Threatened, BMC Adopts Poison Pill

In a letter to the board Tuesday, Elliott Management said BMC's future will be increasingly difficult as a standalone public company; it's suffering from sluggish growth, underperformance on its business plan and substantial execution challenges - it's changed its sales chief four times since 2010; it's been written off as a "growth-impaired legacy asset" with a low stock price; it lacks revenue-scale compared to its major competitors, IBM, HP and even CA; it's late to SaaS and the cloud; and it's facing new rivals eager to carve up its territory.

The most read research reporter for the past 20 years

Maureen O'Gara the most read research reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected research reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara