JIVE Turkey
Empire Capital Management, a technology-focused hedge fund co-managed by Scott Fine and Peter Richards, has reported ownership of 2.8 million shares of Jive Software (JIVE), as well as a significant number of call options. Altogether, it controls or has the potential to control 5.4% of total shares outstanding.
The company's products blend social and business software, allowing employees to share information among themselves, customers and business partners. Jive claims that a top consulting firm has shown that users of the software experience a 15% increase in productivity and a 4% increase in revenue. Jive has a market capitalization of about $980 million, with about 640,000 shares traded daily and a current stock price above around $15 (plenty of liquidity for most investors)....449 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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