% of the total outstanding)."

"Trinad Management wants Network Engines to consider initiating a share-buyback program. Trinad says it strongly believes that the board has an "obligation to dedicate a portion of its cash reserve and free cash flow to projects which have the greatest return to shareholders, such as a share-buyback program." The investor also says that it believes that Network Engines is "significantly undervalued, and that a share-buyback program would improve investors' overall perception of the company's equity value." Trinad reported ownership of 2.85 million shares (6.5%)."

"Riley Investment Management urged the company to review all options to enhance shareholder value. Riley and its affiliates beneficially own 708,998 shares (5.9%)."

"Sears Holdings (SHLD) intends to evaluate the "desirability" of proposing an acquisition of Restoration Hardware. Sears disclosed that it had proposed buying Restoration before the purveyor of high-end home furnishings agreed to be bought by a private-equity group. Sears says that it approached Restoration in June about a possible business combination, and in late October proposed purchasing the company for $4 a share. Sears is seeking to obtain certain nonpublic information from Restoration, and has indicated that it would enter into a confidentiality agreement to get such information. Sears Holdings has 5.3 million shares (13.67%)."

"Blum Capital Partners reported ownership of 6,429,400 shares (7.8%), bought from Oct. 23 to Nov. 16 at $14.61 to $19 a share."

"Chicago investment firm Discovery Group I reported ownership of 2,673,235 shares (5%), after buying 17,300 on Nov. 8 at $4.91 to $5 apiece."

"A group including Farallon Capital Partners raised its holdings to 3.36 million Class A shares (7.2%), from 2.8 million (5.8%) reported in May 2006."

"Billionaire investor Carl Icahn increased his stake to 21 million Class A shares (15.99%) by buying 1,670,700 on Nov. 16 at $3.72 a share. Icahn, who is a director of Blockbuster, also owns 5.6 million of the Class B shares."