Lawrence Seidman's Seidman & Associates recently sent a letter to the company nominating three directors for election to the board. Seidman said he's nominating himself, Thomas Goggins and Welles Hatch at the next annual meeting. Seidman & Associates currently holds 292,514 shares (6.85% of the total outstanding).

Riley Investment Management is concerned about Transmeta's strategic direction, in light of its recent grant of 725,000 stock options to four top executives. Riley Investment criticized Transmeta for the grants, which it maintains were given "at great cost to the shareholders with no commensurate value creation." Riley Investment wants to be allowed to replace the four board members, who have been directors since Transmeta's initial public offering. The investing firm also said that it intends to send a separate demand to examine Transmeta's books and records and to investigate the company's recent options grants. Riley Investment currently holds 796,109 shares (6.4%).

DellaCamera Capital Management believes that the company is trading at a significant discount to its intrinsic value, that the value of the company's commercial operations alone may materially exceed its current share price, and that the market is ascribing significant negative value to the company's R&D pipeline and technology platform. DCM suggests that the company retain a financial adviser to help develop plans to increase shareholder value, including the rationalization of the company's marketed-products segment, the sale of the Abelcet product line, the possible monetization of additional royalty interests, and structural methods to unlock the value of Enzon's Locked Nucleic Acid development platform.

CD Capital Management sent a letter to MVCO indicating that CD Capital is prepared to enter into a confidentiality agreement with the company. CD Capital President John D. Ziegelman also intends to nominate himself for election to the board at the next annual meeting, according to the letter. CD Capital Management currently owns 396,903 shares (7.7%).

Sun Capital Securities reported ownership of 2,201,402 shares (6.2%) after buying 634,082 from Dec. 4 to 20 at $7.15 to $8.12 each.

EchoStar Communications (DISH) reported ownership of 5.4% of CalAmp, but provided no transaction details.

Mario Gabelli's Gamco Investors (GBL) owns 1,230,200 shares (5.3%), after purchasing 364,400 from Oct. 12 to Dec. 18 at prices that ranged from $3.47 to $4.75.

Director Steven G. Mihaylo raised his stake to 4,500,000 shares (25.9%) by buying 4,000,000 under a purchase agreement on Dec. 10 at $1 per share.