Company & Industry Overviews
Is LifeLock’s Buyout by Symantec a Win for Elliott Management?
Elliott Management’s expertise in technology sector Earlier in this series, we discussed how LifeLock’s acquisition could enhance Symantec’s (SYMC) growth prospects. Let’s explore the role of hedge fund management company Elliott Management. The tech sector seems to be Elliott Management’s strength. In Elliott Management’s words, “Within the technology sector, we have made approximately three dozen […]
Why Maverick Capital liquidated position in Citrix Systems
Citrix had an annual revenue in 2013 of $2.9 billion. The company sees high competition for its products from companies like VMware and F5 Networks.
Why Maverick Capital eliminated position in Catamaran
Catamaran posted a 58% increase in revenue to $5.4 billion in 2Q14. Net income was up 13% to $71.4 million, or $0.34 per share.
Maverick Capital initiates new position in drug distributor McKesson
McKesson posted revenues of $137.6 billion for the fiscal year 2014 compared to $122.1 billion a year ago.
Lee Ainslie’s Maverick Capital buys a stake in Catamaran Corp.
Pharmacy benefit manager Catamaran Corp. (CTRX) is a new position initiated by Maverick that accounts for 2.46% of the fund’s fourth quarter portfolio.